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Company No: 11693786 (England and Wales)

SPOTLESS CLEANING CORNWALL LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

SPOTLESS CLEANING CORNWALL LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

SPOTLESS CLEANING CORNWALL LIMITED

BALANCE SHEET

As at 30 November 2024
SPOTLESS CLEANING CORNWALL LIMITED

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 68,824 84,571
68,824 84,571
Current assets
Stocks 1,000 1,000
Debtors 4 32,009 33,355
Cash at bank and in hand 500 500
33,509 34,855
Creditors: amounts falling due within one year 5 ( 79,944) ( 85,278)
Net current liabilities (46,435) (50,423)
Total assets less current liabilities 22,389 34,148
Creditors: amounts falling due after more than one year 6 ( 23,596) ( 35,039)
Provision for liabilities ( 15,785) ( 19,074)
Net liabilities ( 16,992) ( 19,965)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account ( 17,092 ) ( 20,065 )
Total shareholder's deficit ( 16,992) ( 19,965)

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

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Spotless Cleaning Cornwall Limited (registered number: 11693786) were approved and authorised for issue by the Director on 04 April 2025. They were signed on its behalf by:

Miss I M Ziarko
Director
SPOTLESS CLEANING CORNWALL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
SPOTLESS CLEANING CORNWALL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Spotless Cleaning Cornwall Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

The Company's business activities, together with the factors likely to affect its future development, performance and position are set out in the Director’s Report.

The Company's forecasts and projections, taking account of the continued possible impact of COVID-19 in trading performance, show that the company should be able to operate within the level of its current facilities.

Therefore, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of general cleaning services. Turnover is shown net of returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when :
The amount of revenue can be reliably measured;
it is probable that the future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings 6 years straight line
Plant and machinery 20 % reducing balance
Vehicles 15 % reducing balance
Office equipment 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Dividends

Dividends have been paid during the year on the basis of management accounts showing the company to be profitable.

Government grants

Revenue grants have been received in the year and have been written off to the profit and loss account. The company also received a capital grant which is being written off over the life of the asset.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 7 12

3. Tangible assets

Land and buildings Plant and machinery Vehicles Office equipment Total
£ £ £ £ £
Cost
At 01 December 2023 13,767 87,739 51,497 7,353 160,356
Additions 0 975 0 0 975
At 30 November 2024 13,767 88,714 51,497 7,353 161,331
Accumulated depreciation
At 01 December 2023 10,033 44,658 17,069 4,025 75,785
Charge for the financial year 2,295 8,763 5,164 500 16,722
At 30 November 2024 12,328 53,421 22,233 4,525 92,507
Net book value
At 30 November 2024 1,439 35,293 29,264 2,828 68,824
At 30 November 2023 3,734 43,081 34,428 3,328 84,571

4. Debtors

2024 2023
£ £
Trade debtors 845 3,090
Other debtors 31,164 30,265
32,009 33,355

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 30,041 34,406
Trade creditors 2,486 7,378
Taxation and social security 22,444 18,205
Obligations under finance leases and hire purchase contracts 6,553 5,905
Other creditors 18,420 19,384
79,944 85,278

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 7,587 12,711
Obligations under finance leases and hire purchase contracts 16,009 22,328
23,596 35,039

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

Transactions with the entity's director

2024 2023
£ £
I M Ziarko 24,199 24,988

During the year a total of £47,970 (2023 : £35,032 ) was advanced to the director. Also during the year the director repaid £48,759 (2023 : £50,995 ). At the balance sheet date the amount owing by the director to the company was £24,199 (2023 : £24,988 ).