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REGISTERED NUMBER: 04226397 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Solutions 4 Cleaning Limited

Solutions 4 Cleaning Limited (Registered number: 04226397)

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


Solutions 4 Cleaning Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: C Bennett
M Burkinshaw
N C Pollard
P Dobson



REGISTERED OFFICE: Unit 3 Sandall Stones Road
Kirk Sandall Industrial Estate
Doncaster
South Yorkshire
DN3 1QR



REGISTERED NUMBER: 04226397 (England and Wales)



INDEPENDENT AUDITORS: Landin Wilcock & Co
Statutory Auditor
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



BANKERS: Barclays Bank
Sheffield City
Leicester
Leicestershire
LE87 2BB

Solutions 4 Cleaning Limited (Registered number: 04226397)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £   
FIXED ASSETS
Intangible assets 4 16,750 20,100
Tangible assets 5 32,564 49,703
49,314 69,803

CURRENT ASSETS
Stocks 28,650 25,108
Debtors 6 452,311 372,179
Cash at bank and in hand 205,588 188,016
686,549 585,303
CREDITORS
Amounts falling due within one year 7 (342,445 ) (292,542 )
NET CURRENT ASSETS 344,104 292,761
TOTAL ASSETS LESS CURRENT LIABILITIES 393,418 362,564

PROVISIONS FOR LIABILITIES (4,285 ) (8,445 )
NET ASSETS 389,133 354,119

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 389,131 354,117
389,133 354,119

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 21 June 2023 and were signed on its behalf by:





M Burkinshaw - Director


Solutions 4 Cleaning Limited (Registered number: 04226397)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Solutions 4 Cleaning 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.

Going concern
The financial statements have been prepared on a going concern basis. Following another profitable year the director's believe that the company has sufficient working capital to continue trading into the foreseeable future.

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 consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised in the period in which the service was rendered, following completion of contracted terms.

Goodwill
Goodwill represents customer contracts purchased from other businesses. The contracts are being amortised over their estimated useful lives.

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.
Improvements to property - 20% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Tangible fixed assets are initially measured at cost. Subsequently, they are measured at cost less accumulated depreciation and impairment losses.

Solutions 4 Cleaning Limited (Registered number: 04226397)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued

Government grants
Government grants relating to revenue expenditure are recognised in income on a systematic basis over the period in which the company recognises the related costs to which the grant is intended to compensate.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 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 asset of the company after deducting all of its liabilities.

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.

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 173 (2022 - 180 ) .

Solutions 4 Cleaning Limited (Registered number: 04226397)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 209,924
AMORTISATION
At 1 April 2022 189,824
Charge for year 3,350
At 31 March 2023 193,174
NET BOOK VALUE
At 31 March 2023 16,750
At 31 March 2022 20,100

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022 4,742 26,143 16,413 89,771 137,069
Additions 1,000 - - 11,985 12,985
Disposals - (639 ) - (26,528 ) (27,167 )
At 31 March 2023 5,742 25,504 16,413 75,228 122,887
DEPRECIATION
At 1 April 2022 1,877 14,795 7,385 63,309 87,366
Charge for year 1,290 5,325 3,780 11,238 21,633
Eliminated on disposal - (639 ) - (18,037 ) (18,676 )
At 31 March 2023 3,167 19,481 11,165 56,510 90,323
NET BOOK VALUE
At 31 March 2023 2,575 6,023 5,248 18,718 32,564
At 31 March 2022 2,865 11,348 9,028 26,462 49,703

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 417,808 354,895
Amounts owed by group undertakings 4,350 -
Other debtors 30,153 17,284
452,311 372,179

Solutions 4 Cleaning Limited (Registered number: 04226397)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade creditors 22,327 16,853
Amounts owed to group undertakings - 9,708
Taxation and social security 145,680 122,930
Other creditors 174,438 143,051
342,445 292,542

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

The Report of the Auditors was unqualified.

Mr Robert Hampstead (Senior Statutory Auditor)
for and on behalf of Landin Wilcock & Co

9. OTHER FINANCIAL COMMITMENTS

The total financial commitment for operating leases not included in the balance sheet is £27,083 (2022 - £39.583).

10. ULTIMATE CONTROLLING PARTY

The controlling party is HEB Group Ltd.

The ultimate controlling party is Investment Partners (Guernsey)Limited.

The company's controlling party is HEB Group Ltd, a private limited company registered in England and Wales. This is the parent of the smallest group in which these financial statements are consolidated. The financial statements are available on request from: Unit 16, President Buildings, Savile Street East, Sheffield, England, S4 7UQ.