Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 08671757 Mrs Belinda Gibson Mr Scott Gibson Mr Philip Livett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08671757 2023-09-30 08671757 2024-09-30 08671757 2023-10-01 2024-09-30 08671757 frs-core:CurrentFinancialInstruments 2024-09-30 08671757 frs-core:Non-currentFinancialInstruments 2024-09-30 08671757 frs-core:ComputerEquipment 2024-09-30 08671757 frs-core:ComputerEquipment 2023-10-01 2024-09-30 08671757 frs-core:ComputerEquipment 2023-09-30 08671757 frs-core:FurnitureFittings 2024-09-30 08671757 frs-core:FurnitureFittings 2023-10-01 2024-09-30 08671757 frs-core:FurnitureFittings 2023-09-30 08671757 frs-core:MotorVehicles 2024-09-30 08671757 frs-core:MotorVehicles 2023-10-01 2024-09-30 08671757 frs-core:MotorVehicles 2023-09-30 08671757 frs-core:PlantMachinery 2024-09-30 08671757 frs-core:PlantMachinery 2023-10-01 2024-09-30 08671757 frs-core:PlantMachinery 2023-09-30 08671757 frs-core:ShareCapital 2024-09-30 08671757 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 08671757 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08671757 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 08671757 frs-bus:SmallEntities 2023-10-01 2024-09-30 08671757 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08671757 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 08671757 frs-bus:Director1 2023-10-01 2024-09-30 08671757 frs-bus:Director1 2023-09-30 08671757 frs-bus:Director1 2024-09-30 08671757 frs-bus:Director2 2023-10-01 2024-09-30 08671757 frs-bus:Director2 2023-09-30 08671757 frs-bus:Director2 2024-09-30 08671757 frs-bus:Director3 2023-10-01 2024-09-30 08671757 1 2023-10-01 2024-09-30 08671757 frs-core:CurrentFinancialInstruments 1 2024-09-30 08671757 frs-countries:EnglandWales 2023-10-01 2024-09-30 08671757 2022-09-30 08671757 2023-09-30 08671757 2022-10-01 2023-09-30 08671757 frs-core:CurrentFinancialInstruments 2023-09-30 08671757 frs-core:Non-currentFinancialInstruments 2023-09-30 08671757 frs-core:ShareCapital 2023-09-30 08671757 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 08671757 1 2022-10-01 2023-09-30 08671757 frs-core:CurrentFinancialInstruments 1 2023-09-30
Registered number: 08671757
GLC Cleaning Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
SAS Accounting Services Ltd
The Colchester Centre
Hawkins Road
Colchester
CO2 8JX
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08671757
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 25,547 31,105
25,547 31,105
CURRENT ASSETS
Stocks 5 38,800 38,800
Debtors 6 34,262 27,973
Cash at bank and in hand 33,776 678
106,838 67,451
Creditors: Amounts Falling Due Within One Year 7 (121,320 ) (74,092 )
NET CURRENT ASSETS (LIABILITIES) (14,482 ) (6,641 )
TOTAL ASSETS LESS CURRENT LIABILITIES 11,065 24,464
Creditors: Amounts Falling Due After More Than One Year 8 (10,661 ) (23,454 )
NET ASSETS 404 1,010
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Income Statement (596 ) 10
SHAREHOLDERS' FUNDS 404 1,010
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For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Scott Gibson
Director
16th June 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
GLC Cleaning Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08671757 . The registered office is Suite 10 Connaught Mews, 118-120 Connaught Avenue, Frinton On Sea, Essex, CO13 9AD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 33% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense 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 profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year 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 reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Direct 76 55
76 55
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 15,847 36,250 2,843 4,289 59,229
Additions 4,288 - 98 290 4,676
Disposals (2,173 ) - - - (2,173 )
As at 30 September 2024 17,962 36,250 2,941 4,579 61,732
Depreciation
As at 1 October 2023 10,013 12,941 2,520 2,650 28,124
Provided during the period 2,541 5,828 78 343 8,790
Disposals (729 ) - - - (729 )
As at 30 September 2024 11,825 18,769 2,598 2,993 36,185
Net Book Value
As at 30 September 2024 6,137 17,481 343 1,586 25,547
As at 1 October 2023 5,834 23,309 323 1,639 31,105
5. Stocks
2024 2023
£ £
Stock 10,000 10,000
Work in progress 28,800 28,800
38,800 38,800
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 30,337 27,229
Other debtors 600 500
Amounts owed by related parties 244 244
Directors' loan accounts 3,081 -
34,262 27,973
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,450 7,492
Bank loans and overdrafts 8,463 8,463
Corporation tax 20,353 4,746
Other taxes and social security 3,968 274
VAT 11,671 5,702
Net wages 25,622 18,771
Other creditors 1,283 483
Accruals and deferred income 1,200 1,200
Directors' loan accounts 42,310 26,961
121,320 74,092
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,661 23,454
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mrs Belinda Gibson (527 ) 2,044 - - 1,517
Mr Scott Gibson (415 ) 1,979 - - 1,564
The above loan is unsecured, interest free and repayable on demand.
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