IDG Holdings Limited Group accounts (Group and Company)

COMPANY REGISTRATION NUMBER: 04007687

IDG Holdings Limited

Financial Statements

31 October 2024

IDG Holdings Limited

Financial Statements

Year ended 31 October 2024

Contents	Page

Officers and professional advisers	1

Strategic report	2

Directors' report	4

Independent auditor's report to the members	7

Consolidated statement of income and retained earnings	11

Company statement of income and retained earnings	12

Consolidated statement of financial position	13

Company statement of financial position	14

Consolidated statement of cash flows	15

Notes to the financial statements	16

IDG Holdings Limited

Officers and Professional Advisers

The board of directors	Mr P W Roach
	Mrs J Roach
	Mr D G Froude
	Mr D G Yates

Registered office	Leonard House
	308 Winwick Road
	Warrington
	Cheshire
	WA2 8JE

Auditor	Riverside Accountancy Lancaster Limited
	Chartered accountants & statutory auditor
	Suite 2, 2 Mannin Way
	Lancaster Business Park
	Caton Road
	Lancaster
	LA1 3SU

Bankers	LLoyds Bank PLC
	1st Floor
	5 St Pauls Square
	Old Hall Street
	Liverpool
	L3 9SJ

Consultant accountant	Moors Andrew Thomas Private Client Limited
	94 Wilderspool Causeway
	Warrington
	Cheshire
	WA4 6PU

IDG Holdings Limited

Strategic Report

Year ended 31 October 2024

Fair review of the business

The directors are pleased to report a group profit after tax £110,200 (2023 - £165,159). Turnover has increased from £15,013,049 to £15,849,120. The accounting period is made up of 13 four weekly periods, ending on the Sunday on or immediately prior to 31st October each year. For the year ending 31st October 2023 the accounting period was a 52 week year, for the accounting period ending 31st October 2024 the accounting period was a 52 week year. Gross profit has increased by 4.4%, creating a gross profit of £4,042,683 compared to £3,871,741 in 2023. The directors made a decision to upgrade the existing computer data platform and software systems, a lot of this work was completed in 2023 in total this took some 18 months to 2 years to complete. They have also decided to expand the sales, marketing and operational management. The group has consistently met the challenges during the last year. Mainly by implementing up dated cleaning processes on client sites which have generated and continue to generate additional sales. Dividends of £750,000 (2023 £750,000) were received from subsidiary companies in the year.

Principal risks and uncertainties

Risk is an inherent part of doing business. The group has a process for identifying, evaluating and managing the risks faced by the business. The Board has identified the following factors as principal potential risks to the successful operation of the business: Economic and market risks: The economic environment and competitor pricing position can affect the performance of the group's business. Through investment in quality management, staff and technology, the directors ensure that the business delivers value for customers. Pressure from the UK government with regards to the level of minimum wages impacts on the business, however the group operates a transparent process triggered by any change in minimum wage that ensures these increased costs are recovered from customers. The opportunity is also taken to work with customers to identify cost savings areas that may mitigate the full impact of these cost pressures, whilst maintaining the group's profitability. Regulatory risk: The group's operations are subject to a broad spectrum of regulatory requirements, particularly in relation to employment and health and safety issues. The group takes responsibility for training, safety environment and quality and monitors regulatory developments and operates a strong compliance regime. Regular reviews are undertaken to ensure compliance and training needs are continually monitored and addressed as required.

IT systems and infrastructure: The group operates an IT infrastructure accessible from both within and outside the business. This enables, the remote management team, employees and customers to exchange and update information. This system is a strong differentiating factor and has helped the group reduce costs and win business. The group has controls in place to maintain the integrity and efficiency of its systems, which are regularly updated and tested. Colleague engagement and retention: The group employs almost 1000 people who are key to the success of the business. Good relations with the employees and investing in their training and development are essential to the efficiency and sustainability of the group's operations. The group's employment policies, remuneration and benefit packages are designed to be competitive with other companies, as well as providing employees with fulfilling career opportunities.

Development and performance

The group continues to expand its area of activities. This has resulted in it achieving profits again this year.

Key performance indicators

KPIs feature throughout the group monthly management reports and meetings that cover such matters as performance levels agreed with clients, health and safety, communications efficiency, employee attendance, standards, failures and non-compliance etc (all aspects of the business).

