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REGISTERED NUMBER: SC227534 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ACF CLEANING LIMITED

ACF CLEANING LIMITED (REGISTERED NUMBER: SC227534)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


ACF CLEANING LIMITED (REGISTERED NUMBER: SC227534)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 730,663 752,433
730,663 752,433

CURRENT ASSETS
Stocks 6 101,791 521,790
Debtors 7 866,989 879,493
Cash at bank and in hand 137,120 238,072
1,105,900 1,639,355
CREDITORS
Amounts falling due within one year 8 669,525 1,295,197
NET CURRENT ASSETS 436,375 344,158
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,167,038

1,096,591

CREDITORS
Amounts falling due after more than one
year

9

(392,882

)

(536,314

)

PROVISIONS FOR LIABILITIES (152,122 ) (109,918 )
NET ASSETS 622,034 450,359

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 621,934 450,259
SHAREHOLDERS' FUNDS 622,034 450,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ACF CLEANING LIMITED (REGISTERED NUMBER: SC227534)

BALANCE SHEET - continued
31 March 2024


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 director and authorised for issue on 26 September 2024 and were signed by:





A C Forbes - Director


ACF CLEANING LIMITED (REGISTERED NUMBER: SC227534)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Acf Cleaning Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC227534

Registered office: Unit 5 Commercial Centre
Stirling Enterprise Park
Stirling
FK7 7BF

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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of five years.

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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.


ACF CLEANING LIMITED (REGISTERED NUMBER: SC227534)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 139 (2023 - 187 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 7,500
AMORTISATION
At 1 April 2023
and 31 March 2024 7,500
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

ACF CLEANING LIMITED (REGISTERED NUMBER: SC227534)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 97,634 1,180,434 14,850
Additions - 26,465 -
At 31 March 2024 97,634 1,206,899 14,850
DEPRECIATION
At 1 April 2023 73,502 698,679 14,074
Charge for year 4,827 122,314 155
At 31 March 2024 78,329 820,993 14,229
NET BOOK VALUE
At 31 March 2024 19,305 385,906 621
At 31 March 2023 24,132 481,755 776

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 303,429 7,017 1,603,364
Additions 144,945 4,436 175,846
At 31 March 2024 448,374 11,453 1,779,210
DEPRECIATION
At 1 April 2023 58,730 5,946 850,931
Charge for year 69,219 1,101 197,616
At 31 March 2024 127,949 7,047 1,048,547
NET BOOK VALUE
At 31 March 2024 320,425 4,406 730,663
At 31 March 2023 244,699 1,071 752,433

ACF CLEANING LIMITED (REGISTERED NUMBER: SC227534)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 609,454 291,039 900,493
Additions - 144,945 144,945
At 31 March 2024 609,454 435,984 1,045,438
DEPRECIATION
At 1 April 2023 241,912 51,567 293,479
Charge for year 91,885 67,912 159,797
At 31 March 2024 333,797 119,479 453,276
NET BOOK VALUE
At 31 March 2024 275,657 316,505 592,162
At 31 March 2023 367,542 239,472 607,014

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 101,791 521,790

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 866,989 879,493

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 10) 88,683 93,052
Other loans (see note 10) 7,814 20,824
Hire purchase contracts 190,552 199,167
Trade creditors 279,805 293,555
Tax 27,085 (3,153 )
Social security and other taxes 32,440 26,963
Pension creditor 12,142 13,789
VAT 206,891 456,118
Other creditors 5,975 4,931
Inter-company loans (352,463 ) 32,838
Directors' current accounts 14,315 -
Accrued expenses 156,286 157,113
669,525 1,295,197

ACF CLEANING LIMITED (REGISTERED NUMBER: SC227534)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 10) 148,445 234,778
Other loans (see note 10) - 3,471
Hire purchase contracts 244,437 298,065
392,882 536,314

10. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 88,683 93,052
Other loans 7,814 20,824
96,497 113,876

Amounts falling due between two and five years:
Bank loans - 2-5 years 148,445 234,778
Other loans - 2-5 years - 3,471
148,445 238,249

11. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 237,128 327,830

There is a bond and floating charge for securing all sums due or to become due in favour of the Royal Bank of Scotland.

12. RELATED PARTY DISCLOSURES

ACF Properties Ltd

A company in which A C Forbes is a Director.

Amount due from ACF Properties Ltd at the balance sheet date: £352,463 (2023: (£32,838)).

13. ULTIMATE CONTROLLING PARTY

The company was wholly owned and controlled by A C Forbes & M Forbes until 14/11/22 after which the company is wholly owned and controlled by A C Forbes.