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REGISTERED NUMBER: 04504432












Financial Statements

for the Year Ended 31 March 2024

for

FINK PROJECTION PLASTERING LIMITED

FINK PROJECTION PLASTERING LIMITED (REGISTERED NUMBER: 04504432)






Contents of the Financial Statements
for the Year Ended 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 9

FINK PROJECTION PLASTERING LIMITED

Company Information
for the Year Ended 31 MARCH 2024







DIRECTORS: Mr A Fink
Mrs K Fink





SECRETARY: Mrs K Fink





REGISTERED OFFICE: Unit 1, Norman Business Park
Thorby Avenue
March
Cambridgeshire
PE15 0AZ





REGISTERED NUMBER: 04504432





ACCOUNTANTS: Robson Downing
26 Bolingbroke Road
Norwich
Norfolk
NR3 2SH

FINK PROJECTION PLASTERING LIMITED (REGISTERED NUMBER: 04504432)

Balance Sheet
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 138,481 213,344
138,481 213,344

CURRENT ASSETS
Stocks 3,830 5,256
Debtors 6 2,289,923 1,930,902
Cash at bank and in hand 76,054 60,693
2,369,807 1,996,851
CREDITORS
Amounts falling due within one year 7 1,514,595 1,127,850
NET CURRENT ASSETS 855,212 869,001
TOTAL ASSETS LESS CURRENT
LIABILITIES

993,693

1,082,345

CREDITORS
Amounts falling due after more than one
year

8

(240,333

)

(306,935

)

PROVISIONS FOR LIABILITIES (5,670 ) (16,963 )
NET ASSETS 747,690 758,447

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 747,590 758,347
SHAREHOLDERS' FUNDS 747,690 758,447

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

FINK PROJECTION PLASTERING LIMITED (REGISTERED NUMBER: 04504432)

Balance Sheet - continued
31 MARCH 2024


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 22 August 2024 and were signed on its behalf by:





Mr A Fink - Director


FINK PROJECTION PLASTERING LIMITED (REGISTERED NUMBER: 04504432)

Notes to the Financial Statements
for the Year Ended 31 MARCH 2024

1. STATUTORY INFORMATION

Fink Projection Plastering Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - 15% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

FINK PROJECTION PLASTERING LIMITED (REGISTERED NUMBER: 04504432)

Notes to the Financial Statements - continued
for the Year Ended 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Government grants and financing
Government Covid support grants have been treated as Income and are shown as Government Grants within Other Income in the accounts.
Government backed loans are shown as loans on the Balance sheet.
Government funded interest has been treated as Income shown as Government Grants within Other Income and Bank Loan interest expense in the Profit and Loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 15,000
AMORTISATION
At 1 April 2023
and 31 March 2024 15,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

FINK PROJECTION PLASTERING LIMITED (REGISTERED NUMBER: 04504432)

Notes to the Financial Statements - continued
for the Year Ended 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2023 40,738 93,595 33,313
Disposals - (3,150 ) -
At 31 March 2024 40,738 90,445 33,313
DEPRECIATION
At 1 April 2023 31,601 53,344 27,188
Charge for year 1,371 9,984 919
Charge written back - (2,835 ) -
At 31 March 2024 32,972 60,493 28,107
NET BOOK VALUE
At 31 March 2024 7,766 29,952 5,206
At 31 March 2023 9,137 40,251 6,125

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 283,894 23,573 475,113
Disposals (40,563 ) - (43,713 )
At 31 March 2024 243,331 23,573 431,400
DEPRECIATION
At 1 April 2023 130,242 19,394 261,769
Charge for year 30,807 1,045 44,126
Charge written back (10,141 ) - (12,976 )
At 31 March 2024 150,908 20,439 292,919
NET BOOK VALUE
At 31 March 2024 92,423 3,134 138,481
At 31 March 2023 153,652 4,179 213,344

FINK PROJECTION PLASTERING LIMITED (REGISTERED NUMBER: 04504432)

Notes to the Financial Statements - continued
for the Year Ended 31 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 135,843
Disposals (40,563 )
At 31 March 2024 95,280
DEPRECIATION
At 1 April 2023 33,961
Charge for year 17,865
Charge written back (10,141 )
At 31 March 2024 41,685
NET BOOK VALUE
At 31 March 2024 53,595
At 31 March 2023 101,882

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,029,272 674,941
Other debtors 1,260,651 1,255,961
2,289,923 1,930,902

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 11,820 31,021
Trade creditors 169,884 540,195
Taxation and social security 31,989 98,315
Other creditors 1,300,902 458,319
1,514,595 1,127,850

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 163,068 194,301
Hire purchase contracts 77,265 112,634
240,333 306,935

FINK PROJECTION PLASTERING LIMITED (REGISTERED NUMBER: 04504432)

Notes to the Financial Statements - continued
for the Year Ended 31 MARCH 2024

9. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr A Fink.

FINK PROJECTION PLASTERING LIMITED

Report of the Accountants to the Directors of
Fink Projection Plastering Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Robson Downing
26 Bolingbroke Road
Norwich
Norfolk
NR3 2SH


22 August 2024