Gender pay gap report

From April 2017 the UK government has introduced a requirement for all employees with more than 250 employees to publish their gender pay gap figures on an annual basis. The gender pay gap is defined as the difference between the mean or median hourly rate of pay that male and female colleagues receive expressed as a percentage of men's pay. The group has published their report which is available on their website. The directors are pleased to report that the results of the analysis confirm that the group's gender pay gap figures compare favourably against the national average. Diversity and inclusivity influence group policies and culture at all levels and there is no discrimination for any position for any reason, including race, religion, ethnic origin or gender. Pay awards and advancement within the group is not dependent on gender.

This report was approved by the board of directors on 13 August 2025 and signed on behalf of the board by:

Mr P W Roach

Director

Registered office:

Leonard House

308 Winwick Road

Warrington

Cheshire

WA2 8JE

IDG Holdings Limited

Directors' Report

Year ended 31 October 2024

The directors present their report and the financial statements of the group for the year ended 31 October 2024 .

Directors

The directors who served the company during the year were as follows:

Mr P W Roach
Mrs J Roach
Mr D G Froude
Mr D G Yates

Dividends

Particulars of recommended dividends are detailed in note 13 to the financial statements.

Future developments

The group continues to invest in a larger sales resource and looks forward to continuing to retain existing customers whilst growing new business in the public and private sector.

Employment of disabled persons

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the group continues and that the appropriate training is arranged. It is the policy of the group that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

Employee involvement

The directors recognise the value of a workforce resourced from varied backgrounds and requires management to exercise fairness and reasonableness in its employee recruitment practices. The group operates as required by law, non-discriminatory policies, and practices in relation to recruitment training, development and promotion without regards to race, gender, religion, ethnic origin and non-job-related disabilities of its employees. Information on matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the company's performance.

Events after the end of the reporting period

Dividends in respect of the year ending 31st October 2024 of £575,000 were received from subsidiary companies on the 4th April 2025. The amount has not been accrued for in these financial statements as the dividends had not been declared until after the balance sheet date and as a result there was no obligation to pay at 31st October 2024. Similarly the company paid a dividend of £ 150,000 on 4th April 2025 as there were sufficient reserves at this point. The amount has also not been accrued for in these financial statements as the dividend had not been declared until after the balance sheet date.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and the company and the profit or loss of the group for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the group and the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the group and the company's auditor is aware of that information.

This report was approved by the board of directors on 13 August 2025 and signed on behalf of the board by:

Mr P W Roach

Director

Registered office:

Leonard House

308 Winwick Road

Warrington

Cheshire

WA2 8JE

IDG Holdings Limited

Independent Auditor's Report to the Members of IDG Holdings Limited

Year ended 31 October 2024

Opinion

We have audited the financial statements of IDG Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 October 2024 which comprise the consolidated statement of income and retained earnings, company statement of income and retained earnings, consolidated statement of financial position, company statement of financial position, consolidated statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the group's and of the parent company's affairs as at 31 October 2024 and of the group's profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or - the parent company financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: - Review of directors' minutes and review of nominal postings for legal and professional fees ensured we identified any regulatory compliance issues and laws that company must follow in the year and to the date of signing the financial statements - The assessment of fraud was considered as low due to the segregation of duties seen, the low levels of cash handled and the regular reporting required of the company to its shareholders. - A review of journal entries and consideration of their appropriateness was carried out through the audit - During the audit we speak to management, test the systems and speak to various members of the finance function to understand the entity its processes and the nature of trade to assist in determining if the financial statements are true and fair. - Challenging assumptions made by management in making their significant accounting estimates. - Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations - Physical verification of fixed assets was carried out which aided us to assess for any potential impairment required As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the group's internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group's or the parent company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the group or the parent company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. - Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report

This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Penelope Bowden ACA

(Senior Statutory Auditor)

For and on behalf of

Riverside Accountancy Lancaster Limited

Chartered accountants & statutory auditor

Suite 2, 2 Mannin Way

Lancaster Business Park

Caton Road

Lancaster

LA1 3SU

15 August 2025

IDG Holdings Limited

Consolidated Statement of Income and Retained Earnings

Year ended 31 October 2024

		2024	2023
Note		£	£
Turnover	4	15,849,120	15,013,049

Cost of sales	11,806,437	11,141,309
	-------------	-------------
Gross profit	4,042,683	3,871,740

Administrative expenses		3,853,849	3,642,617
Other operating income	5	25,015	24,629
		------------	------------
Operating profit	6	213,849	253,752

Other interest receivable and similar income	10	30	2,084
Interest payable and similar expenses	11	79,803	49,434
		------------	------------
Profit before taxation		134,076	206,402

Tax on profit	12	23,870	41,243
		---------	---------
Profit for the financial year and total comprehensive income		110,206	165,159
		---------	---------

Dividends paid and payable	13	( 350,000)	( 500,000)

Retained earnings at the start of the year	710,161	1,045,002
	---------	------------
Retained earnings at the end of the year	470,367	710,161
	---------	------------

All the activities of the group are from continuing operations.

