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REGISTERED NUMBER: 14633232 (England and Wales)















Unaudited Financial Statements

for the Period 1 February 2023 to 29 February 2024

for

Grace Professional Cleaning Services
Limited

Grace Professional Cleaning Services
Limited (Registered number: 14633232)






Contents of the Financial Statements
for the Period 1 February 2023 to 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Grace Professional Cleaning Services
Limited

Company Information
for the Period 1 February 2023 to 29 February 2024







DIRECTOR: Mr T T Teklemariam





REGISTERED OFFICE: Suite 3b
Kings House
1 King Street
Leeds
LS1 2HH





REGISTERED NUMBER: 14633232 (England and Wales)





ACCOUNTANTS: Aysgarth Chartered Accountants
Suite 3b
Kings House
1 King Street
Leeds
LS1 2HH

Grace Professional Cleaning Services
Limited (Registered number: 14633232)

Balance Sheet
29 February 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 15,391

CURRENT ASSETS
Stocks 200
Debtors 5 19,010
Cash at bank 1,335
20,545
CREDITORS
Amounts falling due within one year 6 26,272
NET CURRENT LIABILITIES (5,727 )
TOTAL ASSETS LESS CURRENT LIABILITIES 9,664

CREDITORS
Amounts falling due after more than one
year

7

21,472
NET LIABILITIES (11,808 )

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings (11,809 )
(11,808 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 February 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.

Grace Professional Cleaning Services
Limited (Registered number: 14633232)

Balance Sheet - continued
29 February 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 25 November 2024 and were signed by:





Mr T T Teklemariam - Director


Grace Professional Cleaning Services
Limited (Registered number: 14633232)

Notes to the Financial Statements
for the Period 1 February 2023 to 29 February 2024

1. STATUTORY INFORMATION

Grace Professional 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.

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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost

All tangible fixed assets are recorded at cost, being purchase price, less accumulated depreciation.

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 period 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 period 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.

Grace Professional Cleaning Services
Limited (Registered number: 14633232)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 29 February 2024

2. ACCOUNTING POLICIES - continued

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 period was 8 .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 30,836
Disposals (10,313 )
At 29 February 2024 20,523
DEPRECIATION
Charge for period 15,445
Eliminated on disposal (10,313 )
At 29 February 2024 5,132
NET BOOK VALUE
At 29 February 2024 15,391

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 3,619
Other debtors 15,391
19,010

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 8,225
Hire purchase contracts 4,142
Trade creditors 4,696
Taxation and social security 5,826
Other creditors 3,383
26,272

Grace Professional Cleaning Services
Limited (Registered number: 14633232)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 5,000
Hire purchase contracts 16,472
21,472

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Hire purchase contracts 20,614

9. RELATED PARTY DISCLOSURES

Included in other debtors is a loan to Ethiopian Organic Coffee Ltd for £11,388, a company that the director and his wife control.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr T T Teklemariam.