Company registration number SC282870 (Scotland)
TOUCH-LESS HYGIENE UK LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
TOUCH-LESS HYGIENE UK LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
TOUCH-LESS HYGIENE UK LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
4
-
0
15,000
Tangible assets
5
42,877
39,547
42,877
54,547
Current assets
Debtors
6
329,739
290,917
Cash at bank and in hand
230,468
175,682
560,207
466,599
Creditors: amounts falling due within one year
7
(221,391)
(214,638)
Net current assets
338,816
251,961
Total assets less current liabilities
381,693
306,508
Provisions for liabilities
-
0
(4,588)
Net assets
381,693
301,920
Capital and reserves
Called up share capital
100
100
Share premium account
60,462
60,462
Profit and loss reserves
321,131
241,358
Total equity
381,693
301,920
TOUCH-LESS HYGIENE UK LTD
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2024
30 September 2024
- 2 -

For the financial year ended 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 of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 26 June 2025
S. White
Director
Company registration number SC282870 (Scotland)
TOUCH-LESS HYGIENE UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
1
Accounting policies
Company information

Touch-Less Hygiene UK Ltd is a private company limited by shares incorporated in Scotland. The registered office is 168 Bath Street, Glasgow, G2 4TP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

 

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.

 

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

TOUCH-LESS HYGIENE UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% Reducing Balance
Fixtures, fittings & equipment
25% Reducing Balance
Computer equipment
25% Reducing Balance
Motor vehicles
25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

TOUCH-LESS HYGIENE UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

 

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases
TOUCH-LESS HYGIENE UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 6 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.14
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

1.15
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
5
5
TOUCH-LESS HYGIENE UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 7 -
4
Intangible fixed assets
Master Franchise Fee
£
Cost
At 1 October 2023 and 30 September 2024
150,000
Amortisation and impairment
At 1 October 2023
135,000
Amortisation charged for the year
15,000
At 30 September 2024
150,000
Carrying amount
At 30 September 2024
-
0
At 30 September 2023
15,000
5
Tangible fixed assets
Assets under construction
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 October 2023
-
0
22,011
10,278
8,384
43,707
84,380
Additions
7,178
7,409
1,000
-
0
-
0
15,587
Disposals
-
0
-
0
-
0
(2,280)
-
0
(2,280)
At 30 September 2024
7,178
29,420
11,278
6,104
43,707
97,687
Depreciation and impairment
At 1 October 2023
-
0
13,511
5,436
4,812
21,074
44,833
Depreciation charged in the year
-
0
3,977
1,460
804
5,658
11,899
Eliminated in respect of disposals
-
0
-
0
-
0
(1,922)
-
0
(1,922)
At 30 September 2024
-
0
17,488
6,896
3,694
26,732
54,810
Carrying amount
At 30 September 2024
7,178
11,932
4,382
2,410
16,975
42,877
At 30 September 2023
-
0
8,500
4,842
3,572
22,633
39,547
TOUCH-LESS HYGIENE UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 8 -
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
188,565
153,449
Other debtors
141,174
137,468
329,739
290,917
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
668
-
0
Trade creditors
54,411
52,443
Corporation tax
31,633
13,461
Other taxation and social security
28,827
19,761
Other creditors
105,852
128,973
221,391
214,638
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
11,872
7,139
9
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due from related parties
£
£
Entities with control, joint control or significant influence over the company
141,174
137,468
10
Parent company

The parent company of Touch-Less Hygiene UK Ltd is IIG Assets Limited and its registered office is One St. Peters Square, Manchester, England, M2 3DE.

2024-09-302023-10-01falsefalsefalse26 June 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityS. WhiteSC2828702023-10-012024-09-30SC2828702024-09-30SC2828702023-09-30SC282870core:Goodwill2024-09-30SC282870core:Goodwill2023-09-30SC282870core:ConstructionInProgressAssetsUnderConstruction2024-09-30SC282870core:PlantMachinery2024-09-30SC282870core:FurnitureFittings2024-09-30SC282870core:ComputerEquipment2024-09-30SC282870core:MotorVehicles2024-09-30SC282870core:ConstructionInProgressAssetsUnderConstruction2023-09-30SC282870core:PlantMachinery2023-09-30SC282870core:FurnitureFittings2023-09-30SC282870core:ComputerEquipment2023-09-30SC282870core:MotorVehicles2023-09-30SC282870core:CurrentFinancialInstrumentscore:WithinOneYear2024-09-30SC282870core:CurrentFinancialInstrumentscore:WithinOneYear2023-09-30SC282870core:CurrentFinancialInstruments2024-09-30SC282870core:CurrentFinancialInstruments2023-09-30SC282870core:ShareCapital2024-09-30SC282870core:ShareCapital2023-09-30SC282870core:SharePremium2024-09-30SC282870core:SharePremium2023-09-30SC282870core:RetainedEarningsAccumulatedLosses2024-09-30SC282870core:RetainedEarningsAccumulatedLosses2023-09-30SC282870bus:Director12023-10-012024-09-30SC282870core:Goodwill2023-10-012024-09-30SC282870core:PlantMachinery2023-10-012024-09-30SC282870core:FurnitureFittings2023-10-012024-09-30SC282870core:ComputerEquipment2023-10-012024-09-30SC282870core:MotorVehicles2023-10-012024-09-30SC2828702022-10-012023-09-30SC282870core:Goodwill2023-09-30SC282870core:ConstructionInProgressAssetsUnderConstruction2023-09-30SC282870core:PlantMachinery2023-09-30SC282870core:FurnitureFittings2023-09-30SC282870core:ComputerEquipment2023-09-30SC282870core:MotorVehicles2023-09-30SC2828702023-09-30SC282870core:ConstructionInProgressAssetsUnderConstruction2023-10-012024-09-30SC282870core:WithinOneYear2024-09-30SC282870core:WithinOneYear2023-09-30SC282870bus:PrivateLimitedCompanyLtd2023-10-012024-09-30SC282870bus:FRS1022023-10-012024-09-30SC282870bus:AuditExemptWithAccountantsReport2023-10-012024-09-30SC282870bus:SmallCompaniesRegimeForAccounts2023-10-012024-09-30SC282870bus:FullAccounts2023-10-012024-09-30xbrli:purexbrli:sharesiso4217:GBP