IDG Holdings Limited

Company Statement of Income and Retained Earnings

Year ended 31 October 2024

		2024	2023
Note		£	£
Profit for the financial year and total comprehensive income		222,183	382,814
Dividends paid and payable	13	( 350,000)	( 500,000)

Retained earnings at the start of the year	54,331	171,517
	---------	---------
Retained (losses)/earnings at the end of the year	( 73,486)	54,331
	---------	---------

IDG Holdings Limited

Consolidated Statement of Financial Position

31 October 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	15	684,937	756,140

Current assets

Stocks	17	300	300
Debtors	18	3,524,504	3,644,582
		------------	------------
		3,524,804	3,644,882

Creditors: amounts falling due within one year	20	3,203,013	3,087,152
		------------	------------
Net current assets		321,791	557,730
		------------	------------
Total assets less current liabilities		1,006,728	1,313,870

Creditors: amounts falling due after more than one year	21	125,179	215,165

Provisions	23	111,182	88,544
		------------	------------
Net assets		770,367	1,010,161
		------------	------------

Capital and reserves

Called up share capital	26	300,000	300,000
Profit and loss account		470,367	710,161
		---------	------------
Shareholders funds		770,367	1,010,161
		---------	------------

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

These financial statements were approved by the board of directors and authorised for issue on 13 August 2025 , and are signed on behalf of the board by:

Mr P W Roach

Director

Company registration number: 04007687

IDG Holdings Limited

Company Statement of Financial Position

31 October 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	15	67,474	66,769
Investments	16	620,476	620,476
		---------	---------
		687,950	687,245

Current assets

Debtors	18	613,610	200,378

Creditors: amounts falling due within one year	20	1,065,242	524,176
		------------	---------
Net current liabilities		451,632	323,798
		---------	---------
Total assets less current liabilities		236,318	363,447

Provisions	23	9,804	9,116
		---------	---------
Net assets		226,514	354,331
		---------	---------

Capital and reserves

Called up share capital	26	300,000	300,000
Profit and loss account		( 73,486)	54,331
		---------	---------
Shareholders funds		226,514	354,331
		---------	---------

The profit for the financial year of the parent company was £ 222,183 (2023: £ 382,814 ).

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

These financial statements were approved by the board of directors and authorised for issue on 13 August 2025 , and are signed on behalf of the board by:

Mr P W Roach

Director

Company registration number: 04007687

IDG Holdings Limited

Consolidated Statement of Cash Flows

Year ended 31 October 2024

	2024	2023
Note	£	£

Cash flows from operating activities

Profit for the financial year	110,206	165,159

Adjustments for:
Depreciation of tangible assets	283,252	267,751
Other interest receivable and similar income	( 30)	( 2,084)
Interest payable and similar expenses	79,803	49,434
Gains on disposal of tangible assets	( 53,174)	( 77,167)
Tax on profit	23,870	41,243
Accrued income	( 316,838)	( 279,635)

Changes in:
Trade and other debtors	576,511	( 400,055)
Trade and other creditors	( 146,096)	1,129,377
	---------	------------
Cash generated from operations	557,504	894,023

Interest paid	( 79,803)	( 49,434)
Interest received	30	2,084
Tax paid	–	( 16,886)
	---------	---------
Net cash from operating activities	477,731	829,787
	---------	---------

Cash flows from investing activities

Purchase of tangible assets	( 223,838)	( 603,977)
Proceeds from sale of tangible assets	64,963	81,941
	---------	---------
Net cash used in investing activities	( 158,875)	( 522,036)
	---------	---------

Cash flows from financing activities

Payments of finance lease liabilities	( 75,823)	252,920
Dividends paid	( 350,000)	( 500,000)
	---------	---------
Net cash used in financing activities	( 425,823)	( 247,080)
	---------	---------

Net (decrease)/increase in cash and cash equivalents		( 106,967)	60,671
Cash and cash equivalents at beginning of year		(62,838)	(123,509)
		---------	---------
Cash and cash equivalents at end of year	19	( 169,805)	( 62,838)
		---------	---------

IDG Holdings Limited

Notes to the Financial Statements

Year ended 31 October 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Leonard House, 308 Winwick Road, Warrington, Cheshire, WA2 8JE.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have been rounded to the nearest £1.

