Bulloughs Cleaning Services Limited

	Page
Strategic Report	1—2
Directors' Report	3—6
Independent Auditor's Report	7—10
Profit and Loss Account	11
Statement of Comprehensive Income	12
Balance Sheet	13
Statement of Changes in Equity	14
Cash Flow Statement	15
Notes to the Cash Flow Statement	16
Notes to the Financial Statements	17—24

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

Principal Activity

The principal activity of the company in the year under review was providing contract cleaning services.

Review of the Business

The company's registered office is Craven House, Carleton New Road, Skipton, North Yorkshire, BD23 2DE.

The directors aim to present a balanced and comprehensive review of the development and performance of the business during the year and its position at the year end. The review is consistent with the size and non-complex nature of the business and is written in the context of the risks and uncertainties faced.

As a contract cleaning company, the company continues to deal with schools, local authorities, large and small companies, providing their cleaning needs. The company's activities are organised into three divisions being "Contract", "Industrial" and "Window" cleaning.

Principal Risks and Uncertainties

As for many businesses this size, the business environment within which it operates continues to be challenging. The contract cleaning market in the north of England, and the UK as a whole, continues to be extremely competitive. The business faces competition, not only from other large cleaning companies, but smaller entities without the associated overheads.

With these risks and uncertainties in mind, the directors are aware that any plans for the future development of the business may be subject to unforeseen future events outside of their control. Looking forward the directors are concentrating on building long term contract partnerships in areas where the quality of service and the effective training of staff is a priority and where realistic profit margins can be maintained.

Financial risk

The company has no bank borrowings or hire purchase agreements and therefore has very limited exposure to financial risks that include the effect of changes in credit, liquidity and interest rate risk.

Credit risk

The company has implemented policies that require appropriate credit checks on customers before sales are made.

Liquidity risk

The directors believe that the company has sufficient funds available to support its activities in the future.

Brexit risk

The directors are aware of the risks and uncertainties surrounding the UK's withdrawal from the European Union. Whilst the company has limited exposure to the uncertainty created in respect of the various risks, the directors are aware that any future plans may be subject to unforeseen circumstances outside of the directors' control. The company has therefore implemented policies that maintained a strong balance sheet to minimise these risks and allow the continuing operational capabilities of the business.

Financial key performance indicators

The directors consider that the key financial performance indicators are those that communicate the financial performance and strength of the company as a whole, these being turnover, gross margin and return on capital employed.

The turnover of the company has increased on the previous year by 20%. The company has secured new, large contracts particularly for sites who previously employed Local Government staff. In addition, they have facilitated sales growth in key areas within the business operations.

All divisions of the company have shown growth during the year and this has left the company in a good financial position at the end of the year, in line with expectations.

Gross profit margins have fallen from 10.5% in 2024 to 10.1% in 2025.

Overall, operating profit has fallen from £1,552,905 to £1,460,640, but profit before tax has increased to £2,138,342. Shareholders funds amounted to £16,447,175 at the year end.

Return on capital employed has decreased from 10.3% to 8.7%. This is calculated as operating profit divided by capital employed, which constitutes total assets, less current liabilities.

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Bulloughs Cleaning Services Limited

Strategic Report (continued)

For The Year Ended 31 August 2025

Principal Risks and Uncertainties - continued

Other key performance indicators

The directors and management team are committed to a culture of continuous improvement and recognise that continued investment in equipment, technology and people are crucial to enable the company to continue to deliver the exceptional level of service that it is renowned for.

Process improvement and efficiency continue to be a major focus throughout the year to allow us to provide a complete cleaning service to all our clients.

Directors' statement of compliance with section 172(1)

The directors consider, both individually and together, that they have acted in the way they consider in good faith, would be most likely to promote the success of the Company for the benefit of its members as a whole (having regard to the stakeholders and matters set out in S172 of the Act) in the decisions taken during the year.

Our plans are designed to have long term beneficial impact on the company and to contribute to its success by providing our customers with high-quality cleaning solutions. We achieve these objectives by continuing to monitor market trends, by investing in people and focusing on improving our customer service, along with continued focus on bringing new initiatives and services to market that generate value for our customers, employees and stakeholders.

