REGISTERED NUMBER: 10676564 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Competitive Cleaning Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Collett

N L Collett

REGISTERED OFFICE:

Greenhill House

First Floor East Wing

Thorpe Road

Peterborough

Cambridgeshire

PE3 6RU

REGISTERED NUMBER:

10676564 (England and Wales)

ACCOUNTANTS:

Hills Accountants Limited

Greenhill House

First Floor East Wing

Thorpe Road

Peterborough

Cambridgeshire

PE3 6RU

FIXED ASSETS

Intangible assets

4

12,895

17,194

Tangible assets

5

9,411

12,571

22,306

29,765

CURRENT ASSETS

Stocks

29,500

20,250

Debtors

6

283,649

208,372

Cash at bank

8,241

2,365

321,390

230,987

CREDITORS

Amounts falling due within one year

7

341,379

261,328

NET CURRENT LIABILITIES

(19,989

)

(30,341

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,317

(576

)

CREDITORS

Amounts falling due after more than one year

8

-

10,500

NET ASSETS/(LIABILITIES)

2,317

(11,076

)

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

11

2,316

(11,077

)

SHAREHOLDERS' FUNDS

2,317

(11,076

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2025 and were signed on its behalf by:

N L Collett - Director

1.	STATUTORY INFORMATION

Competitive Cleaning Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 164 (2023 - 164 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

42,988

AMORTISATION

At 1 January 2024

25,794

Charge for year

4,299

At 31 December 2024

30,093

NET BOOK VALUE

At 31 December 2024

12,895

At 31 December 2023

17,194

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

28,183

DEPRECIATION

At 1 January 2024

15,612

Charge for year

3,160

At 31 December 2024

18,772

NET BOOK VALUE

At 31 December 2024

9,411

At 31 December 2023

12,571

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

263,911

205,022

Other debtors

19,738

3,350

283,649

208,372

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

197,654

167,236

Trade creditors

24,039

12,112

Taxation and social security

118,801

81,980

Other creditors

885

-

341,379

261,328

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

-

10,500

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Debt factoring

187,150

160,237

Included in 'Bank loans and overdrafts' is an amount of £187,150 ( 2023 £160,237 ) owing to a debt factoring company which is secured against the trade debtors of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1

Ordinary

£1

1

1

11.

RESERVES

Retained

earnings

£

At 1 January 2024

(11,077

)

Profit for the year

15,393

Dividends

(2,000

)

At 31 December 2024

2,316

12.	RELATED PARTY DISCLOSURES

As as 31 December 2024 the company is owed £8,024 (from) (2023-£3,350 (from)) Mr N Collett in respect of his directors loan account.