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SOUTHERN DECORATORS LIMITED

Registered Number
05780040
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

SOUTHERN DECORATORS LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors

HEMSLEY, Nicholas Steven
SEAMAN, Kevin

Company Secretary

HEMSLEY, Nicholas Steven

Registered Address

12a Marlborough Place
Brighton
BN1 1WN

Registered Number

05780040 (England and Wales)
SOUTHERN DECORATORS LIMITED
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Intangible assets425,00025,000
Tangible assets523,37530,424
48,37555,424
Current assets
Stocks6500500
Debtors714,79318,741
Cash at bank and on hand66,89059,460
82,18378,701
Creditors amounts falling due within one year8(69,966)(51,084)
Net current assets (liabilities)12,21727,617
Total assets less current liabilities60,59283,041
Creditors amounts falling due after one year9(29,051)(45,015)
Provisions for liabilities11(5,845)(7,607)
Net assets25,69630,419
Capital and reserves
Called up share capital100100
Profit and loss account25,59630,319
Shareholders' funds25,69630,419
The financial statements were approved and authorised for issue by the Board of Directors on 6 June 2025, and are signed on its behalf by:
HEMSLEY, Nicholas Steven
Director
Registered Company No. 05780040
SOUTHERN DECORATORS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery15
Vehicles25
Office Equipment15
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20252024
Average number of employees during the year55
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 2425,00025,000
At 31 March 2525,00025,000
Net book value
At 31 March 2525,00025,000
At 31 March 2425,00025,000
5.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 April 2422,40574,19812,861109,464
At 31 March 2522,40574,19812,861109,464
Depreciation and impairment
At 01 April 2417,44450,92110,67579,040
Charge for year7445,8204857,049
At 31 March 2518,18856,74111,16086,089
Net book value
At 31 March 254,21717,4571,70123,375
At 31 March 244,96123,2772,18630,424
6.Stocks

2025

2024

££
Finished goods500500
Total500500
7.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables10,70217,077
Other debtors4,0911,664
Total14,79318,741
8.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables22,62521,560
Bank borrowings and overdrafts1,8042,498
Taxation and social security42,91910,326
Other creditors2,61816,700
Total69,96651,084
9.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts11,65921,661
Other creditors17,39223,354
Total29,05145,015
10.Obligations under finance leases

2025

2024

££
Finance lease and HP contracts17,39223,355
11.Provisions for liabilities

2025

2024

££
Net deferred tax liability (asset)5,8457,607
Total5,8457,607