Silverfin false false 31/03/2025 01/04/2024 31/03/2025 James Ross Graham 22/02/2010 Stuart Howard Graham 22/02/2010 Callum Mckenna 20/12/2024 Philip Mckenna 22/02/2010 29 July 2025 The principal activity of the Company during the financial year was that of commercial cleaning services. SC373396 2025-03-31 SC373396 bus:Director1 2025-03-31 SC373396 bus:Director2 2025-03-31 SC373396 bus:Director3 2025-03-31 SC373396 bus:Director4 2025-03-31 SC373396 2024-03-31 SC373396 core:CurrentFinancialInstruments 2025-03-31 SC373396 core:CurrentFinancialInstruments 2024-03-31 SC373396 core:Non-currentFinancialInstruments 2025-03-31 SC373396 core:Non-currentFinancialInstruments 2024-03-31 SC373396 core:ShareCapital 2025-03-31 SC373396 core:ShareCapital 2024-03-31 SC373396 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC373396 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC373396 core:Goodwill 2024-03-31 SC373396 core:Goodwill 2025-03-31 SC373396 core:OtherPropertyPlantEquipment 2024-03-31 SC373396 core:OtherPropertyPlantEquipment 2025-03-31 SC373396 2023-03-31 SC373396 bus:OrdinaryShareClass1 2025-03-31 SC373396 bus:OrdinaryShareClass2 2025-03-31 SC373396 bus:OrdinaryShareClass3 2025-03-31 SC373396 bus:OrdinaryShareClass4 2025-03-31 SC373396 core:WithinOneYear 2025-03-31 SC373396 core:WithinOneYear 2024-03-31 SC373396 core:BetweenOneFiveYears 2025-03-31 SC373396 core:BetweenOneFiveYears 2024-03-31 SC373396 core:KeyManagementPersonnel 2025-03-31 SC373396 core:KeyManagementPersonnel 2024-03-31 SC373396 2024-04-01 2025-03-31 SC373396 bus:FilletedAccounts 2024-04-01 2025-03-31 SC373396 bus:SmallEntities 2024-04-01 2025-03-31 SC373396 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SC373396 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC373396 bus:Director1 2024-04-01 2025-03-31 SC373396 bus:Director2 2024-04-01 2025-03-31 SC373396 bus:Director3 2024-04-01 2025-03-31 SC373396 bus:Director4 2024-04-01 2025-03-31 SC373396 core:Goodwill core:TopRangeValue 2024-04-01 2025-03-31 SC373396 core:Goodwill 2024-04-01 2025-03-31 SC373396 core:OtherPropertyPlantEquipment core:TopRangeValue 2024-04-01 2025-03-31 SC373396 2023-04-01 2024-03-31 SC373396 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 SC373396 core:CurrentFinancialInstruments 2024-04-01 2025-03-31 SC373396 core:Non-currentFinancialInstruments 2024-04-01 2025-03-31 SC373396 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 SC373396 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 SC373396 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 SC373396 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 SC373396 bus:OrdinaryShareClass3 2024-04-01 2025-03-31 SC373396 bus:OrdinaryShareClass3 2023-04-01 2024-03-31 SC373396 bus:OrdinaryShareClass4 2024-04-01 2025-03-31 SC373396 bus:OrdinaryShareClass4 2023-04-01 2024-03-31 SC373396 core:KeyManagementPersonnel 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC373396 (Scotland)

GRAHAM HYGIENE SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH THE REGISTRAR

GRAHAM HYGIENE SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

Contents

GRAHAM HYGIENE SERVICES LTD

BALANCE SHEET

AS AT 31 MARCH 2025
GRAHAM HYGIENE SERVICES LTD

BALANCE SHEET (continued)

AS AT 31 MARCH 2025
Note 2025 2024
£ £
Fixed assets
Intangible assets 3 19,800 22,200
Tangible assets 4 49,087 74,058
68,887 96,258
Current assets
Stocks 5 11,754 11,211
Debtors 6 133,525 127,856
Cash at bank and in hand 7 160,658 188,390
305,937 327,457
Creditors: amounts falling due within one year 8 ( 268,254) ( 256,649)
Net current assets 37,683 70,808
Total assets less current liabilities 106,570 167,066
Creditors: amounts falling due after more than one year 9 ( 1,081) ( 9,948)
Provision for liabilities 10, 11 ( 10,597) ( 16,733)
Net assets 94,892 140,385
Capital and reserves
Called-up share capital 12 60 60
Profit and loss account 94,832 140,325
Total shareholders' funds 94,892 140,385

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Graham Hygiene Services Ltd (registered number: SC373396) were approved and authorised for issue by the Board of Directors on 29 July 2025. They were signed on its behalf by:

Philip Mckenna
Director
GRAHAM HYGIENE SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
GRAHAM HYGIENE SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Graham Hygiene Services Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Skirmie Park, Welton Road Industrial Estate, Blairgowrie, PH10 6NP, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.