Our employees are fundamental to the delivery of our plans. We aim to be a responsible and attractive employer in our approach to the pay and benefits our employees receive and the opportunities they have to grow their careers. The directors are committed to employees' health, wellbeing and training, engaging with specialists for external training and providing in-house sessions where required.

Our plans are formed by engagement with our suppliers and customers, enabling us to gain an in depth understanding of their needs and priorities. We aim to act responsibly and fairly in how we engage with all stakeholders.

We consider the impact of the company's operations on the community and environment. We aim to employ local people and utilise the services of local companies as far as is possible.

As directors, our intention is to behave responsibly and ensure that management operates the business in a responsible manner, operating within the high standards of business conduct and good governance expected for a business such as ours, and in doing so, will contribute positively to the delivery of our plans.

As directors, our intention is to behave responsibly towards our shareholders and treat them fairly and equally so that they too may benefit from the successful delivery of our plans.

On behalf of the board

Mr D S Bullough

Director

15/12/2025

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Bulloughs Cleaning Services Limited

Company No. 02101304

Directors' Report For The Year Ended 31 August 2025

Directors' Report

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

Future Developments

The directors are not expecting to make any significant changes in the nature of the business in the near future.

Directors

The directors who held office during the year were as follows:

Mr D S Bullough
Mr M Bogg
Mr D S Wellock
Miss K H Bullough
Mr H J Bullough	Appointed	01/09/2025

Post Balance Sheet Events

There have been no significant events affecting the Company since the year end.

Employees

It is company policy that employees should be kept as fully informed as practical concerning the activities of the company. The Company provides regular updates to its employees through different media forms.

The company consults employees through an annual appraisal process and through its line managerial structure on a continual basis, where views and opinions are considered and fed back to the senior management team and directors.

The company results are shared with the employees to ensure goal congruence and employees are appraised and remunerated on both their own personal performance and the wider performance of the company in both financial and other additional factors.

Employees are aware of the medium and long - term strategy of the company and all factors affecting the company in commercial terms are communicated to them on an ongoing basis to ensure a common approach.

The company recognises the high standards required to ensure the health, safety and welfare of its employees at work, its customers and the general public. Company policies in this regard are regularly reviewed with the object of ensuring that these standards are achieved.

Disabled Employees

The company is an equal opportunities employer. Applications for employment by disabled persons are always fully considered, bearing in mind the respective aptitudes and abilities of the applicant concerned. All disabled employees are eligible for training and promotion and, within the limits of their disabilities, are given equal consideration with other applicants.

Statement of Engagement with Suppliers, Customers and Others in a Business Relationship with the Company

The directors believe in building long term, strong and sustainable relationships with our customers and suppliers. This approach has enabled us to win long term contracts of supply with our customers.

The company actively plays a part within the local community as it aims to employ local people and utilise the services of local companies as far as is possible. The directors are committed to employees' health, wellbeing and training, engaging with specialists for external training and providing in-house sessions for team leaders and managers during working time.

Streamlined Energy and Carbon Reporting

This section includes our mandatory reporting of greenhouse gas emissions for the latest annual period for which the data is available, and is pursuant to the Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013.

Between 1st December 2023 and 30th November 2024, Bulloughs Cleaning Services Limited consumed 1,087,485 kWh of energy. This was split between gas (62,792 kWh - 5.7%), grid electricity (33,128 kWh - 3.1%), electricity generated onsite from Solar PV (13,777 kWh - 1.3%), transport based diesel (682,453 kWh - 62.8%) and transport based petrol (295,335 kWh - 27.1%).

We have selected an emissions intensity of `kgC02e per £m of revenue’ as, in our view, this provides the best comparative measure over time.

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Bulloughs Cleaning Services Limited

Directors' Report (continued)

For The Year Ended 31 August 2025

Streamlined Energy and Carbon Reporting - continued

Energy

Fuel 242,000 kgCO2e

Electricity 9,712 kgCO2e

Gas 11,485 kgCO2e

Total kgCO2e = 263,917 (PY - 281,970)

This equates to 5,832 kgCO2e per £m of revenue. (2024 - 7,484 kgCO2e per £m of revenue).

