Company registration number 02708722 (England and Wales)
REGULAR CLEANING SERVICES LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
REGULAR CLEANING SERVICES LIMITED
COMPANY INFORMATION
Directors
P H Carrigan
C Goad
Secretary
P H Carrigan
Company number
02708722
Registered office
Aldworth House
1 Aldworth Grove
London
SE13 6HJ
Auditor
Azets Audit Services
2nd Floor
Regis House
45 King William Street
London
United Kingdom
EC4R 9AN
REGULAR CLEANING SERVICES LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2 - 3
Directors' responsibilities statement
4
Independent auditor's report
5 - 7
Statement of comprehensive income
8
Balance sheet
9
Statement of changes in equity
10
Statement of cash flows
11
Notes to the financial statements
12 - 21
REGULAR CLEANING SERVICES LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The directors present the strategic report for the year ended 31 March 2025.

Review of the business

The directors are pleased to report another successful year for the company. The company has continued to increase turnover and gross profit. Margins have been maintained and overheads controlled. The company has achieved an overall profit after taxation of £792,422 (2024: £484,197).

Social Value contribution for the reporting period is £3.7m. The largest contributor to this was £2.5m from volunteering in local community charity projects.

We have measured our full carbon footprint (scope 1, 2 and 3) for the reporting year 2,174.8 tCO2e. From April 2025 we believe our scope 1 and 2 will be zero. We are working with our supply chain to meet Net Zero by 2040.

Principal risks and uncertainties

The main risk to the company is the loss of a key contract. The risk is managed by maintaining regular contact with customers, in particular, the facilities managers who play a vital role in negotiating and operating the cleaning contracts for their companies.

The directors recognise that to maintain cleaning contracts it is vital to provide a high quality, value for money service and with this in mind the company ensures that all of its staff receive the best training available. A brand differentiation strategy through selective marketing has led to an increase in sales enquiries and consequent growth in new business prospects.

The directors are mindful of all key contracts which are due to be renewed in the coming year and will be striving to ensure they are retained by the company. In the event that the company does lose a significant contract it would inevitably have to be managed by reviewing staff levels.

Key performance indicators

Given the straight forward nature of the business, the company's directors are of the opinion that analysis using KPIs is not necessary for an understanding of the development, performance or position of the business.

On behalf of the board

C Goad
Director
3 November 2025
REGULAR CLEANING SERVICES LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -

The directors present their annual report and financial statements for the year ended 31 March 2025.

Principal activities

The principal activity of the company continued to be that of a cleaning contractors including commercial cleaning, window cleaning, specialist cleaning and green cleaning.

Results and dividends

The results for the year are set out on page 8.

Dividends have been paid in the year amounting to £2,406,754 (2024: £500,600).

Going Concern

The directors recognise the importance of recruiting and retaining enough colleagues to provide core services is paramount to the company’s stability and growth. They have continued to develop the benefits package and provide individual development plans to all colleagues. Retention rates remain high, average length of service is above 4 years and over 90% of colleagues are now paid at or above the real living wage.

We are maintaining strong relationships with existing clients whilst engaging new business and increasing our market share by 23% in the reporting period. During the reporting period we have onboarded a range of new clients, further expanding our portfolio.

The directors have a reasonable expectation that the company will have sufficient funds to continue to meet its liabilities as they fall due for the foreseeable future and have therefore prepared the financial statements on a going concern basis.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

P H Carrigan
C Goad
Qualifying third party indemnity provisions

The company has made qualifying third party indemnity provisions for the benefit of its directors during the year. These provisions remain in force at the reporting date.

Disabled persons

Applications for employment by disabled persons

Our recruitment and selection policy states that we are committed to the employment of people with disabilities who meet the minimum selection criteria for a vacancy.

Policy on arrangements for able bodied people that develop disabilities

Our Equal Opportunities Policy contains a code of good practice on disability which states that an individual who becomes disabled whilst in employment will receive support to ensure, wherever possible, they are able to continue in their role. This will involve whatever reasonable adjustments that can be made, in consultation with the individual. Again, in consultation with the individual, other positions will be considered, where the individual's skills and abilities match the requirements of the role, making reasonable adjustments wherever possible.

