Iron Maidens Commercial Laundry Limited

Iron Maidens Commercial Laundry Limited
Contents Page
For the year ended 31 March 2025

Statement of financial position	1
Notes to the financial statements	2

Iron Maidens Commercial Laundry Limited
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	3	8,044	8,938
Tangible fixed assets	4	281,756	297,434
		289,800	306,372
Current assets
Debtors: amounts falling due within one year		116,913	120,816
Cash at bank and in hand		188,174	119,345
		305,087	240,161
Creditors: amount falling due within one year		(241,758)	(212,686)
Net current assets		63,329	27,475

Total assets less current liabilities		353,129	333,847
Creditors: amount falling due after more than one year		(101,005)	(113,611)
Provisions for liabilities		(1,686)	(1,765)
Net assets		250,438	218,471

Capital and reserves
Called up share capital		100	100
Profit and loss account		250,338	218,371
Shareholders' funds		250,438	218,471

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge 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 board of directors on 15 December 2025 and were signed on its behalf by:

-------------------------------
Sharon Bridgett
Director

1

Iron Maidens Commercial Laundry Limited
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

Iron Maidens Commercial Laundry Limited is a private company, limited by shares, registered in England and Wales, registration number 07965385, registration address Seagrave Street, Newcastle Under Lyme, Staffordshire, ST5 1LB.

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 Value Added Tax and trade discounts.

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Software License
Software License is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the Software License 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:

Computer Equipment	20% Reducing Balance
Fixtures and Fittings	20% Reducing Balance
Plant and Machinery	20% Reducing Balance
Motor Vehicles	25% Reducing Balance

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 16 (2024 : 17).

3.

Intangible fixed assets

Cost	Software License	Total
	£	£
At 01 April 2024	11,634	11,634
Additions	-	-
Disposals	-	-
At 31 March 2025	11,634	11,634
Amortisation
At 01 April 2024	2,696	2,696
Charge for year	894	894
On disposals	-	-
At 31 March 2025	3,590	3,590
Net book values
At 31 March 2025	8,044	8,044
At 31 March 2024	8,938	8,938

4.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£	£
At 01 April 2024	465,708	148,761	12,868	6,710	634,047
Additions	3,651	45,125	1,002	1,730	51,508
Disposals	-	-	-	-	-
At 31 March 2025	469,359	193,886	13,870	8,440	685,555
Depreciation
At 01 April 2024	281,464	47,829	5,554	1,766	336,613
Charge for year	37,064	27,420	1,538	1,164	67,186
On disposals	-	-	-	-	-
At 31 March 2025	318,528	75,249	7,092	2,930	403,799
Net book values
Closing balance as at 31 March 2025	150,831	118,637	6,778	5,510	281,756
Opening balance as at 01 April 2024	184,244	100,932	7,314	4,944	297,434

2

Registered Number: 07965385
England and Wales
IRON MAIDENS COMMERCIAL LAUNDRY LIMITED

Abridged Accounts

Period of accounts Start date: 01 April 2024 End date: 31 March 2025