PTP Accounts Production v24.1.0.578 01574671 director 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh015746712023-06-30015746712024-06-30015746712023-07-012024-06-30015746712022-06-30015746712022-07-012023-06-30015746712023-06-3001574671ns14:PoundSterling2023-07-012024-06-3001574671ns10:Director12023-07-012024-06-3001574671ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3001574671ns10:SmallEntities2023-07-012024-06-3001574671ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3001574671ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3001574671ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3001574671ns10:FullAccounts2023-07-012024-06-3001574671ns10:RegisteredOffice2023-07-012024-06-3001574671ns5:CurrentFinancialInstruments2024-06-3001574671ns5:CurrentFinancialInstruments2023-06-3001574671ns5:Non-currentFinancialInstruments2024-06-3001574671ns5:Non-currentFinancialInstruments2023-06-3001574671ns5:ShareCapital2024-06-3001574671ns5:ShareCapital2023-06-3001574671ns5:CapitalRedemptionReserve2024-06-3001574671ns5:CapitalRedemptionReserve2023-06-3001574671ns5:RetainedEarningsAccumulatedLosses2024-06-3001574671ns5:RetainedEarningsAccumulatedLosses2023-06-3001574671ns5:PlantMachinery2023-07-012024-06-3001574671ns5:LandBuildings2023-06-3001574671ns5:PlantMachinery2023-06-3001574671ns5:LandBuildings2023-07-012024-06-3001574671ns5:LandBuildings2024-06-3001574671ns5:PlantMachinery2024-06-3001574671ns5:LandBuildings2023-06-3001574671ns5:PlantMachinery2023-06-3001574671ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3001574671ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3001574671ns5:DeferredTaxation2023-06-3001574671ns5:DeferredTaxation2023-07-012024-06-3001574671ns5:DeferredTaxation2024-06-30015746711ns10:Director12023-06-30015746711ns10:Director12022-06-30015746711ns10:Director12023-07-012024-06-30015746711ns10:Director12022-07-012023-06-30015746711ns10:Director12024-06-30015746711ns10:Director12023-06-30
REGISTERED NUMBER: 01574671











Unaudited Financial Statements

for the Year Ended

30 June 2024

for

Finishing Techniques Limited

Finishing Techniques Limited (Registered number: 01574671)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Finishing Techniques Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: J Dean





REGISTERED OFFICE: Halter Inn Workshops
Holcombe Brook
Bury
Lancs
BL0 9SA





REGISTERED NUMBER: 01574671





ACCOUNTANTS: Mosley & Co
14 Market Place
Ramsbottom
Bury
Lancashire
BL0 9HT

Finishing Techniques Limited (Registered number: 01574671)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 631,513 666,948

CURRENT ASSETS
Stocks 107,064 75,382
Debtors 5 673,441 555,201
Cash at bank and in hand 565,997 740,260
1,346,502 1,370,843
CREDITORS
Amounts falling due within one year 6 443,297 570,406
NET CURRENT ASSETS 903,205 800,437
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,534,718

1,467,385

CREDITORS
Amounts falling due after more than
one year

7

(224,455

)

(251,692

)

PROVISIONS FOR LIABILITIES 8 (155,414 ) (164,115 )
NET ASSETS 1,154,849 1,051,578

CAPITAL AND RESERVES
Called up share capital 152 152
Capital redemption reserve 48 48
Retained earnings 1,154,649 1,051,378
SHAREHOLDERS' FUNDS 1,154,849 1,051,578

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Finishing Techniques Limited (Registered number: 01574671)

Statement of Financial Position - continued
30 June 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 director and authorised for issue on 12 September 2024 and were signed by:





J Dean - Director


Finishing Techniques Limited (Registered number: 01574671)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Finishing Techniques 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.

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% on reducing balance and 15% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Finishing Techniques Limited (Registered number: 01574671)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 14,268 1,484,700 1,498,968
Additions - 88,592 88,592
At 30 June 2024 14,268 1,573,292 1,587,560
DEPRECIATION
At 1 July 2023 14,267 817,753 832,020
Charge for year - 124,027 124,027
At 30 June 2024 14,267 941,780 956,047
NET BOOK VALUE
At 30 June 2024 1 631,512 631,513
At 30 June 2023 1 666,947 666,948

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 319,365 356,549
Amounts owed by group undertakings 285,252 123,237
Other debtors 68,824 75,415
673,441 555,201

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 98,704 118,409
Trade creditors 91,862 325,360
Taxation and social security 212,957 97,919
Other creditors 39,774 28,718
443,297 570,406

Finishing Techniques Limited (Registered number: 01574671)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 224,455 251,692

8. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 155,414 164,115

Deferred
tax
£   
Balance at 1 July 2023 164,115
Provided during year (8,701 )
Balance at 30 June 2024 155,414

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
J Dean
Balance outstanding at start of year (235 ) 50,240
Amounts advanced 180,611 69,525
Amounts repaid (181,000 ) (120,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (624 ) (235 )