Policy on training and career development of disabled people

We ensure that training and career development is equally available to people with disabilities, tailored where practicable for their specific needs.

REGULAR CLEANING SERVICES LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
Employee involvement

We have a commitment to maintain employee involvement throughout the business.

Employees are kept well informed through a network of managers. In addition a company newsletter and employee recognition scheme encourages communication between site based and Head Office based staff.

Future developments

The external commercial environment is expected to remain competitive. The directors are confident that a similar level of business will be maintained for the foreseeable future.

Auditor

In accordance with the company's articles, a resolution proposing that Azets Audit Services be reappointed as auditor of the company will be put at a General Meeting.

Matters covered in Strategic Report

T he company has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the company's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report. It has done so in respect of the Fair review of the business, Principal risks and uncertainties, and Key performance indicators.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

On behalf of the board
C Goad
Director
3 November 2025
REGULAR CLEANING SERVICES LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -

The directors are responsible for preparing the annual 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 company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements 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.

REGULAR CLEANING SERVICES LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF REGULAR CLEANING SERVICES LIMITED
- 5 -
Opinion

We have audited the financial statements of Regular Cleaning Services Limited (the 'company') for the year ended 31 March 2025 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 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 company's affairs as at 31 March 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- 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 company 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 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 contained within the annual report. 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. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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 our audit:

- the information given in the strategic report and the directors' r eport 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.

REGULAR CLEANING SERVICES LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF REGULAR CLEANING SERVICES LIMITED
- 6 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

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, or returns adequate for our audit have not been received from branches not visited by us; or

- the 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' r esponsibilities s tatement, 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 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 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.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

REGULAR CLEANING SERVICES LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF REGULAR CLEANING SERVICES LIMITED
- 7 -

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we 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. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

- Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;

- Reviewing minutes of meetings of those charged with governance;

- Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

- Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. 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.

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.

Toby Mason
Senior Statutory Auditor
For and on behalf of Azets Audit Services
4 November 2025
Chartered Accountants
Statutory Auditor
2nd Floor
Regis House
45 King William Street
London
United Kingdom
EC4R 9AN
REGULAR CLEANING SERVICES LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
2025
2024
Notes
£
£
Turnover
3
37,221,364
30,252,216
Cost of sales
(29,769,125)
(24,038,787)
Gross profit
7,452,239
6,213,429
Administrative expenses
(6,351,204)
(5,542,646)
Other operating income
4,886
10,084
Operating profit
4
1,105,921
680,867
Interest receivable and similar income
1
79
Profit before taxation
1,105,922
680,946
Tax on profit
7
(313,500)
(196,749)
Profit for the financial year
792,422
484,197

The profit and loss account has been prepared on the basis that all operations are continuing operations.

REGULAR CLEANING SERVICES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 9 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
9
304,878
530,586
Current assets
Stocks
10
-
3,637
Debtors
11
4,759,080
5,020,059
Cash at bank and in hand
3,673,686
3,659,911
8,432,766
8,683,607
Creditors: amounts falling due within one year
12
(7,008,803)
(5,816,695)
Net current assets
1,423,963
2,866,912
Total assets less current liabilities
1,728,841
3,397,498
Provisions for liabilities
Deferred tax liability
13
10,538
64,863
(10,538)
(64,863)
Net assets
1,718,303
3,332,635
Capital and reserves
Called up share capital
15
9,920
9,920
Share premium account
61,911
61,911
Other reserves
606,030
606,030
Profit and loss reserves
1,040,442
2,654,774
Total equity
1,718,303
3,332,635
The financial statements were approved by the board of directors and authorised for issue on 3 November 2025 and are signed on its behalf by:
C Goad
Director
Company Registration No. 02708722
REGULAR CLEANING SERVICES LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
Share capital
Share premium account
Other reserves
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 April 2023
9,940
61,911
606,010
2,671,177
3,349,038
Year ended 31 March 2024:
Profit and total comprehensive income for the year
-
-
-
484,197
484,197
Dividends
8
-
-
-
(500,600)
(500,600)
Redemption of shares
15
(20)
-
0
-
-
0
(20)
Transfers
-
-
20
-
0
20
Balance at 31 March 2024
9,920
61,911
606,030
2,654,774
3,332,635
Year ended 31 March 2025:
Profit and total comprehensive income for the year
-
-
-
792,422
792,422
Dividends
8
-
-
-
(2,406,754)
(2,406,754)
Balance at 31 March 2025
9,920
61,911
606,030
1,040,442
1,718,303
REGULAR CLEANING SERVICES LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
- 11 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
19
2,639,550
960,847
Income taxes paid
(213,106)
(189,446)
Net cash inflow from operating activities
2,426,444
771,401
Investing activities
Purchase of tangible fixed assets
(23,356)
(174,440)
Proceeds from disposal of tangible fixed assets
17,440
12,400
Interest received
1
79
Net cash used in investing activities
(5,915)
(161,961)
Financing activities
Dividends paid
(2,406,754)
(500,600)
Net cash used in financing activities
(2,406,754)
(500,600)
Net increase in cash and cash equivalents
13,775
108,840
Cash and cash equivalents at beginning of year
3,659,911
3,551,071
Cash and cash equivalents at end of year
3,673,686
3,659,911
REGULAR CLEANING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 12 -
1
Accounting policies
Company information

