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REGISTERED NUMBER: 01023871 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

THAMES VALLEY CLEANING LIMITED

THAMES VALLEY CLEANING LIMITED (REGISTERED NUMBER: 01023871)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THAMES VALLEY CLEANING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: A M Findlay





REGISTERED OFFICE: Unit 5a Bridgewater Close
Reading
Berkshire
RG30 1JT





REGISTERED NUMBER: 01023871 (England and Wales)

THAMES VALLEY CLEANING LIMITED (REGISTERED NUMBER: 01023871)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 516,862 556,748

CURRENT ASSETS
Debtors 5 197,715 241,680
Cash at bank 55,472 16,434
253,187 258,114
CREDITORS
Amounts falling due within one year 6 203,269 192,758
NET CURRENT ASSETS 49,918 65,356
TOTAL ASSETS LESS CURRENT
LIABILITIES

566,780

622,104

CREDITORS
Amounts falling due after more than one
year

7

(51,051

)

(92,627

)

PROVISIONS FOR LIABILITIES (33,714 ) (35,448 )
NET ASSETS 482,015 494,029

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 287,309 298,248
Retained earnings 193,706 194,781
SHAREHOLDERS' FUNDS 482,015 494,029

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

THAMES VALLEY CLEANING LIMITED (REGISTERED NUMBER: 01023871)

BALANCE SHEET - continued
30 APRIL 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:





A M Findlay - Director


THAMES VALLEY CLEANING LIMITED (REGISTERED NUMBER: 01023871)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Thames Valley Cleaning Limited is a limited company incorporated in England and Wales and has its registered office and principal place of business at Unit 5a Bridgewater Close, Reading, Berkshire, RG30 1JT.

The company is a subsidiary undertaking of TVC Holdings Limited registered in England and Wales.

The principal activity of the company is that of industrial, commercial and contract cleaning supplies.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention.

The financial statements are presented in Sterling, which is also the functional currency of the company.

Going concern
The directors are not aware of any material uncertainties that may cast significant doubt over the ability of the company to continue trading. The preparation of the financial statements on the going concern basis is therefore deemed appropriate.

Turnover
Revenue (described as Turnover) is the amount receivable for services rendered, net of returns, discounts and value added tax. Revenue is measured at the fair value of consideration received or receivable and is recognised at the point the service is delivered.

Tangible fixed assets
Tangible fixed assets held for the company's own use are initially stated at cost less accumulated depreciation and accumulated impairment losses. Tangible fixed assets are subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives as below:

Freehold property- 2% on cost
Plant and machinery- 25% on cost
Fixtures and fittings- 25% on cost
Motor vehicles- 25% on reducing balance

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss, if any.

THAMES VALLEY CLEANING LIMITED (REGISTERED NUMBER: 01023871)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Financial assets and liabilities
Trade and other debtors are initially recognised at transaction price and are subsequently remeasured to amortised cost using the effective interest method, less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within current liabilities.

Trade and other creditors are initially recognised at transaction price and are subsequently remeasured to amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation
Tax on profit represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from the profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the year.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities and the corresponding tax bases used to compute taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for temporary differences to the extent that it is probable that taxable profits will be available to utilise the timing difference.

Deferred tax liabilities and assets are measured at tax rates that are expected to apply in the period the liability is settled or the asset realised. The measurement of deferred tax liabilities and assets reflects the tax consequences in which the company expects to recover or settle the underlying amount of its assets and liabilities.

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.

Pension costs and other post-retirement benefits
The obligation for contributions to defined benefit contribution schemes are recognised as an expense as incurred. The assets of the scheme are held separately from those of the company in an independent administered fund.

THAMES VALLEY CLEANING LIMITED (REGISTERED NUMBER: 01023871)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 100 (2023 - 120 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 May 2023 500,000 24,370 18,719 136,017 679,106
Additions - 569 1,166 38,339 40,074
Disposals - - - (96,346 ) (96,346 )
At 30 April 2024 500,000 24,939 19,885 78,010 622,834
DEPRECIATION
At 1 May 2023 29,511 19,678 13,606 59,563 122,358
Charge for year 14,761 2,647 1,790 12,576 31,774
Eliminated on disposal - - - (48,160 ) (48,160 )
At 30 April 2024 44,272 22,325 15,396 23,979 105,972
NET BOOK VALUE
At 30 April 2024 455,728 2,614 4,489 54,031 516,862
At 30 April 2023 470,489 4,692 5,113 76,454 556,748

Included in cost or valuation of land and buildings is freehold land of £ 116,225 (2023 - £ 116,225 ) which is not depreciated.

Cost or valuation at 30 April 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2021 293,477 - 293,477
Cost 206,523 122,834 329,357
500,000 122,834 622,834

THAMES VALLEY CLEANING LIMITED (REGISTERED NUMBER: 01023871)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 206,523 206,523
Aggregate depreciation 77,703 73,881

Value of land in freehold land and buildings 40,929 40,929

Freehold land and buildings were valued on an open market basis on 30 April 2021 by the director .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
At 1 May 2023 101,398
Additions 38,339
Disposals (78,250 )
At 30 April 2024 61,487
DEPRECIATION
At 1 May 2023 37,709
Charge for year 10,339
Eliminated on disposal (36,744 )
At 30 April 2024 11,304
NET BOOK VALUE
At 30 April 2024 50,183
At 30 April 2023 63,689

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 197,715 241,237
Other debtors - 443
197,715 241,680

THAMES VALLEY CLEANING LIMITED (REGISTERED NUMBER: 01023871)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 36,626 18,000
Hire purchase contracts 6,872 7,895
Trade creditors 14,329 19,026
Taxation and social security 112,563 112,802
Other creditors 32,879 35,035
203,269 192,758

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 18,000 36,000
Hire purchase contracts 33,051 56,627
51,051 92,627

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 39,923 64,522

9. CONTINGENT LIABILITIES

The company has given a cross guarantee and debenture to secure bank borrowings of its parent undertaking, TVC Holdings Limited. This security is supported by a legal charge over land and buildings. The total amount secured by this arrangement at the balance sheet date is £184,087 (2023 - £203,196).