IRIS Accounts Production v23.3.0.418 10550540 director 1.2.22 31.1.23 31.1.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh105505402022-01-31105505402023-01-31105505402022-02-012023-01-31105505402021-01-31105505402021-02-012022-01-31105505402022-01-3110550540ns10:Originalns15:EnglandWales2022-02-012023-01-3110550540ns14:PoundSterlingns10:Original2022-02-012023-01-3110550540ns10:Originalns10:Director12022-02-012023-01-3110550540ns10:Original2022-02-012023-01-3110550540ns10:Original2023-01-3110550540ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-01-3110550540ns10:Originalns10:SmallEntities2022-02-012023-01-3110550540ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-012023-01-3110550540ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3110550540ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-01-3110550540ns10:Originalns10:FullAccounts2022-02-012023-01-3110550540ns10:Originalns10:OrdinaryShareClass12022-02-012023-01-3110550540ns10:Originalns10:RegisteredOffice2022-02-012023-01-3110550540ns10:Original2022-01-3110550540ns10:Originalns5:CurrentFinancialInstruments2023-01-3110550540ns10:Originalns5:CurrentFinancialInstruments2022-01-3110550540ns10:Originalns5:Non-currentFinancialInstruments2023-01-3110550540ns10:Originalns5:Non-currentFinancialInstruments2022-01-3110550540ns5:ShareCapitalns10:Original2023-01-3110550540ns5:ShareCapitalns10:Original2022-01-3110550540ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-3110550540ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-3110550540ns10:Originalns5:PlantMachinery2022-02-012023-01-3110550540ns10:Originalns5:MotorVehicles2022-02-012023-01-3110550540ns10:Originalns5:ComputerEquipment2022-02-012023-01-3110550540ns10:Original2021-02-012022-01-3110550540ns10:Originalns5:PlantMachinery2022-01-3110550540ns10:Originalns5:MotorVehicles2022-01-3110550540ns10:Originalns5:ComputerEquipment2022-01-3110550540ns10:Original2022-01-3110550540ns10:Originalns5:PlantMachinery2023-01-3110550540ns10:Originalns5:MotorVehicles2023-01-3110550540ns10:Originalns5:ComputerEquipment2023-01-3110550540ns10:Originalns5:PlantMachinery2022-01-3110550540ns10:Originalns5:MotorVehicles2022-01-3110550540ns10:Originalns5:ComputerEquipment2022-01-3110550540ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3110550540ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-3110550540ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-01-3110550540ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-01-3110550540ns10:Originalns5:DeferredTaxation2022-01-3110550540ns10:Originalns5:DeferredTaxation2022-02-012023-01-3110550540ns10:Originalns5:DeferredTaxation2023-01-3110550540ns10:Originalns10:OrdinaryShareClass12023-01-31
REGISTERED NUMBER: 10550540 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

S P SAFETY DECKING LIMITED

S P SAFETY DECKING LIMITED (REGISTERED NUMBER: 10550540)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S P SAFETY DECKING LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2023







DIRECTOR: Mr S Porter





REGISTERED OFFICE: 288 Church Street
Blackpool
Lancashire
FY1 3QA





REGISTERED NUMBER: 10550540 (England and Wales)





ACCOUNTANTS: ma2 (Blackpool) Limited
288 Church Street
Blackpool
Lancashire
FY1 3QA

S P SAFETY DECKING LIMITED (REGISTERED NUMBER: 10550540)

BALANCE SHEET
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 134,478 156,340

CURRENT ASSETS
Debtors 5 78,304 73,187
Cash at bank 59,859 38,393
138,163 111,580
CREDITORS
Amounts falling due within one year 6 44,593 24,960
NET CURRENT ASSETS 93,570 86,620
TOTAL ASSETS LESS CURRENT
LIABILITIES

228,048

242,960

CREDITORS
Amounts falling due after more than one
year

7

(23,962

)

(43,765

)

PROVISIONS FOR LIABILITIES 8 (25,551 ) (29,704 )
NET ASSETS 178,535 169,491

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 178,435 169,391
SHAREHOLDERS' FUNDS 178,535 169,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

S P SAFETY DECKING LIMITED (REGISTERED NUMBER: 10550540)

BALANCE SHEET - continued
31 January 2023


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 director and authorised for issue on 19 October 2023 and were signed by:





Mr S Porter - Director


S P SAFETY DECKING LIMITED (REGISTERED NUMBER: 10550540)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023


1. STATUTORY INFORMATION

S P Safety Decking 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. 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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

S P SAFETY DECKING LIMITED (REGISTERED NUMBER: 10550540)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2022 266,730 49,330 2,590 318,650
Additions 21,064 - - 21,064
Disposals - (4,650 ) - (4,650 )
At 31 January 2023 287,794 44,680 2,590 335,064
DEPRECIATION
At 1 February 2022 146,085 13,969 2,256 162,310
Charge for year 35,427 4,836 334 40,597
Eliminated on disposal - (2,321 ) - (2,321 )
At 31 January 2023 181,512 16,484 2,590 200,586
NET BOOK VALUE
At 31 January 2023 106,282 28,196 - 134,478
At 31 January 2022 120,645 35,361 334 156,340

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 35,729 39,545
PAYE and CIS 36,826 28,864
VAT - 3,421
Prepayments 5,749 1,357
78,304 73,187

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,913 -
Hire purchase contracts 4,003 4,000
Trade creditors 4,586 -
Tax 25,777 19,158
VAT 979 -
Directors' current accounts 128 177
Accrued expenses 1,207 1,625
44,593 24,960

S P SAFETY DECKING LIMITED (REGISTERED NUMBER: 10550540)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 19,959 35,765
Hire purchase contracts 4,003 8,000
23,962 43,765

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase - 8,000

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 25,551 29,704

Deferred
tax
£   
Balance at 1 February 2022 29,704
Credit to Income Statement during year (4,153 )
Balance at 31 January 2023 25,551

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100