Company registration number SC350793 (Scotland)
Aberdeen Laundry Services Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 December 2024
PAGES FOR FILING WITH REGISTRAR
Aberdeen Laundry Services Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Aberdeen Laundry Services Limited
Statement of financial position
as at 31 December 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
943,045
793,912
Current assets
Debtors
511,704
768,826
Cash at bank and in hand
2,225,438
1,611,322
2,737,142
2,380,148
Creditors: amounts falling due within one year
(1,140,930)
(1,148,999)
Net current assets
1,596,212
1,231,149
Total assets less current liabilities
2,544,735
2,061,656
Creditors: amounts falling due after more than one year
(7,438)
(29,251)
Provisions for liabilities
9
(211,321)
(168,583)
Net assets
2,325,976
1,863,822
Capital and reserves
Called up share capital
28,100
28,100
Profit and loss reserves
2,297,876
1,835,722
Total equity
2,325,976
1,863,822
Aberdeen Laundry Services Limited
Statement of financial position (continued)
as at 31 December 2024
31 December 2024
- 2 -
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 11 September 2025
S Khandelwal
Director
Company Registration No. SC350793
Aberdeen Laundry Services Limited
Notes to the financial statements
for the year ended 31 December 2024
- 3 -
1
Accounting policies
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 have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
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 £.
Turnover
Turnover represents the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised upon the provision of goods and services.
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Amortisation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Franchise Costs
over the life of the franchise
Development Costs
5 years straight line
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings
Straight line over the life of the lease
Plant and machinery
10% straight line
Fixtures, fittings & equipment
33% straight line
Motor vehicles
25% reducing balance basis
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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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.
Aberdeen Laundry Services Limited
Notes to the financial statements (continued)
for the year ended 31 December 2024
1
Accounting policies
(continued)
- 4 -
Deferred tax
Deferred tax is recognised on all timing differences between the carrying amount of of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. 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 then settled or the asset realised, based on the tax rates that have been enacted or substantively enacted by the end of the reporting period.
Leases
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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
78
82
3
Intangible fixed assets
Goodwill
Franchise Costs
Development Costs
Total
£
£
£
£
Cost
At 1 January 2024 and 31 December 2024
59,450
27,500
377,907
464,857
Amortisation and impairment
At 1 January 2024
59,450
19,548
349,264
428,262
Amortisation charged for the year
2,474
28,643
31,117
At 31 December 2024
59,450
22,022
377,907
459,379
Carrying amount
At 31 December 2024
5,478
5,478
At 31 December 2023
7,952
28,643
36,595
Aberdeen Laundry Services Limited
Notes to the financial statements (continued)
for the year ended 31 December 2024
- 5 -
4
Tangible fixed assets
Leasehold land and buildings
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2024
116,713
1,601,172
215,362
442,605
2,375,852
Additions
192,238
20,114
165,632
377,984
Disposals
(12,000)
(12,000)
At 31 December 2024
116,713
1,793,410
235,476
596,237
2,741,836
Depreciation and impairment
At 1 January 2024
92,956
1,105,586
91,902
291,496
1,581,940
Depreciation charged in the year
11,732
78,685
27,470
98,964
216,851
At 31 December 2024
104,688
1,184,271
119,372
390,460
1,798,791
Carrying amount
At 31 December 2024
12,025
609,139
116,104
205,777
943,045
At 31 December 2023
23,757
495,586
123,460
151,109
793,912
5
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
211,321
168,583
6
Controlling party
The company's parent company is ALS Group Holdings Limited, a company registered in Scotland, whose registered office is situated at 252 Union Street, Aberdeen, Scotland, AB10 1TN.
7
Company information
Aberdeen Laundry Services Limited is a private company limited by shares incorporated in Scotland. The registered office is Amicable House, 252 Union Street, Aberdeen, Scotland, AB10 1TN.