Accounting periods

The accounting period is made up of 13 four weekly periods, ending on the Sunday on or immediately prior to 31 October each year. For the year ending 31 October 2024, the accounting period was a 52 week year.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. Although the holding company has net current liabilities of £451,632 management do not believe there is any doubt in the company's ability to continue as a going concern. Dividends amounting to £750,000 have been received from subsidiaries after the balance sheet date. The subsidiary companies continue to expand and achieve profits, which will lead to future dividends being paid.

Disclosure exemptions

The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosures available under FRS 102:

(a) Disclosures in respect of each class of share capital have not been presented.

(b) No cash flow statement has been presented for the company.

(c) Disclosures in respect of financial instruments have not been presented.

(d) No disclosure has been given for the aggregate remuneration of key management personnel.

Consolidation

The financial statements consolidate the financial statements of IDG Holdings Limited and all of its subsidiary undertakings.

The results of subsidiaries acquired or disposed of during the year are included from or to the date that control passes.

The parent company has applied the exemption contained in section 408 of the Companies Act 2006 and has not presented its individual profit and loss account.

Judgements and key sources of estimation uncertainty

In the application of the group's and parent company's accounting policies, the directors are 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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	10% & 25% straight Line
Motor vehicles	-	25% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised .

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Turnover

Turnover arises from:

	2024	2023
	£	£
Rendering of services	15,849,120	15,013,049
	-------------	-------------

The turnover is attributable to the one principal activity of the group. An analysis of turnover by the geographical markets that substantially differ from each other is given below:

	2024	2023
	£	£
United Kingdom	15,623,666	14,834,703
Overseas	225,454	178,346
	-------------	-------------
	15,849,120	15,013,049
	-------------	-------------

5. Other operating income

	2024	2023
	£	£
Other operating income	25,015	24,629
	--------	--------

6. Operating loss

Operating profit or loss is stated after charging/crediting:

	2024	2023
	£	£
Depreciation of tangible assets	283,252	267,751
Gains on disposal of tangible assets	( 53,174)	( 77,167)
Impairment of trade debtors	(27,177)	3,065
Foreign exchange differences	( 21,920)	( 14,898)
	---------	---------

7. Auditor's remuneration

	2024	2023
	£	£
Fees payable for the audit of the financial statements	35,685	33,170
	--------	--------

8. Staff costs

The average number of persons employed by the group during the year, including the directors, amounted to:

	2024	2023
	No.	No.
Production staff	917	963
Administrative staff	45	46
Management staff	15	15
	----	-------
	977	1,024
	----	-------

The aggregate payroll costs incurred during the year, relating to the above, were:

	2024	2023
	£	£
Wages and salaries	11,228,605	10,786,302
Social security costs	567,022	525,890
Other pension costs	199,370	215,647
	-------------	-------------
	11,994,997	11,527,839
	-------------	-------------

9. Directors' remuneration

The directors' aggregate remuneration in respect of qualifying services was:

	2024	2023
	£	£
Remuneration	75,958	69,487
	--------	--------

10. Other interest receivable and similar income

	2024	2023
	£	£
Interest on cash and cash equivalents	30	2,084
	----	-------

11. Interest payable and similar expenses

	2024	2023
	£	£
Interest on banks loans and overdrafts	54,762	33,434
Other interest payable and similar charges	25,041	16,000
	--------	--------
	79,803	49,434
	--------	--------

12. Tax on profit

Major components of tax expense

	2024	2023
	£	£

Current tax:

UK current tax income	1,232	–

Deferred tax:

Origination and reversal of timing differences	22,638	41,243
	--------	--------
Tax on profit	23,870	41,243
	--------	--------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is lower than (2023: lower than) the standard rate of corporation tax in the UK of 25 % (2023: 25 %).

