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Registered number: 07761761
Resin Surface Installations Limited
Financial Statements
For The Year Ended 30 September 2024
The PHLT Group
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07761761
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,812 40,375
22,812 40,375
CURRENT ASSETS
Stocks 5 2,400 2,400
Debtors 6 53,367 36,161
Cash at bank and in hand 20,193 12,162
75,960 50,723
Creditors: Amounts Falling Due Within One Year 7 (97,618 ) (66,722 )
NET CURRENT ASSETS (LIABILITIES) (21,658 ) (15,999 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,154 24,376
Creditors: Amounts Falling Due After More Than One Year 8 - (21,849 )
NET ASSETS 1,154 2,527
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 1,054 2,427
SHAREHOLDERS' FUNDS 1,154 2,527
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For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Rands
Director
04/06/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Resin Surface Installations Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07761761 . The registered office is Wright House, Crouchley Lane, Lymm, WA13 0AS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is immaterial therefore no provision has been made. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 October 2023 94,189
As at 30 September 2024 94,189
Depreciation
As at 1 October 2023 53,814
Provided during the period 17,563
As at 30 September 2024 71,377
Net Book Value
As at 30 September 2024 22,812
As at 1 October 2023 40,375
5. Stocks
2024 2023
£ £
Stock 2,400 -
Materials - 2,400
2,400 2,400
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 49,057 29,644
VAT 4,310 6,517
53,367 36,161
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 22,789 14,566
Bank loans and overdrafts 7,289 5,609
Corporation tax 16,923 3,691
Other taxes and social security 7,473 2,294
Net wages 7,300 8,102
Other creditors 5,950 5,950
Directors' loan accounts 29,894 26,510
97,618 66,722
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 21,849
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 22,789 14,566
Later than one year and not later than five years - 21,849
22,789 36,415
22,789 36,415
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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