Registered number
SC558811
Spotless Property Services Ltd
Unaudited Filleted Accounts
31 March 2025
Spotless Property Services Ltd
Registered number: SC558811
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 23,455 28,538
Current assets
Stocks 6,910 2,672
Debtors 4 29,882 31,136
Cash at bank and in hand 12,063 8,790
48,855 42,598
Creditors: amounts falling due within one year 5 (37,922) (34,093)
Net current assets 10,933 8,505
Total assets less current liabilities 34,388 37,043
Creditors: amounts falling due after more than one year 6 (2,767) (10,456)
Net assets 31,621 26,587
Capital and reserves
Called up share capital 4 4
Profit and loss account 31,617 26,583
Shareholders' funds 31,621 26,587
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 members have 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.
Alasdair J Ingram
Director
Approved by the board on 8 June 2025
Spotless Property Services Ltd
Notes to the Accounts
for the year ended 31 March 2025
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:
Plant & machinery - including carpet cleaning equipment, chimney related equipment, mowers, strimmers, office equipment, chainsaws, tools & trailer over 4 years
Plant & machinery - Starlink kit over 10 years
Plant & machinery - Moveable mezzanine decking over 20 years
Motor vehicles - commercial vans 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
At 1 April 2024 44,418 45,017 89,435
Additions 3,525 - 3,525
Disposals (3,367) - (3,367)
At 31 March 2025 44,576 45,017 89,593
Depreciation
At 1 April 2024 35,289 25,608 60,897
Charge for the year 3,195 4,852 8,047
On disposals (2,806) - (2,806)
At 31 March 2025 35,678 30,460 66,138
Net book value
At 31 March 2025 8,898 14,557 23,455
At 31 March 2024 9,129 19,409 28,538
4 Debtors 2025 2024
£ £
Trade debtors 27,297 13,885
Other taxes & social security 1,123 1,139
Prepayments & accrued Income 1,462 16,112
29,882 31,136
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans 7,159 6,585
Wages payable 2,293 734
Trade creditors 13,790 16,087
Accruals 1,468 1,247
Corporation tax 5,453 5,093
VAT payable 6,537 2,822
Deferred tax 1,222 1,525
37,922 34,093
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans - 7,159
Deferred tax 2,767 3,297
2,767 10,456
7 Other information
Spotless Property Services Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
1 Strongarbh Park
Strongarbh
Tobermory
Isle of Mull
PA75 6RB
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