GLOBE CLEANING CONTRACTORS LIMITED 31/03/2025 iXBRL

Company registration number: 04376860

GLOBE CLEANING CONTRACTORS LIMITED

Unaudited filleted financial statements

31 March 2025

GLOBE CLEANING CONTRACTORS LIMITED

Directors and other information

Director Mark Curtis

Secretary T G Curtis

Company number 04376860

Registered office The Grange

Yatton Keynell

Chippenham

Wiltshire

Business address 2 Pound Pill

Corsham

Wiltshire

GLOBE CLEANING CONTRACTORS LIMITED

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	900		900
Tangible assets	6	14,842		17,373
		_______		_______
			15,742		18,273

Current assets
Stocks		835		620
Debtors	7	46,798		46,020
Cash at bank and in hand		1		601
		_______		_______
		47,634		47,241
Creditors: amounts falling due
within one year	8	( 54,414)		( 50,432)
		_______		_______
Net current liabilities			( 6,780)		( 3,191)
			_______		_______
Total assets less current liabilities			8,962		15,082

Creditors: amounts falling due
after more than one year	9		( 3,517)		( 8,685)

Provisions for liabilities			( 2,820)		( 3,301)

			_______		_______
Net assets			2,625		3,096
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			2,525		2,996
			_______		_______
Shareholders funds			2,625		3,096
			_______		_______

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 04 July 2025 , and are signed on behalf of the board by:

Mark Curtis

Director

Company registration number: 04376860

GLOBE CLEANING CONTRACTORS LIMITED

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Globe Cleaning Contractors Limited, The Grange, Yatton Keynell, Chippenham, Wiltshire.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in statement of comprehensive income.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	20 %	reducing balance
ICT Equipment	-	33.33 %	straight line
Motor vehicles	-	25 %	reducing balance
Fixtures & fittings	-	10 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

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

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of the financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the employee related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	15,000	15,000
	_______	_______
Amortisation
At 1 April 2024 and 31 March 2025	14,100	14,100
	_______	_______
Carrying amount
At 31 March 2025	900	900
	_______	_______
At 31 March 2024	900	900
	_______	_______

6. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Furniture	Total
	£	£	£	£	£
Cost
At 1 April 2024	55,366	4,322	10,325	4,565	74,578
Additions	1,436	-	-	-	1,436
	_______	_______	_______	_______	_______
At 31 March 2025	56,802	4,322	10,325	4,565	76,014
	_______	_______	_______	_______	_______
Depreciation
At 1 April 2024	44,890	4,119	4,251	3,945	57,205
Charge for the year	2,184	203	1,518	62	3,967
	_______	_______	_______	_______	_______
At 31 March 2025	47,074	4,322	5,769	4,007	61,172
	_______	_______	_______	_______	_______
Carrying amount
At 31 March 2025	9,728	-	4,556	558	14,842
	_______	_______	_______	_______	_______
At 31 March 2024	10,476	203	6,074	620	17,373
	_______	_______	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	31,423	24,306
Other debtors	15,375	21,714
	_______	_______
	46,798	46,020
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	16,506	14,667
Trade creditors	239	103
Taxes	32,858	31,865
Other creditors	4,811	3,797
	_______	_______
	54,414	50,432
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	8,685	8,685
Other creditors	( 5,168)	-
	_______	_______
	3,517	8,685
	_______	_______