General Information
SEATON CLEANING SUPPLIES LLP is a limited liability partnership, registered in England and Wales, registration number OC302150, registration address Unit 28B, Park View Industrial Estate, Hartlepool, Brenda Road, TS25 1PG.
The presentation currency is £ sterling.
1. |
Accounting policies
Significant accounting policies
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)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
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 profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on an annual basis and provided as appropriate.
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:
Motor Vehicles |
25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
2. |
Average number of employees
Average number of employees during the year was 94 (2021 : 94).
|
3. |
Intangible fixed assets
Cost |
Goodwill |
|
Total |
|
£ |
|
£ |
At 01 July 2021 |
75,000 |
|
75,000 |
Additions |
- |
|
- |
Disposals |
- |
|
- |
At 30 June 2022 |
75,000 |
|
75,000 |
Amortisation |
At 01 July 2021 |
- |
|
- |
Charge for year |
- |
|
- |
On disposals |
- |
|
- |
At 30 June 2022 |
- |
|
- |
Net book values |
At 30 June 2022 |
75,000 |
|
75,000 |
At 30 June 2021 |
75,000 |
|
75,000 |
|
4. |
Tangible fixed assets
Cost or valuation |
Motor Vehicles |
|
Total |
|
£ |
|
£ |
At 01 July 2021 |
84,652 |
|
84,652 |
Additions |
- |
|
- |
Disposals |
- |
|
- |
At 30 June 2022 |
84,652 |
|
84,652 |
Depreciation |
At 01 July 2021 |
15,041 |
|
15,041 |
Charge for year |
17,403 |
|
17,403 |
On disposals |
- |
|
- |
At 30 June 2022 |
32,444 |
|
32,444 |
Net book values |
Closing balance as at 30 June 2022 |
52,208 |
|
52,208 |
Opening balance as at 01 July 2021 |
69,611 |
|
69,611 |
|
5. |
Stocks
|
2022 £ |
|
2021 £ |
Stocks |
35,264 |
|
35,015 |
|
35,264 |
|
35,015 |
|
6. |
Debtors: amounts falling due within one year
|
2022 £ |
|
2021 £ |
Trade Debtors |
209,973 |
|
181,708 |
Other Debtors |
10,030 |
|
919 |
|
220,003 |
|
182,627 |
|
7. |
Creditors: amount falling due within one year
|
2022 £ |
|
2021 £ |
Trade Creditors |
65,462 |
|
35,473 |
PAYE & Social Security |
55,660 |
|
52,788 |
Accrued Expenses |
24,200 |
|
24,200 |
Other Creditors |
(3) |
|
2,002 |
Invoice discounting advances |
15,034 |
|
19,941 |
Obligations under HP/Financial Leases |
16,527 |
|
16,527 |
|
176,880 |
|
150,931 |
|
8. |
Creditors: amount falling due after more than one year
|
2022 £ |
|
2021 £ |
Obligations Under HP/Financial Leases |
38,592 |
|
35,824 |
|
38,592 |
|
35,824 |
|
2
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