REGISTERED NUMBER: 03024184 (England and Wales)

Financial Statements for the Year Ended 31st March 2025

for

Grade One Commercial Cleaning Services

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Corrigan

M Corrigan

J Corrigan

REGISTERED OFFICE:

Unit 19 The Joiners Shop

The Historic Dockyard

Chatham

Kent

ME4 4TZ

REGISTERED NUMBER:

03024184 (England and Wales)

ACCOUNTANTS:

Beak Kemmenoe

Chartered Accountants

1-3 Manor Road

Chatham

Kent

ME4 6AE

FIXED ASSETS

Tangible assets

5

38,053

37,216

CURRENT ASSETS

Debtors

6

343,555

354,702

Cash at bank and in hand

252,232

227,220

595,787

581,922

CREDITORS

Amounts falling due within one year

7

418,441

390,991

NET CURRENT ASSETS

177,346

190,931

TOTAL ASSETS LESS CURRENT LIABILITIES

215,399

228,147

PROVISIONS FOR LIABILITIES

2,315

1,256

NET ASSETS

213,084

226,891

CAPITAL AND RESERVES

Called up share capital

11,200

11,200

Retained earnings

201,884

215,691

213,084

226,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

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

(b)

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

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 23rd December 2025 and were signed on its behalf by:

S Corrigan - Director

1.	STATUTORY INFORMATION

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

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

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

-

15% - 25% on 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 107 (2024 - 122 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

269,896

Additions

8,844

Disposals

(7,580

)

At 31st March 2025

271,160

DEPRECIATION

At 1st April 2024

232,680

Charge for year

6,555

Eliminated on disposal

(6,128

)

At 31st March 2025

233,107

NET BOOK VALUE

At 31st March 2025

38,053

At 31st March 2024

37,216

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

244,115

322,649

Other debtors and prepayments

99,440

32,053

343,555

354,702

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

180,555

156,908

Corporation Tax

34,848

35,706

Social security and other taxes

102,090

112,205

Other creditors and accruals

100,948

86,172

418,441

390,991

8.	ULTIMATE CONTROLLING PARTY

The controlling party is jointly between M Corrigan and J Corrigan due to their shareholding.