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Registered Number: 04988785
England and Wales

 

 

 

FINISHING TOUCH DRYCLEANING LIMITED



Abridged Accounts
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

Finishing Touch Drycleaning Limited
Contents Page
For the year ended 31 December 2024
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Intangible fixed assets 3 3,281    4,001 
Tangible fixed assets 4 10,180    9,326 
13,461    13,327 
Current assets      
Stocks 1,156    2,386 
Debtors 0    251 
Cash at bank and in hand 102    85 
1,258    2,722 
Creditors: amount falling due within one year (4,408)   (23,159)
Net current assets (3,150)   (20,437)
 
Total assets less current liabilities 10,311    (7,110)
Creditors: amount falling due after more than one year (20,976)   (7,434)
Provisions for liabilities (996)   (61)
Net assets (11,661)   (14,605)
 

Capital and reserves 		     
Called up share capital 5 100    100 
Profit and loss account (11,761)   (14,705)
Shareholders' funds (11,661)   (14,605)
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 10 December 2025 and were signed by:


-------------------------------
David Henry Redgate
Director
1
General Information
Finishing Touch Drycleaning Limited is a private company, limited by shares, registered in England and Wales, registration number 04988785, registration address 64 Castle Boulevard, Nottingham , NG7 1FN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of any trade discounts.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 18% Reducing Balance
Motor Vehicles 18% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 January 2024 25,510    25,510 
Additions -    - 
Disposals -    - 
At 31 December 2024 25,510    25,510 
Amortisation
At 01 January 2024 21,509    21,509 
Charge for year 720    720 
On disposals -    - 
At 31 December 2024 22,229    22,229 
Net book values
At 31 December 2024 3,281    3,281 
At 31 December 2023 4,001    4,001 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Land and Buildings   Total
  £   £   £   £
At 01 January 2024 41,448    16,514    7,836    65,798 
Additions 2,759    -    -    2,759 
Disposals -    -    -    - 
At 31 December 2024 44,207    16,514    7,836    68,557 
Depreciation
At 01 January 2024 33,986    14,650    7,836    56,472 
Charge for year 1,533    372    -    1,905 
On disposals -    -    -    - 
At 31 December 2024 35,519    15,022    7,836    58,377 
Net book values
Closing balance as at 31 December 2024 8,688    1,492    -    10,180 
Opening balance as at 01 January 2024 7,462    1,864    -    9,326 


5.

Share Capital

Allotted, called up and fully paid
2024
£		   2023
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

2