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Registration number: 04578096

G & P Cleaning Services Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

G & P Cleaning Services Ltd

Contents

Company Information

1

Accountants' Report

2

Statement Financial Position

3 to 4

Notes to the Financial Statements

5 to 11

 

G & P Cleaning Services Ltd

Company Information

Director

P Webb

Company secretary

Mrs J Webb

Registered office

163 Herne Hill
London
SE24 9LR

Accountants

Innovi Advisors Ltd
Chartered Certified Accountants163 Herne Hill
London
SE24 9LR

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
G & P Cleaning Services Ltd
for the Year Ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of G & P Cleaning Services Ltd for the year ended 30 September 2024 as set out on pages 3 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of G & P Cleaning Services Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of G & P Cleaning Services Ltd and state those matters that we have agreed to state to the Board of Directors of G & P Cleaning Services Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G & P Cleaning Services Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that G & P Cleaning Services 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 G & P Cleaning Services Ltd. You consider that G & P Cleaning Services 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 G & P Cleaning Services 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.

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

Innovi Advisors Ltd
Chartered Certified Accountants
163 Herne Hill
London
SE24 9LR

23 June 2025

 

G & P Cleaning Services Ltd

(Registration number: 04578096)
Statement Financial Position as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

126,728

122,115

Investment property

6

902,946

902,946

 

1,029,674

1,025,061

Current assets

 

Debtors

7

1,463,430

1,379,089

Cash at bank and in hand

 

1,744,654

1,604,743

 

3,208,084

2,983,832

Creditors: Amounts falling due within one year

8

(1,933,620)

(660,725)

Net current assets

 

1,274,464

2,323,107

Total assets less current liabilities

 

2,304,138

3,348,168

Creditors: Amounts falling due after more than one year

8

-

(279,454)

Provisions for liabilities

(31,682)

(30,529)

Net assets

 

2,272,456

3,038,185

Capital and reserves

 

Called up share capital

149

149

Revaluation reserve

150,334

150,334

Retained earnings

2,121,973

2,887,702

Shareholders' funds

 

2,272,456

3,038,185

 

G & P Cleaning Services Ltd

(Registration number: 04578096)
Statement Financial Position as at 30 September 2024 (continued)

For the financial 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.

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 his 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 Income Statement.

Approved and authorised by the director on 23 June 2025
 

P Webb
Director

   
     
 

G & P Cleaning Services Ltd

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

1

General information

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

The address of its registered office is:
163 Herne Hill
London
SE24 9LR
England

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.

The presentation currency of the financial statements is Pound Sterling (£) rounded to the nearest Pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates 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;
and specific criteria have been met for each of the company's activities.

Government grants

Government and other grants are recognised as income when there is reasonable assurance that the grants or contributions will be received and the conditions attaching to the grants or contribution have been met. Monies advanced as grants and contributions for which conditions have not been satisfied are carried in the Balance Sheet as creditors. When conditions are satisfied, the grant or contribution is credited to income.

 

G & P Cleaning Services Ltd

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

2

Accounting policies (continued)

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 income 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 statement financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

Office equipment

25% reducing balance

Motor vehicles

25% reducing balance

Investment property

Investment property is included at fair value. Gains are recognised in the profit & loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

 

G & P Cleaning Services Ltd

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

2

Accounting policies (continued)

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Reliable estimate based on evidence or restricted to10 years.

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 merchandise sold or 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

G & P Cleaning Services Ltd

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

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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

A defined contribution plan is a pension 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 496 (2023 - 511).

 

G & P Cleaning Services Ltd

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

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 October 2023

20,000

20,000

At 30 September 2024

20,000

20,000

Amortisation

At 1 October 2023

20,000

20,000

At 30 September 2024

20,000

20,000

Carrying amount

At 30 September 2024

-

-

5

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

2,775

48,093

250,189

301,057

Additions

-

1,853

41,309

43,162

Disposals

-

-

(16,289)

(16,289)

At 30 September 2024

2,775

49,946

275,209

327,930

Depreciation

At 1 October 2023

1,840

35,133

141,969

178,942

Charge for the year

187

3,443

31,998

35,628

Eliminated on disposal

-

-

(13,368)

(13,368)

At 30 September 2024

2,027

38,576

160,599

201,202

Carrying amount

At 30 September 2024

748

11,370

114,610

126,728

At 30 September 2023

935

12,960

108,220

122,115

6

Investment properties

 

G & P Cleaning Services Ltd

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

6

Investment properties (continued)

2024
£

At 1 October 2021

902,946

At 30 September 2023

902,946

In the opinion of the director, the market value of the properties is stated above.

7

Debtors

Note

2024
£

2023
£

Trade debtors

 

1,424,899

1,247,598

Amounts owed by group undertakings

-

97,240

Prepayments

 

24,489

20,210

Other debtors

 

14,042

14,041

 

1,463,430

1,379,089

 

G & P Cleaning Services Ltd

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

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

-

12,002

Trade creditors

 

68,651

27,171

Amounts owed to group undertakings

1,100,906

-

Taxation and social security

 

559,578

506,515

Accruals and deferred income

 

186,621

99,616

Other creditors

 

17,864

15,421

 

1,933,620

660,725

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

-

279,454

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

-

279,454

Current loans and borrowings

2024
£

2023
£

Bank borrowings

-

12,002

10 Ultimate controlling party

The directors regard G & P Assets Holding Ltd, a company incorporated in England, as the company's ultimate parent undertaking. The parent undertaking registered office address is 163 Herne Hill, London, SE24 9LR, United Kingdom.