Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-302023-01-302022-01-31falseWindow, office and hospital cleaning2184truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00664866 2022-01-31 2023-01-30 00664866 2020-08-01 2022-01-30 00664866 2023-01-30 00664866 2022-01-30 00664866 c:Director1 2022-01-31 2023-01-30 00664866 d:MotorVehicles 2022-01-31 2023-01-30 00664866 d:MotorVehicles 2023-01-30 00664866 d:MotorVehicles 2022-01-30 00664866 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-01-31 2023-01-30 00664866 d:ComputerEquipment 2022-01-31 2023-01-30 00664866 d:ComputerEquipment 2023-01-30 00664866 d:ComputerEquipment 2022-01-30 00664866 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-01-31 2023-01-30 00664866 d:OwnedOrFreeholdAssets 2022-01-31 2023-01-30 00664866 d:CurrentFinancialInstruments 2023-01-30 00664866 d:CurrentFinancialInstruments 2022-01-30 00664866 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-30 00664866 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-30 00664866 d:ShareCapital 2023-01-30 00664866 d:ShareCapital 2022-01-30 00664866 d:RetainedEarningsAccumulatedLosses 2023-01-30 00664866 d:RetainedEarningsAccumulatedLosses 2022-01-30 00664866 c:EntityNoLongerTradingButTradedInPast 2022-01-31 2023-01-30 00664866 c:FRS102 2022-01-31 2023-01-30 00664866 c:AuditExempt-NoAccountantsReport 2022-01-31 2023-01-30 00664866 c:FullAccounts 2022-01-31 2023-01-30 00664866 c:PrivateLimitedCompanyLtd 2022-01-31 2023-01-30 00664866 2 2022-01-31 2023-01-30 00664866 6 2022-01-31 2023-01-30 iso4217:GBP xbrli:pure

Registered number: 00664866









VICTORIA GENERAL CLEANING SERVICES LTD








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JANUARY 2023

 
VICTORIA GENERAL CLEANING SERVICES LTD
REGISTERED NUMBER: 00664866

BALANCE SHEET
AS AT 30 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
6,902

Investments
 5 
-
1

  
-
6,903

Current assets
  

Debtors: amounts falling due within one year
 6 
137,926
208,197

Cash at bank and in hand
 7 
63,238
109,190

  
201,164
317,387

Creditors: amounts falling due within one year
 8 
(2,101)
(48,438)

Net current assets
  
 
 
199,063
 
 
268,949

  

Net assets
  
199,063
275,852


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
189,063
265,852

  
199,063
275,852


Page 1

 
VICTORIA GENERAL CLEANING SERVICES LTD
REGISTERED NUMBER: 00664866
    
BALANCE SHEET (CONTINUED)
AS AT 30 JANUARY 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 August 2023.




Mr M J Rutherford
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
VICTORIA GENERAL CLEANING SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2023

1.


General information

Victoria General Cleaning Services Ltd is a private company limited by shares, incorporated in England, United Kingdom. The address of the registered office is Suite D, The Business Centre, Faringdon Avenue, Romford, Essex, RM3 8EN. The company sold its business in August 2021 under an earn out arrangement and ceased trading on this date. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the profit or loss in the same period as the related expenditure.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
VICTORIA GENERAL CLEANING SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2023

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.8

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Comprehensive Income over its useful economic life.
Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
VICTORIA GENERAL CLEANING SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2023

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance and straight-line basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Reducing balance
Computer equipment
-
25%
Straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
VICTORIA GENERAL CLEANING SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 184).


4.


Tangible fixed assets





Motor vehicles
Computer equipment
Total

£
£
£





At 31 January 2022
23,710
3,009
26,719


Disposals
(23,710)
(3,009)
(26,719)



At 30 January 2023

-
-
-





At 31 January 2022
19,021
796
19,817


Charge for the year on owned assets
-
752
752


Disposals
(19,021)
(1,548)
(20,569)



At 30 January 2023

-
-
-



Net book value



At 30 January 2023
-
-
-



At 30 January 2022
4,689
2,213
6,902


5.


Fixed asset investments





Investments in subsidiary companies

£





At 31 January 2022
1


Disposals
(1)



At 30 January 2023
-




Page 6

 
VICTORIA GENERAL CLEANING SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2023

6.


Debtors

2023
2022
£
£


Other debtors
137,926
208,197



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
63,238
109,190



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
-
35,871

Trade creditors
-
947

Accruals and deferred income
2,101
11,620

2,101
48,438



9.


Pension commitments

The company operates a defined contribution pension scheme for the benefit of the director and employees.  The assets of the scheme are administerd by trustees in the fund independent from those of the company.  The pension cost charge represents contributions payable by the company to the fund and amounted to £Nil (2022 - £9,035).  Contributions totalling £Nil (2022 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.


10.


Transactions with directors

Included in other debtors is a loan of £127,190 (2022 - £87,393) to director Mr M J Rutherford which is repayable on demand.  Interest is charged on an average basis at the official rate.

 
Page 7