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Company Registration No. 04564196 (England and Wales)
Finishing Touch (Kendal) Ltd Unaudited accounts for the year ended 31 March 2024
Finishing Touch (Kendal) Ltd Unaudited accounts Contents
Page
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Finishing Touch (Kendal) Ltd Company Information for the year ended 31 March 2024
Director
Lee Coates
Company Number
04564196 (England and Wales)
Registered Office
13 PARK STREET KENDAL CUMBRIA LA9 5QP
Accountants
PE Accountancy Services 15 Fowling Lane KENDAL Cumbira LA9 6HB
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Finishing Touch (Kendal) Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
49,220 
21,166 
Current assets
Inventories
125 
125 
Cash at bank and in hand
10,159 
9,970 
10,284 
10,095 
Creditors: amounts falling due within one year
(13,814)
(11,169)
Net current liabilities
(3,530)
(1,074)
Total assets less current liabilities
45,690 
20,092 
Creditors: amounts falling due after more than one year
(27,160)
(12,619)
Provisions for liabilities
Deferred tax
(9,352)
(4,022)
Net assets
9,178 
3,451 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
9,078 
3,351 
Shareholders' funds
9,178 
3,451 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 June 2024 and were signed on its behalf by
Lee Coates Director Company Registration No. 04564196
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Finishing Touch (Kendal) Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Finishing Touch (Kendal) Ltd is a private company, limited by shares, registered in England and Wales, registration number 04564196. The registered office is 13 PARK STREET, KENDAL, CUMBRIA, LA9 5QP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. . Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
10% Reducing balance basis
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Finishing Touch (Kendal) Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
1,598 
34,842 
36,440 
Additions
- 
53,169 
53,169 
Disposals
- 
(34,842)
(34,842)
At 31 March 2024
1,598 
53,169 
54,767 
Depreciation
At 1 April 2023
1,598 
13,676 
15,274 
Charge for the year
- 
3,949 
3,949 
On disposals
- 
(13,676)
(13,676)
At 31 March 2024
1,598 
3,949 
5,547 
Net book value
At 31 March 2024
- 
49,220 
49,220 
At 31 March 2023
- 
21,166 
21,166 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
10,514 
4,092 
Trade creditors
1,175 
1,150 
Taxes and social security
- 
5,138 
Loans from directors
1,585 
244 
Accruals
540 
545 
13,814 
11,169 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
27,160 
12,619 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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