Reducing carbon emissions

The company takes its responsibility to energy consumption and climate control very seriously and therefore takes steps to monitor and control usage with a commitment to reduce consumption.

During the year we have continued to assess and monitor our energy use and, where practicable, we have implemented measures to reduce the environmental impact of our activities.

To reduce electricity and gas consumption a number of energy saving strategies have been implemented including the adoption of an energy efficient procurement policy, plug timers, a staff training & energy saving strategy.

In order to reduce energy consumption from transportation, Bulloughs Cleaning Services Limited are transitioning to the increased use of both full electric and hybrid vehicles within its fleet, along with the use of more fuel-efficient vehicles where the use of electric transportation is not yet possible. The company also utilises driver fuel performance training and has invested in safe and efficient driver awards.

Statement of corporate governance arrangements

1. Purpose of this Statement

This statement sets out the corporate governance arrangements in place for Bulloughs Cleaning Services Ltd, a private limited company engaged in the provision of professional commercial contract cleaning services. The arrangements are designed to ensure the company operates with integrity, transparency, and accountability while meeting all legal, regulatory, and contractual obligations.

Our Mission is to create clean and safe spaces through a best value, operations-led cleaning service.

Our Vision is to deliver industry-leading cleaning services through investment in people and environmentally friendly technology and techniques.

2. Governance Framework

The company adopts governance practices proportionate to its size, ownership structure, and business activities, while ensuring compliance with the Companies Act 2006 and other relevant legislation.

• Board of Directors:

The company is managed by a Board of Directors responsible for setting strategic direction, overseeing operational performance, managing risks, and safeguarding stakeholder interests.

The Board meets bi-monthly to review financial performance, operational matters, and compliance issues.

Decisions are taken collectively, with appropriate records (agendas, minutes and actions) maintained.

• Shareholders:

Shareholders exercise their rights in accordance with the Articles of Association. Shareholder approval is required for significant decisions such as changes to share capital, alterations to the Articles, or major acquisitions/disposals.

3. Roles and Responsibilities

• Chairperson (Members of the Board rotate the role of Chairperson to ensure an even input for all) The Chairperson oversees board meetings, ensuring effective discussion and decision-making.

• Managing Director (Duncan Bullough): Responsible for day-to-day management and delivery of strategic objectives.

• Finance Director (David Wellock): Oversees financial management, budgeting, and statutory reporting.

• HR Director (Kate Bullough): Responsible for ensuring full compliance with employment law and maximising employee engagement and motivation.

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Bulloughs Cleaning Services Limited

Directors' Report (continued)

For The Year Ended 31 August 2025

Statement of corporate governance arrangements - continued

• Quality Control Manager (Richard Rowlands): Ensures contract delivery for the Daily Cleaning Division, service quality, and compliance with health & safety standards.

• Customer Relationship Manager (Jacob White): Ensures client satisfaction, responsible for reporting on all client Key Performance Indicators and overall company performance.

4. Compliance and Risk Management

The company maintains policies and procedures to ensure compliance with:

• Legal obligations – The health and safety of our customers, colleagues and wider communities is our priority and the Directors ensure all required resources are available to achieve this. To re-enforce this commitment, the company contracts the services of Peninsula Business Services Ltd. who advise and indemnify the company, via an insurance agreement, on all employment and Health & Safety issues.

• Industry standards relevant to commercial cleaning, including ISO certifications. The company is ISO9001 (Quality Management) accredited; ISO 14001 (Environmental Management) accredited. The company is an approved British Institute of Cleaning Science (BICSc) training centre (Centre Registration Number 16007972). The company is also a member of the industry’s lead trade body the Cleaning & Support Services Association (CSSA) (Membership Number 24/2018). The company has demonstrated compliance with the CHAS standards in line with the requirements of UK H&S Legislation (Membership Number CHAS-0020281). The company has also achieved SafeContractor approval (Certificate Number SZ3296).