	2024	2023
	£	£
Profit on ordinary activities before taxation	134,076	206,402
	---------	---------
Profit on ordinary activities by rate of tax	33,519	51,600
Effect of capital allowances and depreciation	744	( 54,371)
Effect of different UK tax rates on some earnings	688	9,116
Utilisation of tax losses	( 33,719)	–
Deferred tax (credit) / charge	22,638	34,898
	---------	---------
Tax on profit	23,870	41,243
	---------	---------

13. Dividends

	2024	2023
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	350,000	500,000
Dividends proposed after the year end and not recognised as a liability	150,000	350,000
	---------	---------

14. Intangible assets

Group	Goodwill
	£
Cost
At 1 November 2023 and 31 October 2024	374,921
	---------
Amortisation
At 1 November 2023 and 31 October 2024	374,921
	---------
Carrying amount
At 1 November 2023 and 31 October 2024	–
	---------
At 31 October 2023	–
	---------

The company has no intangible assets.

15. Tangible assets

Group	Fixtures and fittings	Motor vehicles	Total
	£	£	£
Cost
At 1 November 2023	779,247	1,119,137	1,898,384
Additions	121,841	101,997	223,838
Disposals	–	( 173,293)	( 173,293)
	---------	------------	------------
At 31 October 2024	901,088	1,047,841	1,948,929
	---------	------------	------------
Depreciation
At 1 November 2023	618,829	523,415	1,142,244
Charge for the year	74,320	208,932	283,252
Disposals	–	( 161,504)	( 161,504)
	---------	------------	------------
At 31 October 2024	693,149	570,843	1,263,992
	---------	------------	------------
Carrying amount
At 31 October 2024	207,939	476,998	684,937
	---------	------------	------------
At 31 October 2023	160,418	595,722	756,140
	---------	------------	------------

Company	Fixtures and fittings
	£
Cost
At 1 November 2023	266,489
Additions	21,619
	---------
At 31 October 2024	288,108
	---------
Depreciation
At 1 November 2023	199,720
Charge for the year	20,914
	---------
At 31 October 2024	220,634
	---------
Carrying amount
At 31 October 2024	67,474
	---------
At 31 October 2023	66,769
	---------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

Group	Motor vehicles	Equipment	Total
	£	£	£
At 31 October 2024	201,034	37,325	238,359
	---------	--------	---------
At 31 October 2023	235,711	–	235,711
	---------	--------	---------

The company has no tangible assets held under finance lease or hire purchase agreements.

16. Investments

The group has no investments.

Company	Shares in group undertakings
	£
Cost
At 1 November 2023 and 31 October 2024	620,476
	---------
Impairment
At 1 November 2023 and 31 October 2024	–
	---------

Carrying amount
At 1 November 2023 and 31 October 2024	620,476
	---------
At 31 October 2023	620,476
	---------

Subsidiaries, associates and other investments

Details of the investments in which the parent company has an interest of 20% or more are as follows:

	Registered office	Class of share	Percentage of shares held
Subsidiary undertakings
In Depth Services (Cleaning) Limited	Leonard House	Ordinary Shares	100
	308 Winwick Road
	Warrington
	Cheshire
	WA2 8JE
Incredible Window Cleaning Limited	Leonard House	Ordinary Shares	100
	308 Winwick Road
	Warrington
	Cheshire
	WA2 8JE
V.Move Solutions Limited	Leonard House	Ordinary Shares	100
	308 Winwick Road
	Warrington
	Cheshire
	WA2 8 JE
Indepth Cleaning (Ireland) Limited	9 Clare Street	Ordinary Shares	100
	Dublin
	Republic of Ireland

The investment in subsidiary and associated companies are valued at cost, as permitted by section 9 of the Financial Reporting Standard 102.

17. Stocks

	Group		Company
	2024	2023	2024	2023
	£	£	£	£
Raw materials and consumables	300	300	–	–
	----	----	----	----

18. Debtors

	Group		Company
	2024	2023	2024	2023
	£	£	£	£
Trade debtors	2,386,239	2,825,284	21,974	7,350
Amounts owed by group undertakings	–	–	344,572	–
Prepayments and accrued income	946,230	572,038	59,960	47,588
Directors loan account	62,085	54,434	62,085	54,434
Other debtors	129,950	192,826	125,019	91,006
	------------	------------	---------	---------
	3,524,504	3,644,582	613,610	200,378
	------------	------------	---------	---------

19. Cash and cash equivalents

Cash and cash equivalents comprise the following:

