Alpha Better Cleaning Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC270274 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 July 2018

for

Alpha Better Cleaning Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L E K Hayfron

G Danso

SECRETARY:

L E K Hayfron

REGISTERED OFFICE:

121 Moffat Street

New Gorbals

Glasgow

G5 0ND

REGISTERED NUMBER:

SC270274 (Scotland)

ACCOUNTANTS:

R.G. Beattie & Co Ltd

Chartered Certified Accountants

121 Moffat Street

Glasgow

G5 OND

FIXED ASSETS

Tangible assets

4

46,935

61,017

CURRENT ASSETS

Stocks

5

1,101

871

Debtors

6

128,306

157,849

Cash in hand

3,687

1,557

133,094

160,277

CREDITORS

Amounts falling due within one year

7

163,357

159,804

NET CURRENT (LIABILITIES)/ASSETS

(30,263

)

473

TOTAL ASSETS LESS CURRENT LIABILITIES

16,672

61,490

CREDITORS

Amounts falling due after more than one year

8

10,851

27,682

NET ASSETS

5,821

33,808

CAPITAL AND RESERVES

Called up share capital

10

30

30

Retained earnings

11

5,791

33,778

SHAREHOLDERS' FUNDS

5,821

33,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 April 2019 and were signed on its behalf by:

L E K Hayfron - Director

1.	STATUTORY INFORMATION

Alpha Better Cleaning Limited is a private company, limited by shares , registered in Scotland. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 73 (2017 - 63 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 August 2017

and 31 July 2018

19,468

125,028

3,565

148,061

DEPRECIATION

At 1 August 2017

7,763

76,362

2,919

87,044

Charge for year

1,755

12,166

161

14,082

At 31 July 2018

9,518

88,528

3,080

101,126

NET BOOK VALUE

At 31 July 2018

9,950

36,500

485

46,935

At 31 July 2017

11,705

48,666

646

61,017

5.

STOCKS

31.7.18

31.7.17

£

£

Stocks

1,101

871

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Trade Debtors

108,848

109,922

Social security & other taxes

19,458

47,927

128,306

157,849

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Bank loans and overdrafts (see note 9)

63,423

11,806

Hire purchase contracts

13,410

15,194

Trade creditors

6,452

6,212

Tax

30,858

68,242

VAT

19,029

23,872

Accrued expenses

30,185

34,478

163,357

159,804

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.18

31.7.17

£

£

Hire purchase contracts

10,851

27,682

9.

LOANS

An analysis of the maturity of loans is given below:

31.7.18

31.7.17

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

63,423

11,806

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.18

31.7.17

value:

£

£

30

Ordinary

1

30

30

11.

RESERVES

Retained

earnings

£

At 1 August 2017

33,778

Profit for the year

117,749

Dividends

(145,736

)

At 31 July 2018

5,791