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REGISTERED NUMBER: SC423333 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Abby Cleaning (Scotland) Ltd

Abby Cleaning (Scotland) Ltd (Registered number: SC423333)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Abby Cleaning (Scotland) Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: R J May





REGISTERED OFFICE: Pavilion 2
Finneston Business Park
Minerva Way
Glasgow
G3 8AU





REGISTERED NUMBER: SC423333 (Scotland)





ACCOUNTANTS: Advantage Accounting (Scotland) Ltd
Pavilion 2
Finnieston Business Park
Minerva Way
Glasgow
G3 8AU

Abby Cleaning (Scotland) Ltd (Registered number: SC423333)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,334 436,383
Tangible assets 5 237,451 329,840
240,785 766,223

CURRENT ASSETS
Stocks 9,600 10,000
Debtors 6 781,730 1,052,662
Cash at bank 65,891 80,741
857,221 1,143,403
CREDITORS
Amounts falling due within one year 7 811,728 894,805
NET CURRENT ASSETS 45,493 248,598
TOTAL ASSETS LESS CURRENT
LIABILITIES

286,278

1,014,821

CREDITORS
Amounts falling due after more than one
year

8

69,700

907,322
NET ASSETS 216,578 107,499

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 216,574 107,495
SHAREHOLDERS' FUNDS 216,578 107,499

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Abby Cleaning (Scotland) Ltd (Registered number: SC423333)

Balance Sheet - continued
31 May 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 26 February 2025 and were signed by:





R J May - Director


Abby Cleaning (Scotland) Ltd (Registered number: SC423333)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Abby Cleaning (Scotland) Ltd 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.

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.

Goodwill
Goodwill, being the amount paid in connection of the acquisition of cleaning contracts in 2023, is being amortised evenly over its estimated useful life of ten years.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

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% on reducing balance

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.

Abby Cleaning (Scotland) Ltd (Registered number: SC423333)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 287 (2023 - 216 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 June 2023 480,703 4,167 484,870
Impairments (432,633 ) - (432,633 )
At 31 May 2024 48,070 4,167 52,237
AMORTISATION
At 1 June 2023 48,070 417 48,487
Charge for year - 416 416
At 31 May 2024 48,070 833 48,903
NET BOOK VALUE
At 31 May 2024 - 3,334 3,334
At 31 May 2023 432,633 3,750 436,383

Abby Cleaning (Scotland) Ltd (Registered number: SC423333)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 632,442
Additions 1,395
At 31 May 2024 633,837
DEPRECIATION
At 1 June 2023 302,602
Charge for year 93,784
At 31 May 2024 396,386
NET BOOK VALUE
At 31 May 2024 237,451
At 31 May 2023 329,840

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 705,255 865,858
Other debtors 76,475 186,804
781,730 1,052,662

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 54,242 49,999
Trade creditors 287,674 307,556
Amounts owed to group undertakings - 160,564
Taxation and social security 237,717 160,005
Other creditors 232,095 216,681
811,728 894,805

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 16,667 66,667
Other creditors 53,033 840,655
69,700 907,322

9. SECURED DEBTS

Close Invoice Finance Limited holds a floating charge over the assets of the company.