1 1 First Class Cleaning In Fife Ltd 12668426 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is cleaning services. Digita Accounts Production Advanced 6.30.9574.0 true 12668426 2023-07-01 2024-06-30 12668426 2024-06-30 12668426 bus:OrdinaryShareClass1 2024-06-30 12668426 core:CurrentFinancialInstruments 2024-06-30 12668426 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 12668426 core:BetweenTwoFiveYears 2024-06-30 12668426 core:MoreThanFiveYears 2024-06-30 12668426 core:WithinOneYear 2024-06-30 12668426 core:FurnitureFittingsToolsEquipment 2024-06-30 12668426 core:LandBuildings 2024-06-30 12668426 core:MotorVehicles 2024-06-30 12668426 bus:SmallEntities 2023-07-01 2024-06-30 12668426 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 12668426 bus:FilletedAccounts 2023-07-01 2024-06-30 12668426 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12668426 bus:RegisteredOffice 2023-07-01 2024-06-30 12668426 bus:Director1 2023-07-01 2024-06-30 12668426 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 12668426 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12668426 bus:Agent1 2023-07-01 2024-06-30 12668426 core:Buildings 2023-07-01 2024-06-30 12668426 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 12668426 core:LandBuildings 2023-07-01 2024-06-30 12668426 core:MotorVehicles 2023-07-01 2024-06-30 12668426 countries:England 2023-07-01 2024-06-30 12668426 2023-06-30 12668426 core:FurnitureFittingsToolsEquipment 2023-06-30 12668426 core:LandBuildings 2023-06-30 12668426 core:MotorVehicles 2023-06-30 12668426 2022-07-01 2023-06-30 12668426 2023-06-30 12668426 bus:OrdinaryShareClass1 2023-06-30 12668426 core:CurrentFinancialInstruments 2023-06-30 12668426 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 12668426 core:BetweenTwoFiveYears 2023-06-30 12668426 core:MoreThanFiveYears 2023-06-30 12668426 core:WithinOneYear 2023-06-30 12668426 core:FurnitureFittingsToolsEquipment 2023-06-30 12668426 core:LandBuildings 2023-06-30 12668426 core:MotorVehicles 2023-06-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 12668426

First Class Cleaning In Fife Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

First Class Cleaning In Fife Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

First Class Cleaning In Fife Ltd

Company Information

Director

Louise Coyne

Registered office



Registration number

128 City Road
London
EC1V 2NX

12668426
 

Accountants

Brown, Scott & Main
Chartered Accountants31 Townsend Place
Kirkcaldy
Fife
KY1 1HB

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
First Class Cleaning In Fife Ltd
for the Year Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of First Class Cleaning In Fife Ltd for the year ended 30 June 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance

This report is made solely to you, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial information of First Class Cleaning In Fife Ltd and state those matters that we have agreed to state to you in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company for our work or for this report.

It is your duty to ensure that First Class Cleaning In Fife Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of First Class Cleaning In Fife Ltd. You consider that First Class Cleaning In Fife Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of First Class Cleaning In Fife Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Brown, Scott & Main
Chartered Accountants
31 Townsend Place
Kirkcaldy
Fife
KY1 1HB

5 March 2025

 

First Class Cleaning In Fife Ltd

(Registration number: 12668426)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

12,740

9,638

Current assets

 

Debtors

6

5,865

6,579

Cash at bank and in hand

 

14,402

9,544

 

20,267

16,123

Creditors: Amounts falling due within one year

7

(14,320)

(10,869)

Net current assets

 

5,947

5,254

Total assets less current liabilities

 

18,687

14,892

Provisions for liabilities

9

(2,589)

(1,270)

Net assets

 

16,098

13,622

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

16,097

13,621

Shareholders' funds

 

16,098

13,622

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 March 2025
 

.........................................
Louise Coyne
Director

 

First Class Cleaning In Fife Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The Company's functional and presentation currency is the pound sterling.

The address of its registered office is:
128 City Road
London
EC1V 2NX

These financial statements were authorised for issue by the director on 4 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax and discounts.

The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost less residual value of assets over their estimated useful lives, as follows:

 

First Class Cleaning In Fife Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

2

Accounting policies (continued)

Asset class

Depreciation method and rate

Buildings

10% straight line

Fixtures & equipment

20% straight line

Motor vehicles

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors 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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

The company operates a defined contribution plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

4

Taxation

The tax charge on the profit for the year was as follows:

2024

2023

£

£

Corporation tax charge

903

986

Deferred tax

1,319

(460)

2,222

526

 

First Class Cleaning In Fife Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost

At 1 July 2023

5,694

3,581

5,700

14,975

Additions

-

-

8,994

8,994

Disposals

-

-

(5,700)

(5,700)

At 30 June 2024

5,694

3,581

8,994

18,269

Depreciation

At 1 July 2023

719

1,649

2,969

5,337

Charge for the year

570

717

1,874

3,161

Eliminated on disposal

-

-

(2,969)

(2,969)

At 30 June 2024

1,289

2,366

1,874

5,529

Carrying amount

At 30 June 2024

4,405

1,215

7,120

12,740

At 30 June 2023

4,975

1,932

2,731

9,638

6

Debtors

2024
£

2023
£

Other debtors

5,865

6,579

5,865

6,579

 

First Class Cleaning In Fife Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

6,975

5,991

Accruals and deferred income

3,671

3,280

Other creditors

3,674

1,598

14,320

10,869

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       
 

9

Provision for liabilities

2024

2023

Deferred tax

£

£

At

1 July 2023

1,270

1,730

Charge for the year

1,319

(460)

At

30 June 2024

2,589

1,270

10

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

2,925

2,925

Later than one year and not later than five years

11,701

11,701

Later than five years

4,876

7,801

19,502

22,427

The amount of non-cancellable operating lease payments recognised as an expense during the year was £2,925 (2023 - £975).

 

First Class Cleaning In Fife Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

11

Dividends

2024

2023

£

£

Interim dividend of £3,000.00 (2023 - £Nil) per ordinary share

3,000

-