• Data protection under the UK GDPR and Data Protection Act 2018 (Registration Number – Z1502392).

Risk management is embedded in operational processes, with regular reviews covering financial risks, client contract risks, operational health & safety, and reputational risks.

5. Ethics and Conduct

The company is committed to:

• Conducting business with honesty and fairness.

• Treating employees, clients, and suppliers with respect.

• Maintaining confidentiality and safeguarding client information.

• Preventing bribery and corruption, in compliance with the Bribery Act 2010.

• Respecting the social and physical environments we work in.

• Zero-tolerance approach to modern slavery.

We measure our performance via regular client and employee surveys to ensure all parties have a say. Breach of the company values is a disciplinary matter and our approach to diversity and inclusion focus on the right person for the role irrespective of gender, age, race or religion.

6. Internal Controls and Audit

• Financial statements are prepared in accordance with applicable accounting standards and are subject to internal review. Annual company accounts are subject to external audit before filing with Companies House.

• Internal operational audits are conducted periodically (predominantly calendar month for the majority of our clients) to ensure service quality and compliance with our contractual obligations.

7. Stakeholder Engagement

The company maintains open and transparent communication with key stakeholders, including:

• Clients – through service reviews and performance reporting.

• Employees – through regular meetings, training, and feedback systems.

• Suppliers – through fair procurement practices.

8. ESG

The far reaching risks of climate change, and it’s impact on the environment as well as the global economy are well documented and Bulloughs Cleaning Services recognises that we have an important role to play with our own policies. The company is committed to achieving Net Zero emissions by 2040 (including a carbon reduction plan).

We’re committed to reduce our carbon footprint, minimise our waste and source local sustainable products. Local sourced sustainable products – over 95% of our cleaning materials purchases are made within the UK and 25% are within 20 miles of our Head Office. We push ourselves to find a better way – we challenge ourselves to do better, such as reducing our waste production and fuel usage by 5% every year. It’s a team effort – all employees receive environmental training, we run recycling initiatives and set ourselves targets. Our high standards are formally recognised and accredited - we are accredited to British Standard BS EN ISO 14001. Net zero target (including on site services) – from 2040. We are well on the way to achieving this.

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Bulloughs Cleaning Services Limited

Directors' Report (continued)

For The Year Ended 31 August 2025

Statement of corporate governance arrangements - continued

Monitoring, Measurement and Reporting: In order to continue our progress to achieving Net Zero, we have adopted the following carbon reduction targets.

• Science based net zero carbon targets by 2040

We project that carbon emissions will decrease over the next five years to 1,088 tCO2e by 2027. This is a reduction of 42.15%.

9. Review of Governance Arrangements

This governance statement is reviewed annually by the Board of Directors to ensure it remains fit for purpose and reflects changes in legislation, business operations, or industry practice.

Results and dividends

The profit for the year, after taxation, amounted to £1,587,746 (2024 - £1,501,299).

Interim dividends of £105,000 have been paid during the year. The directors have not recommended a final dividend.

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the 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, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', 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 the 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;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
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.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

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

Independent Auditors

Under section 487(2) of the Companies Act 2006, Armstrong Watson Audit Limited will be deemed to have been reappointed as auditor 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.

On behalf of the board

Mr D S Bullough

Director

15/12/2025

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Independent Auditor's Report

to the Members of

Bulloughs Cleaning Services Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Bulloughs Cleaning Services Limited for the year ended 31 August 2025 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement 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 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 August 2025 and of its profit/(loss) 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 entity's ability to continue as a going concern for a period of at least 12 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 the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

Bulloughs Cleaning Services Limited

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 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, 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 or 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; or

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 6, 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.

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Independent Auditor's Report (continued)

to the Members of

Bulloughs Cleaning Services Limited

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:

the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations:
we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the sector,

we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management; and

identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the financial statements to material misstatement, including obtaining an

understanding of how fraud might occur, by:

making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

tested journal entries to identify unusual transactions.

assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

agreeing financial statement disclosures to underlying supporting documentation; and

enquiring of management as to actual and potential litigation and claims.

