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REGISTERED NUMBER: NI607205 (Northern Ireland)














Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Finaghy Cleaning & Support Services
Limited

Finaghy Cleaning & Support Services
Limited (Registered number: NI607205)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Finaghy Cleaning & Support Services
Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs Margaret Dunlop
Mr Alan Dunlop





REGISTERED OFFICE: Unit 223 City Business Park
Dunmurry
Belfast
BT17 9HY





REGISTERED NUMBER: NI607205 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH

Finaghy Cleaning & Support Services
Limited (Registered number: NI607205)

Balance Sheet
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 569,615 658,294
Tangible assets 5 415,844 435,232
985,459 1,093,526

CURRENT ASSETS
Stocks 30,041 30,906
Debtors 6 2,007,610 1,946,012
Cash at bank 2,918,648 2,915,968
4,956,299 4,892,886
CREDITORS
Amounts falling due within one year 7 337,674 475,988
NET CURRENT ASSETS 4,618,625 4,416,898
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,604,084

5,510,424

CREDITORS
Amounts falling due after more than one
year

8

(24,763

)

(15,021

)

PROVISIONS FOR LIABILITIES (76,440 ) (80,124 )
NET ASSETS 5,502,881 5,415,279

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,502,781 5,415,179
5,502,881 5,415,279

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Finaghy Cleaning & Support Services
Limited (Registered number: NI607205)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:





Mr Alan Dunlop - Director


Finaghy Cleaning & Support Services
Limited (Registered number: NI607205)

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


1. STATUTORY INFORMATION

Finaghy Cleaning & Support Services Limited is a private company, limited by shares , registered in Northern Ireland. 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 with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.


Finaghy Cleaning & Support Services
Limited (Registered number: NI607205)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued
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.

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 51 (2023 - 51 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 1,386,793
AMORTISATION
At 1 July 2023 728,499
Charge for year 88,679
At 30 June 2024 817,178
NET BOOK VALUE
At 30 June 2024 569,615
At 30 June 2023 658,294

Finaghy Cleaning & Support Services
Limited (Registered number: NI607205)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 869,729
Additions 97,065
At 30 June 2024 966,794
DEPRECIATION
At 1 July 2023 434,497
Charge for year 116,453
At 30 June 2024 550,950
NET BOOK VALUE
At 30 June 2024 415,844
At 30 June 2023 435,232

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 939,337 1,223,469
Other debtors 1,068,273 722,543
2,007,610 1,946,012

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Hire purchase contracts 22,270 8,193
Trade creditors 42,483 56,880
Taxation and social security 208,364 351,605
Other creditors 64,557 59,310
337,674 475,988

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/6/24 30/6/23
£    £   
Hire purchase contracts 24,763 15,021