102 01/12/2022 30/11/2023 2023-11-30 true false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-12-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC411784 2022-12-01 2023-11-30 SC411784 2023-11-30 SC411784 2022-11-30 SC411784 2021-12-01 2022-11-30 SC411784 2022-11-30 SC411784 2021-11-30 SC411784 core:PlantMachinery 2022-12-01 2023-11-30 SC411784 core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 SC411784 core:MotorVehicles 2022-12-01 2023-11-30 SC411784 core:NetGoodwill 2022-12-01 2023-11-30 SC411784 bus:RegisteredOffice 2022-12-01 2023-11-30 SC411784 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 SC411784 bus:LeadAgentIfApplicable 2022-12-01 2023-11-30 SC411784 bus:Director1 2022-12-01 2023-11-30 SC411784 bus:Director2 2022-12-01 2023-11-30 SC411784 core:NetGoodwill 2022-11-30 SC411784 core:NetGoodwill 2023-11-30 SC411784 core:PlantMachinery 2022-11-30 SC411784 core:FurnitureFittingsToolsEquipment 2022-11-30 SC411784 core:MotorVehicles 2022-11-30 SC411784 core:PlantMachinery 2023-11-30 SC411784 core:FurnitureFittingsToolsEquipment 2023-11-30 SC411784 core:MotorVehicles 2023-11-30 SC411784 core:WithinOneYear 2023-11-30 SC411784 core:WithinOneYear 2022-11-30 SC411784 core:AfterOneYear 2023-11-30 SC411784 core:AfterOneYear 2022-11-30 SC411784 core:ShareCapital 2023-11-30 SC411784 core:ShareCapital 2022-11-30 SC411784 core:RetainedEarningsAccumulatedLosses 2023-11-30 SC411784 core:RetainedEarningsAccumulatedLosses 2022-11-30 SC411784 bus:OrdinaryShareClass1 core:ShareCapital 2023-11-30 SC411784 bus:OrdinaryShareClass1 core:ShareCapital 2022-11-30 SC411784 core:NetGoodwill 2022-11-30 SC411784 core:PlantMachinery 2022-11-30 SC411784 core:FurnitureFittingsToolsEquipment 2022-11-30 SC411784 core:MotorVehicles 2022-11-30 SC411784 bus:SmallEntities 2022-12-01 2023-11-30 SC411784 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 SC411784 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 SC411784 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 SC411784 bus:FullAccounts 2022-12-01 2023-11-30
Company registration number: SC411784
Criffel Cleaning Services Limited
Unaudited filleted financial statements
30 November 2023
Criffel Cleaning Services Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Criffel Cleaning Services Limited
Directors and other information
Directors Mr J G McMeeken
Mr N J McMeeken
Company number SC411784
Registered office 123 Irish Street
Dumfries
DG1 2PE
Business address 52 Edinburgh Road
Dumfries
DG1 1JU
Accountants Carson & Trotter
Chartered Accountants
123 Irish Street
Dumfries
DG1 2PE
Criffel Cleaning Services Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Criffel Cleaning Services Limited
Year ended 30th November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Criffel Cleaning Services Limited for the year ended 30th November 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of Criffel Cleaning Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Criffel Cleaning Services Limited and state those matters that we have agreed to state to the board of directors of Criffel Cleaning Services Limited as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Criffel Cleaning Services Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Criffel Cleaning Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Criffel Cleaning Services Limited. You consider that Criffel Cleaning Services Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Criffel Cleaning Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Carson & Trotter
Chartered Accountants
123 Irish Street
Dumfries
DG1 2PE
15th April 2024
Criffel Cleaning Services Limited
Statement of financial position
30th November 2023
2023 2022
Note £ £ £ £
Fixed assets
Intangible assets 5 91,650 101,050
Tangible assets 6 52,095 64,304
_______ _______
143,745 165,354
Current assets
Stocks 12,936 11,945
Debtors 7 158,564 149,893
Cash at bank and in hand 111,888 104,840
_______ _______
283,388 266,678
Creditors: amounts falling due
within one year 8 ( 120,991) ( 139,836)
_______ _______
Net current assets 162,397 126,842
_______ _______
Total assets less current liabilities 306,142 292,196
Creditors: amounts falling due
after more than one year 9 ( 29,870) ( 44,432)
Provisions for liabilities ( 13,024) ( 12,218)
_______ _______
Net assets 263,248 235,546
_______ _______
Capital and reserves
Called up share capital 10 100 100
Profit and loss account 263,148 235,446
_______ _______
Shareholders funds 263,248 235,546
_______ _______
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 15 April 2024 , and are signed on behalf of the board by:
Mr J G McMeeken
Director
Company registration number: SC411784
Criffel Cleaning Services Limited
Notes to the financial statements
Year ended 30th November 2023
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Carson & Trotter, C.A., 123 Irish Street, Dumfries, DG1 2PE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - straight line over 20 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 20 % reducing balance
Fittings fixtures and equipment - 10 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 102 (2022: 104 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1st December 2022 and 30th November 2023 188,000 188,000
_______ _______
Amortisation
At 1st December 2022 86,950 86,950
Charge for the year 9,400 9,400
_______ _______
At 30th November 2023 96,350 96,350
_______ _______
Carrying amount
At 30th November 2023 91,650 91,650
_______ _______
At 30th November 2022 101,050 101,050
_______ _______
6. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1st December 2022 21,113 12,129 70,385 103,627
Additions 2,605 439 - 3,044
Disposals ( 905) ( 122) - ( 1,027)
_______ _______ _______ _______
At 30th November 2023 22,813 12,446 70,385 105,644
_______ _______ _______ _______
Depreciation
At 1st December 2022 10,710 4,226 24,387 39,323
Charge for the year 2,543 826 11,499 14,868
Disposals ( 609) ( 33) - ( 642)
_______ _______ _______ _______
At 30th November 2023 12,644 5,019 35,886 53,549
_______ _______ _______ _______
Carrying amount
At 30th November 2023 10,169 7,427 34,499 52,095
_______ _______ _______ _______
At 30th November 2022 10,403 7,903 45,998 64,304
_______ _______ _______ _______
7. Debtors
2023 2022
£ £
Trade debtors 158,564 149,893
_______ _______
8. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 10,000 18,976
Trade creditors 11,762 17,492
Corporation tax 34,784 16,485
Social security and other taxes 49,983 44,966
Other creditors 14,462 41,917
_______ _______
120,991 139,836
_______ _______
There is a floating charge in place against the property, assets and rights of the property in relation to borrowing facilities with the Clydesdale Bank Plc.
9. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans and overdrafts 24,167 34,167
Other creditors 5,703 10,265
_______ _______
29,870 44,432
_______ _______
10. Called up share capital
Issued, called up and fully paid
2023 2022
No £ No £
Ordinary shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______
11. Other financial commitments
Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £43,748 (2022 - £15,167).
12. Related party transactions
At the year end J G McMeeken, a director of the company, had amounts owing to him from the company of £3,523 (2022 - £31,613). Interest at a rate of 4.75% per annum is payable on 31st March. There are no fixed terms for repayment. Dividends of £42,300 have been paid to J G McMeeken in the year.N J McMeeken, a director of the company, had amounts owing to him from the company of £4,261 (2022 - £3,866) and received dividends of £28,200 in the year.