Company registration number:
09108276
Associated Cleaning Contractors Limited
Unaudited filleted financial statements
27 June 2017
Associated Cleaning Contractors Limited
Contents
Statement of financial position
Notes to the financial statements
Associated Cleaning Contractors Limited
Statement of financial position
27 June 2017
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27/06/17
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29/06/16
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Note
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£
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£
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£
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£
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Current assets
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Debtors
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5
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27,782
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8,965
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_______
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_______
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27,782
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8,965
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Creditors: amounts falling due
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within one year
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6
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(
13,986)
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(
2,460)
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_______
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_______
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Net current assets
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13,796
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6,505
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_______
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_______
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Total assets less current liabilities
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13,796
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6,505
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_______
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_______
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Net assets
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13,796
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6,505
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_______
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_______
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Capital and reserves
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Called up share capital
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2
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2
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Profit and loss account
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13,794
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6,503
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_______
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_______
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Shareholders funds
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13,796
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6,505
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_______
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_______
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For the period ending 27 June 2017 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 financial statements for the period in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
29 June 2018
, and are signed on behalf of the board by:
Mr Stephen Rynberk
Director
Company registration number:
09108276
Associated Cleaning Contractors Limited
Notes to the financial statements
Period ended 27 June 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 22-24 Balfour Road, Bootle, Liverpool, Merseyside, L20 4NZ.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 30 June 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. 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. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
255
(2016:
255
).
5.
Debtors
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27/06/17
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29/06/16
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£
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£
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Trade debtors
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27,782
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8,965
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_______
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_______
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6.
Creditors: amounts falling due within one year
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27/06/17
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29/06/16
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£
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£
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Corporation tax
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3,300
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1,600
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Other creditors
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10,686
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860
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_______
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_______
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13,986
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2,460
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_______
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_______
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7.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 30 June 2015.
Reconciliation of equity
No transitional adjustments were required.
Reconciliation of profit or loss for the period
No transitional adjustments were required.