Company Registration No. 07083704 (England and Wales)
Maid2Clean (Suffolk) Ltd
Unaudited accounts
for the year ended 31 March 2019
Maid2Clean (Suffolk) Ltd
Unaudited accounts
Contents
Maid2Clean (Suffolk) Ltd
Company Information
for the year ended 31 March 2019
Company Number
07083704 (England and Wales)
Registered Office
158 Nacton Road
Ipswich
Suffolk
IP3 9JN
Accountants
Target Associates Ltd
31 High Street
Needham Market
Suffolk
IP6 8AL
Maid2Clean (Suffolk) Ltd
Statement of financial position
as at 31 March 2019
Cash at bank and in hand
3,053
13,768
Creditors: amounts falling due within one year
(10,229)
(12,824)
Net current (liabilities)/assets
(876)
944
Total assets less current liabilities
440
1,051
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
188
913
Shareholders' funds
190
915
For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 17 October 2019.
S A Hall
Director
Company Registration No. 07083704
Maid2Clean (Suffolk) Ltd
Notes to the Accounts
for the year ended 31 March 2019
Maid2Clean (Suffolk) Ltd is a private company, limited by shares, registered in England and Wales, registration number 07083704. The registered office is 158 Nacton Road, Ipswich, Suffolk, IP3 9JN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight line
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Stocks and work-in-progress 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 expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
Maid2Clean (Suffolk) Ltd
Notes to the Accounts
for the year ended 31 March 2019
4
Intangible fixed assets
Other
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
5
Tangible fixed assets
Fixtures & fittings
7
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
8,138
8,891
Loans from directors
21
3,533
Maid2Clean (Suffolk) Ltd
Notes to the Accounts
for the year ended 31 March 2019
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 0 (2018: 1).
