Almondsbury Window Cleaning Services Ltd - Filleted accounts

Almondsbury Window Cleaning Services Ltd - Filleted accounts


Registered number
04401773
Almondsbury Window Cleaning Services Ltd
Filleted Accounts
31 March 2020
Almondsbury Window Cleaning Services Ltd
Registered number: 04401773
Balance Sheet
as at 31 March 2020
Notes 2020 2019
£ £
Fixed assets
Intangible assets 3 2,700 5,400
Tangible assets 4 16,204 20,151
18,904 25,551
Current assets
Cash at bank and in hand 35,662 29,188
Creditors: amounts falling due within one year 5 (14,280) (12,792)
Net current assets 21,382 16,396
Total assets less current liabilities 40,286 41,947
Provisions for liabilities (3,079) (3,673)
Net assets 37,207 38,274
Capital and reserves
Called up share capital 2 2
Profit and loss account 37,205 38,272
Shareholders' funds 37,207 38,274
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
_______________________
Andrew Hayden
Director
Approved by the board on 17 October 2020
Almondsbury Window Cleaning Services Ltd
Notes to the Accounts
for the year ended 31 March 2020
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery 25% Reducing balance
Fixtures, fittings, tools and equipment 25% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2020 2019
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2019 13,500
At 31 March 2020 13,500
Amortisation
At 1 April 2019 8,100
Provided during the year 2,700
At 31 March 2020 10,800
Net book value
At 31 March 2020 2,700
At 31 March 2019 5,400
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2019 998 10,792 35,104 46,894
Additions - 2,276 - 2,276
Disposals (998) - - (998)
At 31 March 2020 - 13,068 35,104 48,172
Depreciation
At 1 April 2019 180 4,473 22,090 26,743
Charge for the year 205 2,149 3,256 5,610
On disposals (385) - - (385)
At 31 March 2020 - 6,622 25,346 31,968
Net book value
At 31 March 2020 - 6,446 9,758 16,204
At 31 March 2019 818 6,319 13,014 20,151
5 Creditors: amounts falling due within one year 2020 2019
£ £
Trade creditors 1,967 1,038
Directors loan 1,509 419
PAYE - (20)
Corporation Tax 10,804 11,355
14,280 12,792
6 Controlling party
The controlling party is the director Andrew Hayden.
7 Other information
Almondsbury Window Cleaning Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
177 North Road
Stoke Gifford
Bristol
BS34 8PH
Almondsbury Window Cleaning Services Ltd04401773false2019-04-012020-03-312020-03-31VT Final AccountsApril 2020Andrew HaydenNo description of principal activity044017732018-04-012019-03-3104401773core:WithinOneYear2019-03-3104401773core:ShareCapital2019-03-3104401773core:RetainedEarningsAccumulatedLosses2019-03-31044017732019-04-012020-03-3104401773bus:PrivateLimitedCompanyLtd2019-04-012020-03-3104401773bus:AuditExempt-NoAccountantsReport2019-04-012020-03-3104401773bus:Director402019-04-012020-03-310440177312019-04-012020-03-310440177322019-04-012020-03-3104401773core:Goodwill2019-04-012020-03-3104401773core:LandBuildings2019-04-012020-03-3104401773core:PlantMachinery2019-04-012020-03-3104401773core:Vehicles2019-04-012020-03-3104401773countries:England2019-04-012020-03-3104401773bus:FRS1022019-04-012020-03-3104401773bus:FullAccounts2019-04-012020-03-31044017732020-03-3104401773core:WithinOneYear2020-03-3104401773core:ShareCapital2020-03-3104401773core:RetainedEarningsAccumulatedLosses2020-03-3104401773core:Goodwill2020-03-3104401773core:LandBuildings2020-03-3104401773core:PlantMachinery2020-03-3104401773core:Vehicles2020-03-31044017732019-03-3104401773core:Goodwill2019-03-3104401773core:LandBuildings2019-03-3104401773core:PlantMachinery2019-03-3104401773core:Vehicles2019-03-31iso4217:GBPxbrli:pure