Regular Cleaning Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Aldworth House, 1 Aldworth Grove, London, SE13 6HJ.

1.1
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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors recognise the importance of recruiting and retaining enough colleagues to provide core services is paramount to the company’s stability and growth. They have continued to develop the benefits package and provide individual development plans to all colleagues. Retention rates remain high, average length of service is above 4 years and over 90% of colleagues are now paid at or above the real living wage.true

We are maintaining strong relationships with existing clients whilst engaging new business and increasing our market share by 23% in the reporting period. During the reporting period we have onboarded a range of new clients, further expanding our portfolio.

The directors have a reasonable expectation that the company will have sufficient funds to continue to meet its liabilities as they fall due for the foreseeable future and have therefore prepared the financial statements on a going concern basis.

1.3
Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of discounts, rebates, VAT and other sales related taxes. The following criteria must also be met before revenue is recognised:

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;

- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over goods sold;

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from a contract for the provision of services is recognised in the period which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

REGULAR CLEANING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 13 -
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Improvements to property
25% straight line
Plant and equipment
33% straight line
Fixtures and fittings
15% straight line
Office equipment
33% straight line
Motor vehicles
33% straight line
Motor vehicles
20% reducing balance

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.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

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.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

REGULAR CLEANING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 14 -
Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

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 liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts 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. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

REGULAR CLEANING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 15 -
Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are s ubsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account 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.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

REGULAR CLEANING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 16 -
1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

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

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
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 lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

No significant judgements or accounting estimates have been made by the company in preparing these financial statements.

3
Turnover and other revenue

All turnover arose within the United Kingdom.

4
Operating profit
2025
2024
Operating profit for the year is stated after charging/(crediting):
£
£
Fees payable to the company's auditor for the audit of the company's financial statements
9,250
8,650
Depreciation of owned tangible fixed assets
248,068
252,241
Profit on disposal of tangible fixed assets
(16,444)
(12,400)
Operating lease charges
94,657
97,418
5
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Cleaners
969
858
Senior management and directors
6
6
Area manager, supervisor & admin staff
76
69
Total
1,051
933
REGULAR CLEANING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
5
Employees
(Continued)
- 17 -

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
24,581,858
19,474,581
Social security costs
2,038,444
1,560,146
Pension costs
475,868
350,665
27,096,170
21,385,392
6
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
174,304
114,877
Company pension contributions to defined contribution schemes
8,188
3,060
182,492
117,937
7
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
367,825
213,079
Deferred tax
Origination and reversal of timing differences
(54,325)
(16,330)
Total tax charge
313,500
196,749

