REGISTERED NUMBER: 06136290 (England and Wales)

CARDIFF CLEANING SERVICES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M J Cole

E R W Hilton

REGISTERED OFFICE:

Suite 7 And 8

First Floor Moy Road Business Centre

Moy Road , Taffs Well

Cardiff

South Glamorgan

CF15 7QR

REGISTERED NUMBER:

06136290 (England and Wales)

AUDITORS:

Bevan Buckland LLP

Chartered Accountants

And Statutory Auditors

Ground Floor Cardigan House

Castle Court

Swansea Enterprise Park

Swansea

SA7 9LA

FIXED ASSETS

Intangible assets

4

133,025

148,025

Tangible assets

5

10,731

10,773

143,756

158,798

CURRENT ASSETS

Debtors

6

368,975

346,767

Cash at bank

9,829

14,048

378,804

360,815

CREDITORS

Amounts falling due within one year

7

565,214

553,264

NET CURRENT LIABILITIES

(186,410

)

(192,449

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(42,654

)

(33,651

)

CREDITORS

Amounts falling due after more than one year

8

33,893

44,952

NET LIABILITIES

(76,547

)

(78,603

)

CAPITAL AND RESERVES

Called up share capital

145,000

145,000

Retained earnings

(221,547

)

(223,603

)

SHAREHOLDERS' FUNDS

(76,547

)

(78,603

)

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by:

M J Cole - Director

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Going Concern

Based on the position demonstrated by the Statutory Accounts to 31 March 2025, the profitability disclosed in the management accounts for the year to date and the surplus forecast within the trading, cashflow and balance sheet projection model, the directors are confident the Company will continue as a going concern for at least 12 months from the signing of the Balance Sheet.

The directors note that the reduction in profit compared to the prior year was anticipated and primarily reflects planned operational changes and some one-off costs incurred to support future business plans. These factors are not expected to recur and have been considered in the forecasts. Looking forward, turnover for 2025/26 is projected to increase significantly.

Furthermore, the ultimate controlling party (Platform for Change), the trustees of that organisation have provided a Letter of Support confirming their consent to support the entity.

The directors also acknowledge that the letter of support provided by Platform for Change states that it will fund any losses, including loan repayments, for a minimum of 12 months from the date of signing the balance sheet.

In the light of the above, the directors consider it appropriate to prepare the accounts on a going concern basis.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the goods supplied and services rendered to customers, excluding discounts, rebates, value added tax and other sales tax.

Turnover relating to cleaning income is recognised in the period the cleaning was performed.

Turnover relating to consumables sold is recognised upon despatch of the goods.

Invoice discounting

The company has in place an invoice discount facility based on the value of trade receivables. Under this arrangement the group has retained both the credit and late payment risk associated with the receivables. As the company has retained substantially all the risk and rewards of ownership of the receivables, it continues to recognise the receivables in the balance sheet with advances from the facility treated as a separate liability.

The expenses associated with this facility are charged to profit or loss in the period to which they relate.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years from one year after acquisition.

Intangible assets

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

Tangible fixed assets

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

Plant and machinery etc

-

25% reducing balance

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

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

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the company has a present obligation (legal and constructive) resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and

assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the

amounts reported for revenues and expenses during the year. However, the nature of estimation means that

actual outcomes could differ from those estimates. The directors of the Company believe there to be no Significant Estimates or Judgements.

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 offset 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 trade and other 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.

Trade debtors, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loans and receivables are measured at amortised cost using the effective interest method, less any impairment.

Interest is recognised by applying the effective interest rate, except for short-term receivables when the

recognition of interest would be immaterial. The effective interest method is a method of calculating the

amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the debt instrument to the net carrying amount on initial recognition.

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 trade and other creditors, bank loans and loans from fellow group companies, 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 receipts discounted at a market rate of interest

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts 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 payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or

cancelled.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 148 (2024 - 155 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

463,025

AMORTISATION

At 1 April 2024

315,000

Charge for year

15,000

At 31 March 2025

330,000

NET BOOK VALUE

At 31 March 2025

133,025

At 31 March 2024

148,025

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

21,822

Additions

5,295

At 31 March 2025

27,117

DEPRECIATION

At 1 April 2024

11,049

Charge for year

5,337

At 31 March 2025

16,386

NET BOOK VALUE

At 31 March 2025

10,731

At 31 March 2024

10,773

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

352,528

341,581

Other debtors

8,197

5,186

360,725

346,767

Amounts falling due after more than one year:

Amounts owed by group undertakings

8,250

-

Aggregate amounts

368,975

346,767

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

7,410

7,410

Hire purchase contracts

-

337

Trade creditors

85,243

42,698

Amounts owed to group undertakings

141,676

223,113

Taxation and social security

110,217

78,124

Other creditors

220,668

201,582

565,214

553,264

Security for Liabilities

The company has granted a fixed and floating charge over all its assets in favour of Time Invoice Finance Limited as security for invoice finance facilities. The charge covers freehold and leasehold property, plant and machinery, intellectual property, and other assets as detailed in the registration filed at Companies House on 1 August 2025.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

29,959

37,193

Other creditors

3,934

7,759

33,893

44,952

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alison Vickers (Senior Statutory Auditor)

for and on behalf of Bevan Buckland LLP

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Platfform Enterprises Ltd, acompany registered in Wales.

The ultimate controlling party is Platfform for change, a charitable company registered in Wales.