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REGISTERED NUMBER: 12250806 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

SPRAY FOAM EQUIPMENT UK LTD

SPRAY FOAM EQUIPMENT UK LTD (REGISTERED NUMBER: 12250806)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPRAY FOAM EQUIPMENT UK LTD

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTORS: J N Clarkson
D S Sadler





REGISTERED OFFICE: Unit 217a
Royds Mill
Windsor Street
Sheffield
S4 7WB





REGISTERED NUMBER: 12250806 (England and Wales)





ACCOUNTANTS: Hodgson & Oldfield
Aizlewood's Mill
Nursery Street
Sheffield
S3 8GG

SPRAY FOAM EQUIPMENT UK LTD (REGISTERED NUMBER: 12250806)

BALANCE SHEET
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,273 13,636
Tangible assets 5 34,393 37,475
46,666 51,111

CURRENT ASSETS
Stocks 6 62,500 62,685
Debtors 7 35,091 4,007
Cash at bank 6,924 1,935
104,515 68,627
CREDITORS
Amounts falling due within one year 8 107,523 102,976
NET CURRENT LIABILITIES (3,008 ) (34,349 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,658

16,762

PROVISIONS FOR LIABILITIES 6,329 6,126
NET ASSETS 37,329 10,636

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 37,229 10,536
SHAREHOLDERS' FUNDS 37,329 10,636

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

SPRAY FOAM EQUIPMENT UK LTD (REGISTERED NUMBER: 12250806)

BALANCE SHEET - continued
31 October 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 Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:





J N Clarkson - Director


SPRAY FOAM EQUIPMENT UK LTD (REGISTERED NUMBER: 12250806)

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

1. STATUTORY INFORMATION

Spray Foam Equipment UK Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Monetary amounts in these financial statements are rounded to the nearest £.

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.

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.

Intangible Assets are being amortised evenly over their estimated useful life of nil years.

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 - 20% 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.


SPRAY FOAM EQUIPMENT UK LTD (REGISTERED NUMBER: 12250806)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2022
and 31 October 2023 15,151
AMORTISATION
At 1 November 2022 1,515
Charge for year 1,363
At 31 October 2023 2,878
NET BOOK VALUE
At 31 October 2023 12,273
At 31 October 2022 13,636

SPRAY FOAM EQUIPMENT UK LTD (REGISTERED NUMBER: 12250806)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 7,397 1,015 34,864 719 43,995
Additions 854 416 - 2,135 3,405
At 31 October 2023 8,251 1,431 34,864 2,854 47,400
DEPRECIATION
At 1 November 2022 1,520 227 4,579 194 6,520
Charge for year 1,196 233 4,541 517 6,487
At 31 October 2023 2,716 460 9,120 711 13,007
NET BOOK VALUE
At 31 October 2023 5,535 971 25,744 2,143 34,393
At 31 October 2022 5,877 788 30,285 525 37,475

6. STOCKS
31.10.23 31.10.22
£    £   
Stocks 62,500 62,685

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 25,563 4,007
Other debtors 9,528 -
35,091 4,007

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts - 64
Trade creditors 40,952 29,226
Taxation and social security 42,620 31,108
Other creditors 23,951 42,578
107,523 102,976

SPRAY FOAM EQUIPMENT UK LTD (REGISTERED NUMBER: 12250806)

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

9. RELATED PARTY DISCLOSURES

The company trades with One Insulation Ltd a company connected by common ownership.

In the year the company sold goods and services to One Insulation Ltd totalling £2,291 and purchased goods and services totalling £22,184.

The balance owed from One Insulation Ltd was £9,528 at the year end.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.