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 is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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Independent Auditor's Report (continued)

to the Members of

Bulloughs Cleaning Services Limited

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 that 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.

Rohan Day (Senior Statutory Auditor)

for and on behalf of Armstrong Watson Audit Limited , Statutory Auditor

15/12/2025

Armstrong Watson Audit Limited

Number 3 Acorn Business Park

Airedale Business Centre

Skipton

North Yorkshire

BD23 2UE

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Bulloughs Cleaning Services Limited

Profit and Loss Account

For The Year Ended 31 August 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER	3	45,127,234	37,674,262
Cost of sales		(40,584,596 )	(33,725,631 )

GROSS PROFIT		4,542,638	3,948,631

Administrative expenses		(3,081,998 )	(2,395,726 )

OPERATING PROFIT	4	1,460,640	1,552,905
Profit on disposal of fixed assets		7,669	9,151
Other interest receivable and similar income	9	670,033	437,803

PROFIT BEFORE TAXATION		2,138,342	1,999,859
Tax on Profit	10	(550,596 )	(498,560 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		1,587,746	1,501,299

The notes on pages 16 to 24 form part of these financial statements.

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Bulloughs Cleaning Services Limited

Statement of Comprehensive Income

For The Year Ended 31 August 2025

Statement of Comprehensive Income

	2025	2024
	£	£
PROFIT FOR THE FINANCIAL YEAR	1,587,746	1,501,299
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	1,587,746	1,501,299

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Bulloughs Cleaning Services Limited

Balance Sheet

As At 31 August 2025

Balance Sheet

Registered number: 02101304

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	12		766,393		623,643

			766,393		623,643
CURRENT ASSETS
Stocks	13	12,000		12,000
Debtors	14	7,951,347		6,259,341
Cash at bank and in hand		13,098,514		12,347,414

		21,061,861		18,618,755
Creditors: Amounts Falling Due Within One Year	15	(5,206,079 )		(4,140,969 )

NET CURRENT ASSETS (LIABILITIES)			15,855,782		14,477,786

TOTAL ASSETS LESS CURRENT LIABILITIES			16,622,175		15,101,429

PROVISIONS FOR LIABILITIES
Deferred Taxation	16		(175,000 )		(137,000 )

NET ASSETS			16,447,175		14,964,429

CAPITAL AND RESERVES
Called up share capital	17		10,402		10,402
Capital redemption reserve			9,600		9,600
Profit and Loss Account			16,427,173		14,944,427

SHAREHOLDERS' FUNDS			16,447,175		14,964,429

On behalf of the board

Mr D S Bullough

Director

15/12/2025

The notes on pages 16 to 24 form part of these financial statements.

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Bulloughs Cleaning Services Limited

Statement of Changes in Equity

For The Year Ended 31 August 2025

Statement of Changes in Equity

	Share Capital	Capital Redemption	Profit and Loss Account	Total
	£	£	£	£
As at 1 September 2023	10,402	9,600	13,543,128	13,563,130
Profit for the year and total comprehensive income	-	-	1,501,299	1,501,299

Dividends paid	-	-	(100,000)	(100,000)

As at 31 August 2024 and 1 September 2024	10,402	9,600	14,944,427	14,964,429


Profit for the year and total comprehensive income	-	-	1,587,746	1,587,746

Dividends paid	-	-	(105,000)	(105,000)

As at 31 August 2025	10,402	9,600	16,427,173	16,447,175

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Bulloughs Cleaning Services Limited

Cash Flow Statement

For The Year Ended 31 August 2025

Cash Flow Statement

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	1,239,050	1,639,655
Tax paid		(542,596 )	(374,560 )

Net cash generated from operating activities		696,454	1,265,095

Cash flows from investing activities
Purchase of tangible assets		(563,352 )	(433,128 )
Proceeds from disposal of tangible assets		52,965	9,151
Interest received		670,033	437,804

Net cash generated from investing activities		159,646	13,827

Cash flows from financing activities
Equity dividends paid		(105,000 )	(100,000 )



Increase in cash and cash equivalents		751,100	1,178,922
Cash and cash equivalents at beginning of year	2	12,347,414	11,168,492