	2024	2023
	£	£
Bank overdrafts	( 169,805)	( 62,838)
	---------	--------

20. Creditors: amounts falling due within one year

	Group		Company
	2024	2023	2024	2023
	£	£	£	£
Bank loans and overdrafts	169,805	62,838	21,996	3,492
Trade creditors	360,031	411,132	46,353	41,630
Bills of exchange payable	776,677	912,006	–	–
Amounts owed to group undertakings	–	–	951,230	446,576
Accruals and deferred income	456,242	403,115	37,863	30,237
Corporation tax	1,232	–	–	–
Social security and other taxes	746,254	753,993	3,876	3,921
Obligations under finance leases and hire purchase contracts	201,891	187,728	–	–
Other creditors	490,881	356,340	3,924	( 1,680)
	------------	------------	------------	---------
	3,203,013	3,087,152	1,065,242	524,176
	------------	------------	------------	---------

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

	Group		Company
	2024	2023	2024	2023
	£	£	£	£
Obligations under finance leases and hire purchase contracts	125,179	215,165	–	–
	---------	---------	----	----

22. Finance leases and hire purchase contracts

The total future minimum lease payments under finance leases and hire purchase contracts are as follows:

	Group		Company
	2024	2023	2024	2023
	£	£	£	£
Not later than 1 year	201,891	187,728	–	–
Later than 1 year and not later than 5 years	125,179	215,165	–	–
	---------	---------	----	----
	327,070	402,893	–	–
	---------	---------	----	----

23. Provisions

Group	Deferred tax (note 24)
	£
At 1 November 2023	88,544
Additions	27,608
Charge against provision	( 4,970)
	---------
At 31 October 2024	111,182
	---------

Company	Deferred tax (note 24)
	£
At 1 November 2023	9,116
Additions	688
	-------
At 31 October 2024	9,804
	-------

24. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	Group		Company
	2024	2023	2024	2023
	£	£	£	£
Included in provisions (note 23)	111,182	88,544	9,804	9,116
	---------	--------	-------	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	Group		Company
	2024	2023	2024	2023
	£	£	£	£
Accelerated capital allowances	111,182	88,544	688	9,116
	---------	--------	----	-------

The deferred tax liability set out above is expected to reverse within 12 months and relates to accelerated capital allowances that are expected to mature within the same period.

25. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 199,370 (2023: £ 215,647 ).

26. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	300,000	300,000	300,000	300,000
	---------	---------	---------	---------

27. Analysis of changes in net debt

	At 1 Nov 2023	Cash flows	At 31 Oct 2024
	£	£	£
Bank overdrafts	(62,838)	(106,967)	(169,805)
Debt due within one year	(187,728)	(14,163)	(201,891)
Debt due after one year	(215,165)	89,986	(125,179)
	---------	---------	---------
	( 465,731)	( 31,144)	( 496,875)
	---------	---------	---------

28. Operating leases

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

	Group		Company
	2024	2023	2024	2023
	£	£	£	£
Not later than 1 year	82,500	82,500	82,500	82,500
Later than 1 year and not later than 5 years	330,000	330,000	330,000	330,000
Later than 5 years	412,500	495,000	412,500	495,000
	---------	---------	---------	---------
	825,000	907,500	825,000	907,500
	---------	---------	---------	---------

29. Charges on assets

A Deed of Guarantee and Indemnity was granted to Lloyds Bank Commercial Finance Limited in respect of the company and its subsidiary, In Depth Services (Cleaning) Limited on 26 November 2007 and remains in place.

On 16 October 2013 a Deed of Guarantee and Indemnity was granted to LLoyds Bank Commercial Finance Limited in respect of the subsidiary company, Incredible Window Cleaning Limited, and remains in place.

The balances outstanding on the two accounts were both in debit at the year end.

IDG Holdings Limited

Notes to the Financial Statements (continued)

Year ended 31 October 2024

30. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company and its subsidiary undertakings:

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr P W Roach	54,433	62,085	( 54,433)	62,085
	--------	--------	--------	--------

	2023
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr P W Roach	108,610	( 54,176)	–	54,434
	---------	--------	----	--------

31. Related party transactions

Company

One of the company directors was paid consultancy fees by the company, on an ad hoc basis during the year amounting to £33k (2023 - £32k.) During the period under review, the company paid rent of £82,500 (2023 - £82,500) in respect of its premises at Leonard House, Warrington to the IDG Holdings Limited Self Administered Pension Scheme. In 2019 the company signed a 15 year lease with the pension fund, with regards to the property. It has a lease commitment until 2034. Two of the company directors, are trustees and beneficiaries of the IDG Holdings Limited Self Administered Pension Scheme.

32. Controlling party

The ultimate controlling party is P W Roach by virtue of his 100% shareholding in the company.