IRIS Accounts Production v24.3.0.553 02928920 director 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh029289202023-05-31029289202024-05-31029289202023-06-012024-05-31029289202022-05-31029289202022-06-012023-05-31029289202023-05-3102928920ns15:EnglandWales2023-06-012024-05-3102928920ns14:PoundSterling2023-06-012024-05-3102928920ns10:Director12023-06-012024-05-3102928920ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3102928920ns10:SmallEntities2023-06-012024-05-3102928920ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3102928920ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3102928920ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3102928920ns10:FullAccounts2023-06-012024-05-3102928920ns10:RegisteredOffice2023-06-012024-05-3102928920ns5:CurrentFinancialInstruments2024-05-3102928920ns5:CurrentFinancialInstruments2023-05-3102928920ns5:ShareCapital2024-05-3102928920ns5:ShareCapital2023-05-3102928920ns5:RetainedEarningsAccumulatedLosses2024-05-3102928920ns5:RetainedEarningsAccumulatedLosses2023-05-3102928920ns5:PlantMachinery2023-06-012024-05-3102928920ns5:MotorVehicles2023-06-012024-05-3102928920ns5:PlantMachinery2023-05-3102928920ns5:MotorVehicles2023-05-3102928920ns5:PlantMachinery2024-05-3102928920ns5:MotorVehicles2024-05-3102928920ns5:PlantMachinery2023-05-3102928920ns5:MotorVehicles2023-05-3102928920ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3102928920ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31
REGISTERED NUMBER: 02928920 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

H & S DECORATING SPECIALISTS LIMITED

H & S DECORATING SPECIALISTS LIMITED (REGISTERED NUMBER: 02928920)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H & S DECORATING SPECIALISTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mr M D Higgins





REGISTERED OFFICE: 1 Wellesley Avenue
Richings Park
Iver
Buckinghamshire
SL0 9AU





REGISTERED NUMBER: 02928920 (England and Wales)





ACCOUNTANTS: Wentworths & Associates Limited
White Hart House
Silwood Road
Ascot
Berkshire
SL5 0PY

H & S DECORATING SPECIALISTS LIMITED (REGISTERED NUMBER: 02928920)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,597 101,955

CURRENT ASSETS
Stocks 5 318,724 654,996
Debtors 6 403,485 728,690
Cash at bank 1,941,797 1,321,993
2,664,006 2,705,679
CREDITORS
Amounts falling due within one year 7 197,996 246,643
NET CURRENT ASSETS 2,466,010 2,459,036
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,532,607

2,560,991

PROVISIONS FOR LIABILITIES 14,835 23,147
NET ASSETS 2,517,772 2,537,844

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,517,672 2,537,744
SHAREHOLDERS' FUNDS 2,517,772 2,537,844

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

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

H & S DECORATING SPECIALISTS LIMITED (REGISTERED NUMBER: 02928920)

BALANCE SHEET - continued
31 MAY 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 26 February 2025 and were signed by:





Mr M D Higgins - Director


H & S DECORATING SPECIALISTS LIMITED (REGISTERED NUMBER: 02928920)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

H & S Decorating Specialists Limited 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Work in progress
Work in progress has been valued at the lower of cost and estimated selling price less costs to sell. Cost includes a relevant proportion of attributable overheads based on a normal level of activity.

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.

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.

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 6 (2023 - 6 ) .

H & S DECORATING SPECIALISTS LIMITED (REGISTERED NUMBER: 02928920)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023 38,978 138,450 177,428
Additions 2,201 - 2,201
Disposals (8,209 ) (26,430 ) (34,639 )
At 31 May 2024 32,970 112,020 144,990
DEPRECIATION
At 1 June 2023 23,893 51,580 75,473
Charge for year 4,923 18,074 22,997
Eliminated on disposal (8,209 ) (11,868 ) (20,077 )
At 31 May 2024 20,607 57,786 78,393
NET BOOK VALUE
At 31 May 2024 12,363 54,234 66,597
At 31 May 2023 15,085 86,870 101,955

5. STOCKS
2024 2023
£    £   
Work-in-progress 318,724 654,996

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 309,965 595,151
Other debtors 93,520 133,539
403,485 728,690

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 142,113 133,752
Taxation and social security 43,694 82,054
Other creditors 12,189 30,837
197,996 246,643