Cash and cash equivalents at end of year	2	13,098,514	12,347,414

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Bulloughs Cleaning Services Limited

Notes to the Cash Flow Statement

For The Year Ended 31 August 2025

Notes to the Cash Flow Statement

1. Reconciliation of profit for the financial year to cash generated from operations

	2025	2024
	£	£
Profit for the financial year	1,587,746	1,501,299
Adjustments for:
Tax on profit	550,596	498,560
Interest income	(670,033 )	(437,803 )
Depreciation of tangible assets	375,306	310,770
Profit on disposal of tangible assets	(7,669)	(9,151)
Movements in working capital:
Increase in stocks	-	(2,000 )
(Increase)/decrease in trade and other debtors	(1,692,006 )	126,942
Increase/(decrease) in trade and other creditors	1,095,110	(348,962 )

Net cash generated from operations	1,239,050	1,639,655

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	13,098,514	12,347,414

3. Analysis of changes in net funds

	As at 1 September 2024	Cash flows	As at 31 August 2025
	£	£	£
Cash at bank and in hand	12,347,414	751,100	13,098,514

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Page 17

Bulloughs Cleaning Services Limited

Notes to the Financial Statements

For The Year Ended 31 August 2025

Notes to the Financial Statements

1. General Information

Bulloughs Cleaning Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02101304 . The registered office is Craven House, Carleton New Road, Skipton, North Yorkshire, BD23 2DE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

2.2. Turnover

Revenue 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. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in 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.

Contract Cleaning

Contract cleaning revenue is recognised over the period to which the contract relates invoiced on a monthly basis.

Industrial Cleaning

Industrial cleaning revenue is recognised when the service is delivered to the client.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill represents the difference between amounts paid on the costs of a business combination and the acquirer's interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses.

Goodwill is amortised on a straight line basis to the Profit and loss account over its useful economic life.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	5% straight line
Plant & Machinery	25% straight line
Motor Vehicles	20% straight line
Fixtures & Fittings	20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5. Leasing and Hire Purchase Contracts

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

Page 17

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Bulloughs Cleaning Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.6. Stocks and Work in Progress

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.7. Cash and Cash Equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

2.8. Financial Instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

2.9. Interest Receivable

Interest income is recognised in profit or loss using the effective interest method.

2.10. Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of financial position date, except that:

The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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Bulloughs Cleaning Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.11. Pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.12. Government Grant

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

2.13. Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of financial position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

2.14. Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.15. Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.17. Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3. Turnover

Analysis of turnover by geographical market is as follows:

	2025	2024
	£	£
United Kingdom	45,127,234	37,674,262

	45,127,234	37,674,262

4. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Bad debts	352,497	-
Operating lease rentals	357,930	357,112
Depreciation of tangible fixed assets	375,306	310,770

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Bulloughs Cleaning Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

5. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	21,000	20,000

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	35,387,187	29,947,268
Social security costs	2,171,037	1,209,212
Other pension costs	970,720	733,111

	38,528,944	31,889,591

7. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Office and administration	19	17
Operating	2904	2647

	2923	2664

8. Directors' remuneration

	2025	2024
	£	£
Emoluments	162,201	145,847
Company contributions to money purchase pension schemes	71,965	38,228

	234,166	184,075

The number of directors to whom retirement benefits were accruing was as follows:

	2025		2024
Money purchase pension schemes	3		3

Information regarding the highest paid director was as follows:

	2025	2024
	£	£
Emoluments	46,849	-
Company contributions to money purchase pension schemes	43,926	-

	90,775	-

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Bulloughs Cleaning Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

9. Interest Receivable and Similar Income

	2025	2024
	£	£
Bank interest receivable	668,933	420,415
Other interest receivable	1,100	1,100
Corporation tax interest receivable	-	16,288

	670,033	437,803

10. Tax on Profit

	Tax Rate		2025	2024
The tax charge on the profit for the year was as follows:
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	510,000	480,000
Prior period adjustment			2,596	(440 )

			512,596	479,560
Deferred Tax
Origination and reversal of timing differences			38,000	19,000


