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REGISTERED NUMBER: 01160550 (England and Wales)















Unaudited Financial Statements

for the Year Ended 14 June 2023

for

Hi-Grade Cleaning Services Limited

Hi-Grade Cleaning Services Limited (Registered number: 01160550)






Contents of the Financial Statements
for the Year Ended 14 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hi-Grade Cleaning Services Limited

Company Information
for the Year Ended 14 June 2023







DIRECTORS: S J Cool
Mrs J I Cool





SECRETARY: Mrs J I Cool





REGISTERED OFFICE: 11 Hawthorn Close
Hedge End
Southampton
Hampshire
SO30 0QP





REGISTERED NUMBER: 01160550 (England and Wales)





ACCOUNTANTS: Hughes Spencer
12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH

Hi-Grade Cleaning Services Limited (Registered number: 01160550)

Balance Sheet
14 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,909 16,508

CURRENT ASSETS
Stocks 100 100
Debtors 5 8,591 31,836
Cash at bank 69,686 72,545
78,377 104,481
CREDITORS
Amounts falling due within one year 6 41,345 25,672
NET CURRENT ASSETS 37,032 78,809
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,941

95,317

PROVISIONS FOR LIABILITIES 896 1,010
NET ASSETS 52,045 94,307

CAPITAL AND RESERVES
Called up share capital 10 10
Capital redemption reserve 5 5
Retained earnings 52,030 94,292
SHAREHOLDERS' FUNDS 52,045 94,307

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 14 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 14 June 2023 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.

Hi-Grade Cleaning Services Limited (Registered number: 01160550)

Balance Sheet - continued
14 June 2023


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 25 September 2023 and were signed on its behalf by:





S J Cool - Director


Hi-Grade Cleaning Services Limited (Registered number: 01160550)

Notes to the Financial Statements
for the Year Ended 14 June 2023

1. STATUTORY INFORMATION

Hi-Grade 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.

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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

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 - 33% on cost, 25% on reducing balance, 15% on reducing balance and 10% on 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Hi-Grade Cleaning Services Limited (Registered number: 01160550)

Notes to the Financial Statements - continued
for the Year Ended 14 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 15 June 2022 42,495
Additions 366
At 14 June 2023 42,861
DEPRECIATION
At 15 June 2022 25,987
Charge for year 965
At 14 June 2023 26,952
NET BOOK VALUE
At 14 June 2023 15,909
At 14 June 2022 16,508

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,080 9,200
Other debtors 4,511 22,636
8,591 31,836

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 6,420 11,760
Other creditors 34,925 13,912
41,345 25,672

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S J Cool.