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REGISTERED NUMBER: 01261129 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2018

FOR

PRIORITY CLEANING CONTRACTORS
(MILTON KEYNES) LIMITED

PRIORITY CLEANING CONTRACTORS
(MILTON KEYNES) LIMITED (REGISTERED NUMBER: 01261129)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRIORITY CLEANING CONTRACTORS
(MILTON KEYNES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2018







Directors: R L Oughton
C J Wood





Registered office: 1 Syon Gardens
Newport Pagnell
Buckinghamshire
MK16 0JU





Registered number: 01261129 (England and Wales)





Accountants: Clark Pritchard
First Floor
44 High Street
Newport Pagnell
Buckinghamshire
MK16 8AQ

PRIORITY CLEANING CONTRACTORS
(MILTON KEYNES) LIMITED (REGISTERED NUMBER: 01261129)

BALANCE SHEET
31 MAY 2018

2018 2017
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 17,900 -
17,900 -

Current assets
Debtors 6 11,425 9,706
Cash at bank and in hand 1,185 908
12,610 10,614
Creditors
Amounts falling due within one year 7 10,976 17,185
Net current assets/(liabilities) 1,634 (6,571 )
Total assets less current liabilities 19,534 (6,571 )

Creditors
Amounts falling due after more than one
year

8

18,280

-
Net assets/(liabilities) 1,254 (6,571 )

Capital and reserves
Called up share capital 100 100
Retained earnings 1,154 (6,671 )
Shareholders' funds 1,254 (6,571 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

PRIORITY CLEANING CONTRACTORS
(MILTON KEYNES) LIMITED (REGISTERED NUMBER: 01261129)

BALANCE SHEET - continued
31 MAY 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 26 October 2018 and were signed on its behalf by:




C J Wood - Director



R L Oughton - Director


PRIORITY CLEANING CONTRACTORS
(MILTON KEYNES) LIMITED (REGISTERED NUMBER: 01261129)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018

1. Statutory information

Priority Cleaning Contractors (Milton Keynes) Limited is a private company, limited by shares , registered in
England and Wales. The company's registered number and registered office address can be found on the
Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. 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.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

PRIORITY CLEANING CONTRACTORS
(MILTON KEYNES) LIMITED (REGISTERED NUMBER: 01261129)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2018

3. Employees and directors

The average number of employees during the year was 3 (2017 - 3 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 June 2017
and 31 May 2018 1,000
Amortisation
At 1 June 2017
and 31 May 2018 1,000
Net book value
At 31 May 2018 -
At 31 May 2017 -

5. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Cost
At 1 June 2017 25,347 19,573 44,920
Additions - 18,281 18,281
At 31 May 2018 25,347 37,854 63,201
Depreciation
At 1 June 2017 25,347 19,573 44,920
Charge for year - 381 381
At 31 May 2018 25,347 19,954 45,301
Net book value
At 31 May 2018 - 17,900 17,900
At 31 May 2017 - - -

6. Debtors: amounts falling due within one year
2018 2017
£    £   
Trade debtors 7,332 9,706
Other debtors 4,093 -
11,425 9,706

PRIORITY CLEANING CONTRACTORS
(MILTON KEYNES) LIMITED (REGISTERED NUMBER: 01261129)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2018

7. Creditors: amounts falling due within one year
2018 2017
£    £   
Bank loans and overdrafts 8,645 8,186
Taxation and social security 380 3,398
Other creditors 1,951 5,601
10,976 17,185

8. Creditors: amounts falling due after more than one year
2018 2017
£    £   
Bank loans 18,280 -

9. Ultimate controlling party

The ultimate controlling party is not known.