true
Contract Cleaning & Facilities Limited
07546245
2016-03-31
-24551
-42250
-24451
-42249
100
1
-24451
-42249
6395
0
-18056
-42249
-44343
-65888
407730
360988
363387
295100
273560
229782
66834
65318
22993
0
26287
23639
0
3200
26287
20439
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
In equal annual instalments over its estimated useful economic life of 5 years.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account at a constant rate of charge on the balance of capital repayments outstanding.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet.
Sales invoice discounting
The company has a factoring agreement with a finance company to purchase specified trade debts, in return for a secured credit facility to the company. The finance company has the right to require the company to repurchase unpaid debts and therefore the company has retained the significant benefits and risks relating to the debts. In accordance with the Accounting Standard, a separate presentation has been adopted, with gross trade debts shown within assets and total advances received from the finance company shown within liabilities as a loan. All costs and interest are charged to the Profit and Loss Account as they accrue.
Plant & Machinery
Method for Plant & equipment
0.0000
Fixtures & Fittings
Method for Fixtures & fittings
0.0000
Motor Vehicles
Method for Motor vehicles
0.0000
16000
16000
16000
12800
3200
49301
40454
14097
-5250
23014
20015
6849
-3850
65301
56454
14097
-5250
39014
32815
-3850
10049
6395
0
Ordinary
100
1
100
1
Ordinary
1
100
1
100
Ordinary
1
99
99
99
Balance sheet Spare note 99 (user defined)
GOING CONCERN
The company meets its day to day working capital requirements through cash inflows and, on this basis, the director considers it appropriate to prepare the financial statements on a going concern basis. These financial statements do not include any adjustments that would result from this not being the case.
2016-10-10
J King
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Contract Cleaning & Facilities Limited
2015-04-01
2016-03-31
Contract Cleaning & Facilities Limited
2014-04-01
2015-03-31
Contract Cleaning & Facilities Limited
2014-03-31
Contract Cleaning & Facilities Limited
2015-03-31
Contract Cleaning & Facilities Limited
2015-03-31
Contract Cleaning & Facilities Limited
2016-03-31
2016-10-11