Company registration number SC350793 (Scotland)
Aberdeen Laundry Services Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 December 2023
PAGES FOR FILING WITH REGISTRAR
Aberdeen Laundry Services Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
Aberdeen Laundry Services Limited
Statement of financial position
as at 31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
793,912
792,741
Current assets
Debtors
5
768,826
592,381
Cash at bank and in hand
1,611,322
865,046
2,380,148
1,457,427
Creditors: amounts falling due within one year
6
(1,148,999)
(638,000)
Net current assets
1,231,149
819,427
Total assets less current liabilities
2,061,656
1,700,193
Creditors: amounts falling due after more than one year
7
(29,251)
(358,122)
Provisions for liabilities
9
(168,583)
(123,063)
Net assets
1,863,822
1,219,008
Capital and reserves
Called up share capital
28,100
28,100
Profit and loss reserves
1,835,722
1,190,908
Total equity
1,863,822
1,219,008
Aberdeen Laundry Services Limited
Statement of financial position (continued)
as at 31 December 2023
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The financial statements were approved and signed by the director and authorised for issue on 18 September 2024
S Khandelwal
Director
Company Registration No. SC350793
Aberdeen Laundry Services Limited
Notes to the financial statements
for the year ended 31 December 2023
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Turnover represents the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised upon the provision of goods and services.

Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Franchise Costs
over the life of the franchise
Development Costs
5 years straight line
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
Straight line over the life of the lease
Plant and machinery
10% straight line
Fixtures, fittings & equipment
33% straight line
Motor vehicles
25% reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Aberdeen Laundry Services Limited
Notes to the financial statements (continued)
for the year ended 31 December 2023
1
Accounting policies
(continued)
- 4 -
Deferred tax

Deferred tax is recognised on all timing differences between the carrying amount of of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is then settled or the asset realised, based on the tax rates that have been enacted or substantively enacted by the end of the reporting period.

Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Government grants

Government grants are recognised at the fair value of the asset received and are recognised over the same period in which related costs are incurred.

 

Government grants relate to Coronavirus Job Retention Scheme (CJRS) funding of staff who have been furloughed due to Covid-19. These revenue-based grants are recognised over the same period in which the related costs are incurred.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
82
55
3
Intangible fixed assets
Goodwill
Franchise Costs
Development Costs
Total
£
£
£
£
Cost
At 1 January 2023 and 31 December 2023
59,450
27,500
377,907
464,857
Amortisation and impairment
At 1 January 2023
59,450
14,854
302,528
376,832
Amortisation charged for the year
-
0
4,694
46,736
51,430
At 31 December 2023
59,450
19,548
349,264
428,262
Carrying amount
At 31 December 2023
-
0
7,952
28,643
36,595
At 31 December 2022
-
0
12,646
75,379
88,025
Aberdeen Laundry Services Limited
Notes to the financial statements (continued)
for the year ended 31 December 2023
- 5 -
4
Tangible fixed assets
Leasehold land and buildings
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2023
231,713
1,501,972
130,961
436,032
2,300,678
Additions
-
0
99,200
84,401
97,515
281,116
Disposals
(115,000)
-
0
-
0
(90,942)
(205,942)
At 31 December 2023
116,713
1,601,172
215,362
442,605
2,375,852
Depreciation and impairment
At 1 January 2023
100,977
1,023,181
82,681
301,098
1,507,937
Depreciation charged in the year
16,896
82,405
9,221
54,387
162,909
Eliminated in respect of disposals
(24,917)
-
0
-
0
(63,989)
(88,906)
At 31 December 2023
92,956
1,105,586
91,902
291,496
1,581,940
Carrying amount
At 31 December 2023
23,757
495,586
123,460
151,109
793,912
At 31 December 2022
130,736
478,791
48,280
134,934
792,741
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
713,409
550,743
Other debtors
42,140
41,638
Prepayments and accrued income
13,277
-
0
768,826
592,381
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
-
0
50,167
Obligations under hire purchases
135,301
116,918
Trade creditors
276,139
244,430
Amounts due to group undertakings
188,884
-
0
Corporation tax
77,621
41,571
Other taxation and social security
150,662
113,058
Other creditors
63,084
63,084
Accruals and deferred income
257,308
8,772
1,148,999
638,000

The obligations under hire purchases are secured against the assets to which they relate.

Aberdeen Laundry Services Limited
Notes to the financial statements (continued)
for the year ended 31 December 2023
- 6 -
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
-
0
99,974
Obligations under hire purchases
21,763
180,169
Other borrowings
7,488
77,979
29,251
358,122

The obligations under hire purchases are secured against the assets to which they relate.

8
Provisions for liabilities
2023
2022
£
£
Deferred tax liabilities
168,583
123,063
9
Controlling party

The company's parent company is ALS Group Holdings Limited, a company registered in Scotland, whose registered office is situated at 252 Union Street, Aberdeen, Scotland, AB10 1TN.

10
Company information

Aberdeen Laundry Services Limited is a private company limited by shares incorporated in Scotland. The registered office is Amicable House, 252 Union Street, Aberdeen, Scotland, AB10 1TN.

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