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
1,105,922
680,946
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
276,481
170,237
Tax effect of expenses that are not deductible in determining taxable profit
37,045
26,140
Permanent capital allowances in excess of depreciation
(26)
372
Taxation charge for the year
313,500
196,749
REGULAR CLEANING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 18 -
8
Dividends
2025
2024
£
£
Final paid
2,406,754
500,600
9
Tangible fixed assets
Improvements to property
Plant and equipment
Fixtures and fittings
Office equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 April 2024
604,011
18,790
100,346
282,302
168,143
1,173,592
Additions
-
0
-
0
-
0
23,356
-
0
23,356
Disposals
-
0
-
0
-
0
(100,144)
(67,550)
(167,694)
At 31 March 2025
604,011
18,790
100,346
205,514
100,593
1,029,254
Depreciation and impairment
At 1 April 2024
278,410
8,943
47,274
193,016
115,363
643,006
Depreciation charged in the year
148,748
5,137
13,742
58,935
21,506
248,068
Eliminated in respect of disposals
-
0
-
0
-
0
(100,144)
(66,554)
(166,698)
At 31 March 2025
427,158
14,080
61,016
151,807
70,315
724,376
Carrying amount
At 31 March 2025
176,853
4,710
39,330
53,707
30,278
304,878
At 31 March 2024
325,601
9,847
53,072
89,286
52,780
530,586
10
Stocks
2025
2024
£
£
Raw materials and consumables
-
3,637
11
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
4,417,790
4,701,431
Other debtors
5,378
9,124
Prepayments and accrued income
335,912
309,504
4,759,080
5,020,059
REGULAR CLEANING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 19 -
12
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,263,044
1,071,949
Corporation tax
367,825
213,106
Other taxation and social security
1,614,382
1,234,428
Other creditors
1,815,649
1,764,368
Accruals and deferred income
1,947,903
1,532,844
7,008,803
5,816,695
13
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
10,538
64,863
2025
Movements in the year:
£
Liability at 1 April 2024
64,863
Credit to profit or loss
(54,325)
Liability at 31 March 2025
10,538
14
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
475,868
350,665

The company operates two defined contribution pension schemes. The schemes' assets are held separately from those of the company in independently administered funds. The pension charge reflected in these financial statements represents contributions payable by the company to the funds.

Outstanding contributions at the year end were £98,906 (2024: £75,523).

REGULAR CLEANING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 20 -
15
Share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
6,800 'A' Ordinary Shares of £1 each
6,800
6,800
2,130 'B' Ordinary Shares of £1 each
2,130
2,130
10 'J' Ordinary Shares of £1 each
70
70
10 'Q' Ordinary Shares of £1 each
10
10
10 'S' Ordinary Shares of £1 each
10
10
200 'T' Ordinary Shares of £1 each
200
200
200 'U' Ordinary Shares of £1 each
200
200
200 'V' Ordinary Shares of £1 each
200
200
300 'W' Ordinary Shares of £1 each
300
300
9,920
9,920

The A, B, T, U, V, and W Ordinary Shares are non-redeemable and carry full voting, dividend, and capital distribution rights (including on winding up).

The J, Q, and S Ordinary Shares are non-voting and non-redeemable, but carry full rights to dividends and capital distributions (including on winding up).

For all classes of Ordinary Shares, the Board of Directors may, at any time, resolve to declare dividend payments of different amounts payable on each class of share, or declare a dividend payable on one class to the exclusion of the others.

16
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within one year
104,929
127,996
Between two and five years
193,517
298,446
298,446
426,442
17
Directors' transactions

Dividends totalling £26,000 (2024: £408,275) were paid in the year in respect of shares held by the company's directors.

18
Ultimate controlling party

On 27 June 2024, Regular Cleaning Holdings Ltd became the immediate controling party as it acquired 100% of the share capital of the company.

There is not considered to be an ultimate controlling party as no individual holds more than 50% of the shares or voting rights.

REGULAR CLEANING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 21 -
19
Cash generated from operations
2025
2024
£
£
Profit for the year after tax
792,422
484,197
Adjustments for:
Taxation charged
313,500
196,749
Investment income
(1)
(79)
Gain on disposal of tangible fixed assets
(16,444)
(12,400)
Depreciation and impairment of tangible fixed assets
248,068
252,241
Movements in working capital:
Decrease in stocks
3,637
3,655
Decrease/(increase) in debtors
260,979
(128,528)
Increase in creditors
1,037,389
165,012
Cash generated from operations
2,639,550
960,847
20
Analysis of changes in net funds
1 April 2024
Cash flows
31 March 2025
£
£
£
Cash at bank and in hand
3,659,911
13,775
3,673,686
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