7 false false false false false false false false false false true false false false false true false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 06150986 2024-04-01 2025-03-31 06150986 2025-03-31 06150986 2024-03-31 06150986 2023-04-01 2024-03-31 06150986 2024-03-31 06150986 2023-03-31 06150986 core:PlantMachinery 2024-04-01 2025-03-31 06150986 core:MotorVehicles 2024-04-01 2025-03-31 06150986 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 06150986 bus:OrdinaryShareClass3 2024-04-01 2025-03-31 06150986 bus:Director2 2024-04-01 2025-03-31 06150986 bus:Director1 2024-04-01 2025-03-31 06150986 core:WithinOneYear 2025-03-31 06150986 core:WithinOneYear 2024-03-31 06150986 core:PlantMachinery 2024-03-31 06150986 core:MotorVehicles 2024-03-31 06150986 core:PlantMachinery 2025-03-31 06150986 core:MotorVehicles 2025-03-31 06150986 core:AfterOneYear 2025-03-31 06150986 core:AfterOneYear 2024-03-31 06150986 core:ShareCapital 2025-03-31 06150986 core:ShareCapital 2024-03-31 06150986 core:RetainedEarningsAccumulatedLosses 2025-03-31 06150986 core:RetainedEarningsAccumulatedLosses 2024-03-31 06150986 core:BetweenOneFiveYears 2025-03-31 06150986 core:BetweenOneFiveYears 2024-03-31 06150986 core:PlantMachinery 2024-03-31 06150986 core:MotorVehicles 2024-03-31 06150986 bus:Director1 2024-03-31 06150986 bus:Director2 2024-03-31 06150986 bus:Director2 2025-03-31 06150986 bus:Director1 2023-03-31 06150986 bus:Director1 2024-03-31 06150986 bus:Director2 2023-03-31 06150986 bus:Director2 2024-03-31 06150986 bus:Director1 2023-04-01 2024-03-31 06150986 bus:Director2 2023-04-01 2024-03-31 06150986 bus:SmallEntities 2024-04-01 2025-03-31 06150986 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 06150986 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06150986 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06150986 bus:FullAccounts 2024-04-01 2025-03-31 06150986 bus:OrdinaryShareClass2 2025-03-31 06150986 bus:OrdinaryShareClass2 2024-03-31 06150986 bus:OrdinaryShareClass3 2025-03-31 06150986 bus:OrdinaryShareClass3 2024-03-31 06150986 bus:AllOrdinaryShares 2025-03-31 06150986 bus:AllOrdinaryShares 2024-03-31 06150986 core:OfficeEquipment 2024-04-01 2025-03-31 06150986 core:OfficeEquipment 2025-03-31 06150986 core:OfficeEquipment 2024-03-31 06150986 core:AfterOneYear 2024-04-01 2025-03-31
COMPANY REGISTRATION NUMBER: 06150986
CLADDING MAINTENANCE & SOLUTIONS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2025
CLADDING MAINTENANCE & SOLUTIONS LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
5
42,845
58,606
Current assets
Stocks
76,500
66,403
Debtors
6
1,082,520
994,323
Cash at bank and in hand
449,311
265,490
------------
------------
1,608,331
1,326,216
Creditors: amounts falling due within one year
7
1,068,936
856,939
------------
------------
Net current assets
539,395
469,277
---------
---------
Total assets less current liabilities
582,240
527,883
Creditors: amounts falling due after more than one year
8
3,334
17,640
Provisions
10,711
14,652
---------
---------
Net assets
568,195
495,591
---------
---------
Capital and reserves
Called up share capital
10
5
10
Profit and loss account
568,190
495,581
---------
---------
Shareholders funds
568,195
495,591
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
CLADDING MAINTENANCE & SOLUTIONS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 16 May 2025 , and are signed on behalf of the board by:
Mr J J Percival
Director
Company registration number: 06150986
CLADDING MAINTENANCE & SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Old Mill, Blisworth Hill Farm, Stoke Road, Blisworth, Northampton, NN7 3DB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2024: 7 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 April 2024 and 31 March 2025
12,199
146,414
26,416
185,029
--------
---------
--------
---------
Depreciation
At 1 April 2024
11,254
96,990
18,179
126,423
Charge for the year
237
12,356
3,168
15,761
--------
---------
--------
---------
At 31 March 2025
11,491
109,346
21,347
142,184
--------
---------
--------
---------
Carrying amount
At 31 March 2025
708
37,068
5,069
42,845
--------
---------
--------
---------
At 31 March 2024
945
49,424
8,237
58,606
--------
---------
--------
---------
6. Debtors
2025
2024
£
£
Trade debtors
981,281
903,438
Other debtors
101,239
90,885
------------
---------
1,082,520
994,323
------------
---------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
720,501
681,332
Accruals and deferred income
36,223
13,985
Corporation tax
228,535
93,459
Social security and other taxes
23,175
21,494
Obligations under finance leases and hire purchase contracts
4,307
14,755
Other creditors
46,195
21,914
------------
---------
1,068,936
856,939
------------
---------
The amounts due under hire purchase contracts are secured on the assets concerned .
8. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
3,334
13,333
Obligations under finance leases and hire purchase contracts
4,307
-------
--------
3,334
17,640
-------
--------
The amounts due under hire purchase contracts are secured on the assets concerned .
9. Finance leases and hire purchase contracts
The total future minimum lease payments under finance leases and hire purchase contracts are as follows:
2025
2024
£
£
Not later than 1 year
4,307
14,755
Later than 1 year and not later than 5 years
4,307
-------
--------
4,307
19,062
-------
--------
10. Called up share capital
Issued, called up and fully paid
2025
2024
No.
£
No.
£
Ordinary A shares of £ 0.01 each
335
3
670
7
Ordinary B shares of £ 0.01 each
165
2
330
3
----
----
-------
----
500
5
1,000
10
----
----
-------
----
11. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2025
2024
£
£
Not later than 1 year
16,150
16,150
Later than 1 year and not later than 5 years
19,070
35,220
--------
--------
35,220
51,370
--------
--------
12. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2025
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr P D Abel
6,028
9,275
( 15,303)
Mr J J Percival
11,200
67,778
( 65,090)
13,888
--------
--------
--------
--------
17,228
77,053
( 80,393)
13,888
--------
--------
--------
--------
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr P D Abel
14,689
71,716
( 80,377)
6,028
Mr J J Percival
15,420
106,690
( 110,910)
11,200
--------
---------
---------
--------
30,109
178,406
( 191,287)
17,228
--------
---------
---------
--------
Interest of 2.25% was charged by the company on overdrawn amounts.