IRIS Accounts Production v24.3.0.553 06136290 Board of Directors 1.4.23 31.3.24 31.3.24 25.9.24 false true false false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh061362902023-03-31061362902024-03-31061362902023-04-012024-03-31061362902022-03-31061362902022-04-012023-03-31061362902023-03-3106136290ns15:EnglandWales2023-04-012024-03-3106136290ns14:PoundSterling2023-04-012024-03-3106136290ns10:Director12023-04-012024-03-3106136290ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106136290ns10:SmallEntities2023-04-012024-03-3106136290ns10:Audited2023-04-012024-03-3106136290ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106136290ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106136290ns10:FullAccounts2023-04-012024-03-310613629012023-04-012024-03-3106136290ns10:Director22023-04-012024-03-3106136290ns10:RegisteredOffice2023-04-012024-03-3106136290ns5:CurrentFinancialInstruments2024-03-3106136290ns5:CurrentFinancialInstruments2023-03-3106136290ns5:Non-currentFinancialInstruments2024-03-3106136290ns5:Non-currentFinancialInstruments2023-03-3106136290ns5:ShareCapital2024-03-3106136290ns5:ShareCapital2023-03-3106136290ns5:RetainedEarningsAccumulatedLosses2024-03-3106136290ns5:RetainedEarningsAccumulatedLosses2023-03-3106136290ns5:NetGoodwill2023-04-012024-03-3106136290ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3106136290ns5:PlantMachinery2023-04-012024-03-3106136290ns5:NetGoodwill2023-03-3106136290ns5:NetGoodwill2024-03-3106136290ns5:NetGoodwill2023-03-3106136290ns5:PlantMachinery2023-03-3106136290ns5:PlantMachinery2024-03-3106136290ns5:PlantMachinery2023-03-3106136290ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3106136290ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 06136290 (England and Wales)










CARDIFF CLEANING SERVICES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






CARDIFF CLEANING SERVICES LIMITED (REGISTERED NUMBER: 06136290)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CARDIFF CLEANING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M J Cole
E R W Hilton





REGISTERED OFFICE: Suite 7 And 8
First Floor Moy Road Business Centre
Moy Road , Taffs Well
Cardiff
South Glamorgan
CF15 7QR





REGISTERED NUMBER: 06136290 (England and Wales)





AUDITORS: Bevan Buckland LLP (Statutory Auditors)
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA

CARDIFF CLEANING SERVICES LIMITED (REGISTERED NUMBER: 06136290)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 148,025 163,025
Tangible assets 5 10,773 16,060
158,798 179,085

CURRENT ASSETS
Stocks - 723
Debtors 6 346,767 372,827
Cash at bank 14,048 2,754
360,815 376,304
CREDITORS
Amounts falling due within one year 7 553,264 561,718
NET CURRENT LIABILITIES (192,449 ) (185,414 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(33,651

)

(6,329

)

CREDITORS
Amounts falling due after more than one
year

8

44,952

118,589
NET LIABILITIES (78,603 ) (124,918 )

CAPITAL AND RESERVES
Called up share capital 145,000 145,000
Retained earnings (223,603 ) (269,918 )
SHAREHOLDERS' FUNDS (78,603 ) (124,918 )

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 25 September 2024 and were signed on its behalf by:




M J Cole - Director


CARDIFF CLEANING SERVICES LIMITED (REGISTERED NUMBER: 06136290)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Cardiff Cleaning Services 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.

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 goods supplied and services rendered to customers, excluding discounts, rebates, value added tax and other sales tax.

Turnover relating to cleaning income is recognised in the period the cleaning was performed.

Turnover relating to consumables sold is recognised upon despatch of the goods.

Invoice discounting
The company has in place an invoice discount facility based on the value of trade receivables. Under this arrangement the group has retained both the credit and late payment risk associated with the receivables. As the company has retained substantially all the risk and rewards of ownership of the receivables, it continues to recognise the receivables in the balance sheet with advances from the facility treated as a separate liability.
The expenses associated with this facility are charged to profit or loss in the period to which they relate.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years from one year after acquisition.

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.
Plant and machinery etc - 25% reducing balance

CARDIFF CLEANING SERVICES LIMITED (REGISTERED NUMBER: 06136290)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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.

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.

CARDIFF CLEANING SERVICES LIMITED (REGISTERED NUMBER: 06136290)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation (legal and constructive) resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and
assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the
amounts reported for revenues and expenses during the year. However, the nature of estimation means that
actual outcomes could differ from those estimates. The directors of the Company believe there to be no Significant Estimates or Judgements.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12
'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Trade debtors, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loans and receivables are measured at amortised cost using the effective interest method, less any impairment.

Interest is recognised by applying the effective interest rate, except for short-term receivables when the
recognition of interest would be immaterial. The effective interest method is a method of calculating the
amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the debt instrument to the net carrying amount on initial recognition.

CARDIFF CLEANING SERVICES LIMITED (REGISTERED NUMBER: 06136290)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of
impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that
occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was
recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of
ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities
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 assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 assets of the company after deducting all of its liabilities.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or
cancelled.

CARDIFF CLEANING SERVICES LIMITED (REGISTERED NUMBER: 06136290)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.
Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 155 (2023 - 152 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 463,025
AMORTISATION
At 1 April 2023 300,000
Charge for year 15,000
At 31 March 2024 315,000
NET BOOK VALUE
At 31 March 2024 148,025
At 31 March 2023 163,025

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 21,822
DEPRECIATION
At 1 April 2023 5,762
Charge for year 5,287
At 31 March 2024 11,049
NET BOOK VALUE
At 31 March 2024 10,773
At 31 March 2023 16,060

CARDIFF CLEANING SERVICES LIMITED (REGISTERED NUMBER: 06136290)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 341,581 365,529
Other debtors 5,186 7,298
346,767 372,827

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,410 5,692
Hire purchase contracts 337 4,020
Trade creditors 42,698 46,936
Amounts owed to group undertakings 223,113 204,500
Taxation and social security 78,124 95,256
Other creditors 201,582 205,314
553,264 561,718

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 37,193 44,939
Amounts owed to group undertakings - 63,074
Other creditors 7,759 10,576
44,952 118,589

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 22,172

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

The Report of the Auditors was unqualified.

Alison Vickers (Senior Statutory Auditor)
for and on behalf of Bevan Buckland LLP (Statutory Auditors)

10. ULTIMATE CONTROLLING PARTY

The controlling party is Platfform Enterprises Ltd, acompany registered in Wales.

The ultimate controlling party is Platfform for change, a charitable company registered in Wales.