IRIS Accounts Production v25.1.0.734 10573824 Board of Directors 1.2.24 31.1.25 31.1.25 0 false true false false true false 12050 4273 59691 58635 72025 42312 284 12050 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh105738242024-01-31105738242025-01-31105738242024-02-012025-01-31105738242023-01-31105738242023-02-012024-01-31105738242024-01-3110573824ns15:EnglandWales2024-02-012025-01-3110573824ns14:PoundSterling2024-02-012025-01-3110573824ns10:Director12024-02-012025-01-3110573824ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3110573824ns10:SmallEntities2024-02-012025-01-3110573824ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3110573824ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3110573824ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3110573824ns10:FullAccounts2024-02-012025-01-3110573824ns10:Director1412024-01-3110573824ns10:Director1412023-01-3110573824ns10:Director1412024-02-012025-01-3110573824ns10:Director1412023-02-012024-01-3110573824ns10:Director1412025-01-3110573824ns10:Director1412024-01-3110573824ns10:Director22024-02-012025-01-3110573824ns10:CompanySecretary12024-02-012025-01-3110573824ns10:RegisteredOffice2024-02-012025-01-3110573824ns5:CurrentFinancialInstruments2025-01-3110573824ns5:CurrentFinancialInstruments2024-01-3110573824ns5:Non-currentFinancialInstruments2025-01-3110573824ns5:Non-currentFinancialInstruments2024-01-3110573824ns5:ShareCapital2025-01-3110573824ns5:ShareCapital2024-01-3110573824ns5:RetainedEarningsAccumulatedLosses2025-01-3110573824ns5:RetainedEarningsAccumulatedLosses2024-01-3110573824ns5:PlantMachinery2024-02-012025-01-3110573824ns5:MotorVehicles2024-02-012025-01-3110573824ns5:ComputerEquipment2024-02-012025-01-3110573824ns5:PlantMachinery2024-01-3110573824ns5:MotorVehicles2024-01-3110573824ns5:ComputerEquipment2024-01-3110573824ns5:PlantMachinery2025-01-3110573824ns5:MotorVehicles2025-01-3110573824ns5:ComputerEquipment2025-01-3110573824ns5:PlantMachinery2024-01-3110573824ns5:MotorVehicles2024-01-3110573824ns5:ComputerEquipment2024-01-3110573824ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-01-3110573824ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-02-012025-01-3110573824ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2025-01-3110573824ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-01-3110573824ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3110573824ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3110573824ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2025-01-3110573824ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-01-3110573824ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2025-01-3110573824ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-01-3110573824ns10:Director222024-01-3110573824ns10:Director222023-01-3110573824ns10:Director222024-02-012025-01-3110573824ns10:Director222023-02-012024-01-3110573824ns10:Director222025-01-3110573824ns10:Director222024-01-31
REGISTERED NUMBER: 10573824 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

GET PLASTERED SOUTHWEST LIMITED

GET PLASTERED SOUTHWEST LIMITED (REGISTERED NUMBER: 10573824)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GET PLASTERED SOUTHWEST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: Mrs S Richardson
Mr N G Richardson



SECRETARY: Mrs S Richardson



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 10573824 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Lloyds Bank
Fleet Street
Torquay
Devon
TQ2 5DW

GET PLASTERED SOUTHWEST LIMITED (REGISTERED NUMBER: 10573824)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 29,684 39,360

CURRENT ASSETS
Stocks 5 9,680 5,566
Debtors 6 12,656 22,688
Cash at bank 20,170 28,298
42,506 56,552
CREDITORS
Amounts falling due within one year 7 39,090 32,900
NET CURRENT ASSETS 3,416 23,652
TOTAL ASSETS LESS CURRENT LIABILITIES 33,100 63,012

CREDITORS
Amounts falling due after more than one
year

8

(23,281

)

(36,334

)

PROVISIONS FOR LIABILITIES (5,640 ) (7,289 )
NET ASSETS 4,179 19,389

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 4,178 19,388
SHAREHOLDERS' FUNDS 4,179 19,389

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

GET PLASTERED SOUTHWEST LIMITED (REGISTERED NUMBER: 10573824)

BALANCE SHEET - continued
31 JANUARY 2025


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 29 April 2025 and were signed on its behalf by:





Mr N G Richardson - Director


GET PLASTERED SOUTHWEST LIMITED (REGISTERED NUMBER: 10573824)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


1. STATUTORY INFORMATION

Get Plastered Southwest 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

GET PLASTERED SOUTHWEST LIMITED (REGISTERED NUMBER: 10573824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


2. ACCOUNTING POLICIES - continued

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.

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 NIL (2024 - 2 ).

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2024 1,177 50,915 3,730 55,822
Additions 603 - - 603
At 31 January 2025 1,780 50,915 3,730 56,425
DEPRECIATION
At 1 February 2024 603 12,729 3,130 16,462
Charge for year 236 9,547 496 10,279
At 31 January 2025 839 22,276 3,626 26,741
NET BOOK VALUE
At 31 January 2025 941 28,639 104 29,684
At 31 January 2024 574 38,186 600 39,360

GET PLASTERED SOUTHWEST LIMITED (REGISTERED NUMBER: 10573824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2024
and 31 January 2025 50,915
DEPRECIATION
At 1 February 2024 12,729
Charge for year 9,547
At 31 January 2025 22,276
NET BOOK VALUE
At 31 January 2025 28,639
At 31 January 2024 38,186

5. STOCKS
2025 2024
£    £   
Work-in-progress 9,680 5,566

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 12,656 5,722
Other debtors - 4,317
Directors' current accounts - 12,050
Prepayments - 599
12,656 22,688

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 5,450 5,450
Hire purchase contracts 7,600 6,880
Trade creditors 6,267 7,298
Tax 1,308 10,404
Social security and other taxes 7,293 -
VAT 9,008 871
Other creditors - 182
Directors' current accounts 284 -
Accrued expenses 1,880 1,815
39,090 32,900

GET PLASTERED SOUTHWEST LIMITED (REGISTERED NUMBER: 10573824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 1-2 years 5,455 5,450
Bank loans - 2-5 years - 5,458
Hire purchase contracts 17,826 25,426
23,281 36,334

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

2025 2024
£    £   
Mrs S Richardson and Mr N G Richardson
Balance outstanding at start of year 12,050 (4,273 )
Amounts advanced 59,691 58,635
Amounts repaid (72,025 ) (42,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (284 ) 12,050

Loans are unsecured, interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £15,000 (2024 - £37,400) were paid to the directors .

11. GOVERNMENT GUARANTEED LOAN

The bank loan of £10,904.61 is a COVID-19 Bounce Back Loan, guaranteed by the government. Term runs to January 2027.