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REGISTERED NUMBER: 08035988 (England and Wales)




























Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Screedmasters Ltd

Screedmasters Ltd (Registered number: 08035988)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Screedmasters Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs N J Tobin
A J Tobin





SECRETARY: A J Tobin





REGISTERED OFFICE: David Brow Cottage
4 David Brow
Bolton
Lancashire
BL3 3TW





REGISTERED NUMBER: 08035988 (England and Wales)





ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY

Screedmasters Ltd (Registered number: 08035988)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 64,250 49,998

CURRENT ASSETS
Debtors 5 43,734 106,225
Cash at bank 16,390 32,229
60,124 138,454
CREDITORS
Amounts falling due within one year 6 63,717 124,902
NET CURRENT (LIABILITIES)/ASSETS (3,593 ) 13,552
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,657

63,550

CREDITORS
Amounts falling due after more than one
year

7

(31,180

)

(14,683

)

PROVISIONS FOR LIABILITIES 8 (10,519 ) (6,602 )
NET ASSETS 18,958 42,265

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 18,948 42,255
SHAREHOLDERS' FUNDS 18,958 42,265

Screedmasters Ltd (Registered number: 08035988)

Balance Sheet - continued
30 April 2024


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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





A J Tobin - Director


Screedmasters Ltd (Registered number: 08035988)

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

1. STATUTORY INFORMATION

Screedmasters 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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
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.

Screedmasters Ltd (Registered number: 08035988)

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

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 36,671 6,484 69,093 3,339 115,587
Additions 4,164 - 30,848 - 35,012
At 30 April 2024 40,835 6,484 99,941 3,339 150,599
DEPRECIATION
At 1 May 2023 21,690 4,082 36,980 2,837 65,589
Charge for year 4,294 600 15,740 126 20,760
At 30 April 2024 25,984 4,682 52,720 2,963 86,349
NET BOOK VALUE
At 30 April 2024 14,851 1,802 47,221 376 64,250
At 30 April 2023 14,981 2,402 32,113 502 49,998

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023 27,011
Additions 30,848
At 30 April 2024 57,859
DEPRECIATION
At 1 May 2023 14,982
Charge for year 8,027
At 30 April 2024 23,009
NET BOOK VALUE
At 30 April 2024 34,850
At 30 April 2023 12,029

Screedmasters Ltd (Registered number: 08035988)

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

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 10,026 47,431
Other debtors 28,977 34,749
VAT 4,731 10,913
43,734 93,093

Amounts falling due after more than one year:
Tax - 13,132

Aggregate amounts 43,734 106,225

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts 1,762 6,929
Trade creditors 18,959 38,889
Tax 33,372 58,936
Wages control 392 -
Other creditors 27 46
Directors' current accounts 360 774
Accrued expenses 2,845 13,328
63,717 124,902

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 7,000 13,000
Hire purchase contracts 24,180 1,683
31,180 14,683

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 10,519 6,602

Deferred
tax
£   
Balance at 1 May 2023 6,602
Provided during year 3,917
Balance at 30 April 2024 10,519

Screedmasters Ltd (Registered number: 08035988)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4 Ordinary A £1 4 4
4 Ordinary B £1 4 4
2 Ordinary C £1 2 2
10 10