The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents amounts receivable for commercial cleaning net of VAT and trade discounts.

Revenue is recognised when the company has entitlement to the income in exchange for the provision of services.

Employee benefits

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

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Leases

The Company as lessee
Assets held under hire purchase contracts, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews 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).

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Basic financial assets
Basic financial assets, which include debtors, cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are 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.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Deferred tax provisions are recognised when the Company has a present obligation as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 30 29

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2024 50,000 50,000
At 31 March 2025 50,000 50,000
Accumulated amortisation
At 01 April 2024 27,800 27,800
Charge for the financial year 2,400 2,400
At 31 March 2025 30,200 30,200
Net book value
At 31 March 2025 19,800 19,800
At 31 March 2024 22,200 22,200

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2024 220,641 220,641
Additions 12,381 12,381
Disposals ( 21,855) ( 21,855)
At 31 March 2025 211,167 211,167
Accumulated depreciation
At 01 April 2024 146,583 146,583
Charge for the financial year 34,734 34,734
Disposals ( 19,237) ( 19,237)
At 31 March 2025 162,080 162,080
Net book value
At 31 March 2025 49,087 49,087
At 31 March 2024 74,058 74,058

5. Stocks

2025 2024
£ £
Stocks 11,754 11,211

6. Debtors

2025 2024
£ £
Trade debtors 125,143 123,680
Other debtors 8,382 4,176
133,525 127,856

7. Cash and cash equivalents

2025 2024
£ £
Cash at bank and in hand 160,658 188,390

8. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 7,086 7,131
Trade creditors 14,427 7,168
Corporation tax 102,989 92,240
Other taxation and social security 110,881 103,330
Obligations under finance leases and hire purchase contracts 257 13,028
Other creditors 32,614 33,752
268,254 256,649

Included within Bank loans are amounts advanced to the company under the Bounce Back Loan Scheme. This loan is fully backed by a government guarantee.

Net obligations under hire purchase contracts are secured over the related assets.

9. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans 1,081 8,652
Obligations under finance leases and hire purchase contracts 0 257
Other creditors 0 1,039
1,081 9,948

Included within Bank loans are amounts advanced to the company under the Bounce Back Loan Scheme. This loan is fully backed by a government guarantee.

Net obligations under hire purchase contracts are secured over the related assets.

10. Provision for liabilities

2025 2024
£ £
Deferred tax 10,597 16,733

11. Deferred tax

2025 2024
£ £
At the beginning of financial year ( 16,733) ( 21,735)
Credited to the Statement of Income and Retained Earnings 6,136 5,002
At the end of financial year ( 10,597) ( 16,733)

12. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
15 Ordinary A shares of £ 1.00 each (2024: 20 shares of £ 1.00 each) 15 20
15 Ordinary B shares of £ 1.00 each (2024: 20 shares of £ 1.00 each) 15 20
24 Ordinary C shares of £ 1.00 each (2024: 20 shares of £ 1.00 each) 24 20
6 Ordinary D shares of £ 1.00 each (2024: nil shares) 6 0
60 60

13. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2025 2024
£ £
within one year 21,902 20,711
between one and five years 15,040 24,695
36,942 45,406

14. Related party transactions

Transactions with the entity’s directors (or members of its governing body)

Amounts owed by directors

2025 2024
£ £
Key Management Personnel 0 516
Key Management Personnel 0 516
Key Management Personnel 0 526
0 0
0 1,558

Amounts owed to directors

2025 2024
£ £
Key Management Personnel 242 0
Key Management Personnel 312 0
Key Management Personnel 312 0
Key Management Personnel 78 0
944 0

Advances have been made in this period to the Directors totalling £70 and £2,572 has been repaid. This loan is unsecured, interest free and repayable on demand.