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REGISTERED NUMBER: 06136290 (England and Wales)

CARDIFF CLEANING SERVICES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2023

CARDIFF CLEANING SERVICES LIMITED (REGISTERED NUMBER: 06136290) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| CARDIFF CLEANING SERVICES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2023

| DIRECTORS: | M J Cole

| E R W Hilton

| REGISTERED OFFICE: | Suite 7 And 8

| First Floor Moy Road Business Centre

| Moy Road , Taffs Well

| Cardiff

| South Glamorgan

| CF15 7QR

| REGISTERED NUMBER: | 06136290 (England and Wales)

| AUDITORS: | Bevan Buckland LLP

| Chartered Accountants

| And Statutory Auditors

| Ground Floor Cardigan House

| Castle Court

| Swansea Enterprise Park

| Swansea

| SA7 9LA

CARDIFF CLEANING SERVICES LIMITED (REGISTERED NUMBER: 06136290) |

BALANCE SHEET

31 MARCH 2023

| 2023 | 2022 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 163,025 |  | - |  |

Tangible assets | 5 | 16,060 |  | 5,695 |  |

179,085 |  | 5,695 |  |

CURRENT ASSETS

Stocks | 723 |  | - |  |

Debtors | 6 | 372,827 |  | 215,991 |  |

Cash at bank | 2,754 |  | 12,537 |  |

376,304 |  | 228,528 |  |

CREDITORS

Amounts falling due within one year | 7 | 561,718 |  | 204,389 |  |

NET CURRENT (LIABILITIES)/ASSETS | (185,414 | ) | 24,139 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | (6,329 | ) | 29,834 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 118,589 |  | 160,177 |  |

NET LIABILITIES | (124,918 | ) | (130,343 | ) |

CAPITAL AND RESERVES

Called up share capital | 145,000 |  | 145,000 |  |

Retained earnings | (269,918 | ) | (275,343 | ) |

SHAREHOLDERS' FUNDS | (124,918 | ) | (130,343 | ) |

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 20 September 2023 and were signed on its behalf by:

M J Cole - Director

CARDIFF CLEANING SERVICES LIMITED (REGISTERED NUMBER: 06136290) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1. | STATUTORY INFORMATION

| Cardiff Cleaning Services 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

| Turnover is measured at the fair value of the goods supplied and services rendered to customers, excluding discounts, rebates, value added tax and other sales tax.

| Invoice discounting

| The company has in place an invoice discount facility based on the value of trade receivables. Under this arrangement the group has retained both the credit and late payment risk associated with the receivables. As the company has retained substantially all the risk and rewards of ownership of the receivables, it continues to recognise the receivables in the balance sheet with advances from the facility treated as a separate liability.

| The expenses associated with this facility are charged to profit or loss in the period to which they relate.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years from one year after acquisition.

| 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 each asset over its estimated useful life.

| Plant and machinery etc | - | 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.

| 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.

CARDIFF CLEANING SERVICES LIMITED (REGISTERED NUMBER: 06136290) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2023

2. | ACCOUNTING POLICIES - continued

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Debtors

| Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

| Cash at bank and in hand

| Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

| Creditors and provisions

| Creditors and provisions are recognised where the company has a present obligation (legal and constructive) resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 152 (2022 - 101 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2022 | 300,000 |  |

| Additions | 163,025 |  |

| At 31 March 2023 | 463,025 |  |

| AMORTISATION

| At 1 April 2022

| and 31 March 2023 | 300,000 |  |

| NET BOOK VALUE

| At 31 March 2023 | 163,025 |  |

| At 31 March 2022 | - |  |

CARDIFF CLEANING SERVICES LIMITED (REGISTERED NUMBER: 06136290) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2023

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2022 | 7,327 |  |

| Additions | 14,495 |  |

| At 31 March 2023 | 21,822 |  |

| DEPRECIATION

| At 1 April 2022 | 1,632 |  |

| Charge for year | 4,130 |  |

| At 31 March 2023 | 5,762 |  |

| NET BOOK VALUE

| At 31 March 2023 | 16,060 |  |

| At 31 March 2022 | 5,695 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2023 | 2022 |

£ | £ |

| Trade debtors | 365,529 |  | 209,274 |  |

| Other debtors | 7,298 |  | 6,717 |  |

372,827 |  | 215,991 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2023 | 2022 |

£ | £ |

| Bank loans and overdrafts | 5,692 |  | 2,571 |  |

| Hire purchase contracts | 4,020 |  | - |  |

| Trade creditors | 46,936 |  | 23,693 |  |

| Amounts owed to group undertakings | 204,500 |  | - |  |

| Taxation and social security | 95,256 |  | 48,191 |  |

| Other creditors | 205,314 |  | 129,934 |  |

561,718 |  | 204,389 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2023 | 2022 |

£ | £ |

| Bank loans | 44,939 |  | 48,059 |  |

| Amounts owed to group undertakings | 63,074 |  | 98,174 |  |

| Other creditors | 10,576 |  | 13,944 |  |

118,589 |  | 160,177 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 22,172 |  | 21,968 |  |

9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Alison Vickers (Senior Statutory Auditor)

| for and on behalf of Bevan Buckland LLP

CARDIFF CLEANING SERVICES LIMITED (REGISTERED NUMBER: 06136290) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2023

10. | ULTIMATE CONTROLLING PARTY

| The controlling party is Gofal Enterprises Ltd, a company registered in England and Wales.

| The ultimate controlling party is Platfform for change, a charitablecompany registered in Wales.