Total tax charge for the period			550,596	498,560


The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
			2025	2024
			£	£
Profit before tax			2,138,342	1,999,859

Tax on profit at 25% (UK standard rate)			534,585	499,965
Expenses not deductible for tax purposes			9,720	3,190
Short term timing differences			3,695	(4,155 )
Prior period adjustment			2,596	(440 )

Total tax charge for the period			550,596	498,560

11. Intangible Assets

	Goodwill
	£
Cost
As at 1 September 2024	13,000

As at 31 August 2025	13,000

Amortisation
As at 1 September 2024	13,000

As at 31 August 2025	13,000

...CONTINUED

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Bulloughs Cleaning Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Net Book Value
As at 31 August 2025	-

As at 1 September 2024	-

12. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 September 2024	127,519	1,144,755	526,452	82,523	1,881,249
Additions	-	346,583	216,769	-	563,352
Disposals	-	-	(124,677 )	-	(124,677 )

As at 31 August 2025	127,519	1,491,338	618,544	82,523	2,319,924

Depreciation
As at 1 September 2024	102,016	819,875	253,958	81,757	1,257,606
Provided during the period	6,376	253,034	115,342	554	375,306
Disposals	-	-	(79,381 )	-	(79,381 )

As at 31 August 2025	108,392	1,072,909	289,919	82,311	1,553,531

Net Book Value
As at 31 August 2025	19,127	418,429	328,625	212	766,393

As at 1 September 2024	25,503	324,880	272,494	766	623,643

13. Stocks

	2025	2024
	£	£
Raw materials	12,000	12,000

14. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	7,887,112	6,166,681
Other debtors	64,235	92,660

	7,951,347	6,259,341

15. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	246,390	188,462
Other creditors	74,257	65,100
Corporation tax	210,000	240,000
Taxation and social security	2,098,731	1,509,359
Accruals and deferred income	2,576,701	2,138,048

	5,206,079	4,140,969

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Bulloughs Cleaning Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

16. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	175,000	137,000

17. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
560,000 Ordinary A shares of £ 0.01 each	5,600	5,600
470,000 Ordinary C shares of £ 0.01 each	4,700	4,700
10,000 Ordinary D shares of £ 0.01 each	100	100
1 Ordinary E shares of £ 0.01 each	1	1
1 Ordinary F shares of £ 0.01 each	1	1

	10,402	10,402

All classes of shares have attached to them full voting, dividend and capital distribution rights. They are all considered separately for dividend payments.

18. Contingent Liabilities

As part of its normal trading, the company has issued guarantees and performance bonds as at 31 August 2025 amounting to £313,057 (2024 - £312,057)

19. Other Commitments

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

	2025	2024
	£	£
Not later than one year	282,123	276,476
Later than one year and not later than five years	361,152	429,844

	643,275	706,320

20. Pension Commitments

The company operates a number of defined contribution pension schemes for employees. The assets of the schemes are held separately from those of the company in independently administered funds.

The pension cost represents contributions payable by the company to the funds and amounted to £970,720 (2024 - £733,111).

Contributions totalling £57,830 (2024 - £32,880) were payable to the fund at the balance sheet date and are included in creditors.

21. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	105,000	100,000

Page 23

Page 24

Bulloughs Cleaning Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

22. Reserves

Capital redemption reserve

This reserve arises on the repurchase of the share capital of the company from the shareholders and records the nominal value of the shares repurchased.

23. Related Party Disclosures

Dividends of £65,000 (2024 - £65,000) were paid to the directors during the year.

Rent amounting to £45,000 (2024 - £45,000) was paid to The Bulloughs Contract Services Limited (No2) 1988 Retirement Benefit Scheme, of which D S Bullough is a trustee.

Included within creditors: amounts falling due within one year, are family loan accounts amounting to £16,427 (2024 - £32,220). The amounts are interest free and repayable on demand.

Included within debtors: due within one year, are family and director loan accounts amounting to £35,000 (2024 - £35,000). The amounts are interest free and repayable on demand.

24. Controlling Parties

The company is under the control of D S Bullough who is interested in 99% of the issued share capital.

Page 24