Registered number
07514400
Guardian Cleaning Management Limited
Filleted Accounts
31 March 2024
Guardian Cleaning Management Limited
Registered number: 07514400
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 246,425 255,225
Tangible assets 4 8,805 7,652
Investments 5 133,630 133,630
388,860 396,507
Current assets
Debtors 6 356,355 251,481
Cash at bank and in hand 107,384 23,200
463,739 274,681
Creditors: amounts falling due within one year 7 (551,083) (521,310)
Net current liabilities (87,344) (246,629)
Total assets less current liabilities 301,516 149,878
Creditors: amounts falling due after more than one year 8 (82,911) (32,023)
Net assets 218,605 117,855
Capital and reserves
Called up share capital 13 13
Profit and loss account 218,592 117,842
Shareholder's funds 218,605 117,855
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A B Green
Director
Approved by the board on 12 December 2024
Guardian Cleaning Management Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 132 126
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 264,025
At 31 March 2024 264,025
Amortisation
At 1 April 2023 8,800
Provided during the year 8,800
At 31 March 2024 17,600
Net book value
At 31 March 2024 246,425
At 31 March 2023 255,225
Goodwill is being written off in equal annual instalments over its estimated economic life of 30 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 5,627 8,950 14,577
Additions 3,098 500 3,598
At 31 March 2024 8,725 9,450 18,175
Depreciation
At 1 April 2023 3,991 2,934 6,925
Charge for the year 207 2,238 2,445
At 31 March 2024 4,198 5,172 9,370
Net book value
At 31 March 2024 4,527 4,278 8,805
At 31 March 2023 1,636 6,016 7,652
5 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2023 133,630
At 31 March 2024 133,630
6 Debtors 2024 2023
£ £
Trade debtors 222,041 190,474
Amounts owed by group undertakings and undertakings in which the company has a participating interest 123,160 46,790
Other debtors 11,154 14,217
356,355 251,481
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 180,296 118,018
Trade creditors 21,597 22,917
Amounts owed to group undertakings and undertakings in which the company has a participating interest 215,431 263,353
Taxation and social security costs 40,673 33,615
Other creditors 93,086 83,407
551,083 521,310
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 82,911 32,023
9 Controlling party
TSC Consultants Limited, a company formed in England & Wales, is the holding company. The company considers A B Green and T Steel-Chauland, by virtue of their ownership of TSC Consultants Limited, to be its controlling party.
10 Other information
Guardian Cleaning Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 53/54 Mackley Industrial Estate
Henfield Road
Small Dole, Henfield
East Sussex
BN5 9XR
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