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REGISTERED NUMBER: 09038365 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Spray-Tec Halifax Limited

Spray-Tec Halifax Limited (Registered number: 09038365)

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


Spray-Tec Halifax Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: J G Priestwood





SECRETARY:





REGISTERED OFFICE: Horley Green House
Horley Green Road
Halifax
West Yorkshire
HX3 6AS





REGISTERED NUMBER: 09038365 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

Spray-Tec Halifax Limited (Registered number: 09038365)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,000
Tangible assets 5 87,658 83,783
87,658 84,783

CURRENT ASSETS
Stocks 500 500
Debtors 6 62,523 86,308
Cash at bank and in hand 12,516 (28,203 )
75,539 58,605
CREDITORS
Amounts falling due within one year 7 83,613 88,818
NET CURRENT LIABILITIES (8,074 ) (30,213 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,584

54,570

CREDITORS
Amounts falling due after more than one year 8 20,027 23,074
NET ASSETS 59,557 31,496

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 59,556 31,495
SHAREHOLDERS' FUNDS 59,557 31,496

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.

Spray-Tec Halifax Limited (Registered number: 09038365)

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 27 February 2025 and were signed by:





J G Priestwood - Director


Spray-Tec Halifax Limited (Registered number: 09038365)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Spray-Tec Halifax 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 represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tools & Equipment - 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 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.

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 ) .

Spray-Tec Halifax Limited (Registered number: 09038365)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 10,000
AMORTISATION
At 1 June 2023 9,000
Charge for year 1,000
At 31 May 2024 10,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 1,000

5. TANGIBLE FIXED ASSETS
Tools & Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 June 2023 25,568 106,117 131,685
Additions 26,844 - 26,844
Disposals (3,333 ) - (3,333 )
At 31 May 2024 49,079 106,117 155,196
DEPRECIATION
At 1 June 2023 12,469 35,433 47,902
Charge for year 1,965 17,671 19,636
At 31 May 2024 14,434 53,104 67,538
NET BOOK VALUE
At 31 May 2024 34,645 53,013 87,658
At 31 May 2023 13,099 70,684 83,783

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade Debtors 62,523 43,304
Other debtors - 39,000
VAT - 4,004
62,523 86,308

Spray-Tec Halifax Limited (Registered number: 09038365)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts - 1,159
Hire purchase contracts 4,675 (3,522 )
Trade Creditors 5,255 3,606
Tax 5,227 -
VAT 15,769 -
Directors Loan Account 51,787 86,675
Accrued expenses 900 900
83,613 88,818

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 9,827 23,074
Hire purchase contracts 10,200 -
20,027 23,074

9. RELATED PARTY DISCLOSURES

The company is controlled by the company director.