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REGISTERED NUMBER: SC213255 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DIRECT OFFICE CLEANING
LIMITED

DIRECT OFFICE CLEANING
LIMITED (REGISTERED NUMBER: SC213255)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIRECT OFFICE CLEANING
LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: Mrs R Green
Mr G Green





SECRETARY: Mrs R Green





REGISTERED OFFICE: 3E Wallace House
Maxwell Place
Stirling
FK8 1JU





REGISTERED NUMBER: SC213255 (Scotland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Wallace House
Maxwell Place
Stirling
FK8 1JU

DIRECT OFFICE CLEANING
LIMITED (REGISTERED NUMBER: SC213255)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 773 2,335

CURRENT ASSETS
Stocks 5 750 750
Debtors 6 32,205 24,823
Cash at bank - 8,040
32,955 33,613
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR

7

32,206

32,704
NET CURRENT ASSETS 749 909
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,522

3,244

PROVISIONS FOR LIABILITIES 8 147 444
NET ASSETS 1,375 2,800

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 375 1,800
SHAREHOLDERS' FUNDS 1,375 2,800

DIRECT OFFICE CLEANING
LIMITED (REGISTERED NUMBER: SC213255)

BALANCE SHEET - continued
31 March 2024


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 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





Mr G Green - Director


DIRECT OFFICE CLEANING
LIMITED (REGISTERED NUMBER: SC213255)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Direct Office Cleaning Limited is a private company, limited by shares , registered in Scotland. 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable in relation to contract cleaning services including grounds maintenance, 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 - 25% per annum on cost
Motor vehicles - 25% per annum reducing balance
Computer equipment - 20% per annum on cost

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

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

DIRECT OFFICE CLEANING
LIMITED (REGISTERED NUMBER: SC213255)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

DIRECT OFFICE CLEANING
LIMITED (REGISTERED NUMBER: SC213255)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 18,106 5,500 1,651 25,257
Additions 255 - - 255
Disposals (753 ) - - (753 )
At 31 March 2024 17,608 5,500 1,651 24,759
DEPRECIATION
At 1 April 2023 16,586 4,765 1,571 22,922
Charge for year 1,553 184 80 1,817
Eliminated on disposal (753 ) - - (753 )
At 31 March 2024 17,386 4,949 1,651 23,986
NET BOOK VALUE
At 31 March 2024 222 551 - 773
At 31 March 2023 1,520 735 80 2,335

5. STOCKS
2024 2023
£    £   
Stocks 750 750

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,565 24,723
Other debtors 6,640 100
32,205 24,823

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,126 -
Trade creditors 6,801 4,362
Taxation and social security 20,652 23,427
Other creditors 2,627 4,915
32,206 32,704

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 147 444

DIRECT OFFICE CLEANING
LIMITED (REGISTERED NUMBER: SC213255)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 444
Credit to Statement of Income and Retained Earnings during year (297 )
Balance at 31 March 2024 147

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to/(from) directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mrs R Green and Mr G Green
Balance outstanding at start of year (4,690 ) 10,893
Amounts advanced 34,052 35,413
Amounts repaid (22,832 ) (50,996 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,530 (4,690 )

Interest is charged at 2.25% on daily balances exceeding £10,000 and no terms of repayment have been agreed.