City Contract Cleaners Ltd iXBRL

Company Registration Number: NI025525

City Contract Cleaners Ltd

Unaudited Financial Statements

for the financial year ended 31 January 2025

City Contract Cleaners Ltd

Company Registration Number: NI025525

Statement of Financial Position

as at 31 January 2025

		2025	2024
	Notes	£	£

Fixed Assets

Tangible assets

13,591

18,024

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Current Assets

Stocks

3,800

3,800

Debtors

130,223

12,173

Cash and cash equivalents

96,180

─────────

230,203

16,000

─────────

Creditors: amounts falling due within one year

(106,306)

(51,604)

─────────

Net Current Assets/(Liabilities)

123,897

(35,604)

─────────

Total Assets less Current Liabilities

137,488

(17,580)

Creditors:

amounts falling due after more than one year

(16,875)

(21,051)

Provisions for liabilities

(3,398)

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Net Assets/(Liabilities)

117,215

(38,631)

═════════

Capital and Reserves

Called up share capital

Retained earnings

117,205

(38,641)

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Equity attributable to owners of the company

117,215

(38,631)

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 24 October 2025 and signed on its behalf by



________________________________
Mr Francis Creaney
Director

City Contract Cleaners Ltd

Notes to the Financial Statements

for the financial year ended 31 January 2025

General Information

City Contract Cleaners Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI025525. The registered office of the company is 9 Hillview Road,, Belfast, Co. Antrim, BT14 7BT. The principal activity of the company is contract cleaning services. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 January 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

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 and loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue

Revenue 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.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery

15% reducing balance

Fixtures, fittings and equipment

15% reducing balance

Motor vehicles

15% reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Employee benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

Pensions

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 in finance costs in profit or loss in the period in which it arises.

Financial Instruments

A financial asset or a financial liability is recognised only when the company 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. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivates, are initially recognised fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversal 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.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including directors, during the financial year was 5, (2024 - 5).

2025

2024

Number

Number

Employees

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4.	Tangible assets
		Plant and	Fixtures,	Motor	Total
		machinery	fittings and	vehicles
			equipment
		£	£	£	£
	Cost
	At 1 February 2024	59,775	8,620	75,761	144,156
	Disposals	-	(512)	(15,995)	(16,507)
		─────────	─────────	─────────	─────────
	At 31 January 2025	59,775	8,108	59,766	127,649
		─────────	─────────	─────────	─────────
	Depreciation
	At 1 February 2024	59,644	7,182	59,306	126,132
	Charge for the financial year	20	188	2,190	2,398
	On disposals	-	(331)	(14,141)	(14,472)
		─────────	─────────	─────────	─────────
	At 31 January 2025	59,664	7,039	47,355	114,058
		─────────	─────────	─────────	─────────
	Net book value
	At 31 January 2025	111	1,069	12,411	13,591
		═════════	═════════	═════════	═════════
	At 31 January 2024	131	1,438	16,455	18,024
		═════════	═════════	═════════	═════════


5.	Stocks	2025	2024
		£	£

	Finished goods and goods for resale	3,800	3,800
		═════════	═════════

	The replacement cost of stock did not differ significantly from the figures shown.


6.	Debtors	2025	2024
		£	£

	Trade debtors	124,762	19,938
	Directors' current accounts (Note 13)	4,596	(7,765)
	Prepayments and accrued income	865	-
		─────────	─────────
		130,223	12,173
		═════════	═════════

Creditors

2025

2024

Amounts falling due within one year

Bank overdrafts

9,736

Bank loans

4,176

3,584

Trade creditors

9,450

2,333

Amounts owed to connected parties (Note 12)

24,288

21,060

Taxation

66,477

13,884

Other creditors

1,915

1,007

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106,306

51,604

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Bank loans owed to Bank of Ireland were secured by fixed and floating charge security over the assets of the company.


8.	Creditors	2025	2024
	Amounts falling due after more than one year	£	£

	Bank loan	16,875	21,051
		═════════	═════════

	Loans
	Repayable in one year or less, or on demand (Note 7)	4,176	13,320
	Repayable between one and two years	4,219	4,219
	Repayable between two and five years	12,656	12,656
	Repayable in five years or more	-	4,176
		─────────	─────────
		21,051	34,371
		═════════	═════════

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Capital

Total

Total

allowances

2025

2024

At financial year start

Charged to profit and loss

3,398

3,398

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At financial year end

3,398

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10.

Pension costs - defined contribution

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Pension costs amounted to £1,702 (2024 - £416).

11.

Capital commitments

The company had no material capital commitments at the financial year-ended 31 January 2025.

12.

Related party transactions

The following amounts are due to other connected parties:

2025

2024

Ryak Cleaning Limited

24,288

21,060

═════════

Ryak Cleaning Limited is a related party, due to the common directorship of Francis Creaney. The balance owed to Ryak Cleaning Limited by the company at the year end was £24,288 (2024: £21,060).

13.

Directors' advances, credits and guarantees

At the reporting date, a Director, Martin McCartney owed the company £4,596 (2024: company owed the Director £7,765).

14.

Events After the End of the Reporting Period

There have been no significant events affecting the company since the financial year-end.