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SBR PLASTERING AND DRYLINING LIMITED

Registered Number
10477789
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

SBR PLASTERING AND DRYLINING LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors

DIXON, Craig
MARSLAND, Lisa

Registered Address

7 Little Thorpe Lane
Thorpe-On-The-Hill
Lincoln
LN6 9BL

Registered Number

10477789 (England and Wales)
SBR PLASTERING AND DRYLINING LIMITED
Statement of Financial Position
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Intangible assets36,0008,000
Tangible assets474,61399,032
80,613107,032
Current assets
Debtors222,971200,365
Cash at bank and on hand19,98325,033
242,954225,398
Creditors amounts falling due within one year(217,719)(210,347)
Net current assets (liabilities)25,23515,051
Total assets less current liabilities105,848122,083
Creditors amounts falling due after one year(64,200)(83,419)
Provisions for liabilities(14,176)(18,816)
Net assets27,47219,848
Capital and reserves
Called up share capital100100
Profit and loss account27,37219,748
Shareholders' funds27,47219,848
The financial statements were approved and authorised for issue by the Board of Directors on 11 June 2025, and are signed on its behalf by:
DIXON, Craig
Director
Registered Company No. 10477789
SBR PLASTERING AND DRYLINING 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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
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 measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Vehicles25
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20252024
Average number of employees during the year00
3.Intangible assets
Goodwill is amortised over 10 years on a straight line basis.

Total

£
Cost or valuation
At 01 April 2420,000
At 31 March 2520,000
Amortisation and impairment
At 01 April 2412,000
Charge for year2,000
At 31 March 2514,000
Net book value
At 31 March 256,000
At 31 March 248,000
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 24133,448
At 31 March 25133,448
Depreciation and impairment
At 01 April 2434,416
Charge for year24,419
At 31 March 2558,835
Net book value
At 31 March 2574,613
At 31 March 2499,032
Plant and equipment is depreciated at 25% using the Reducing Balance method.
5.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
DIXON, Craig9,9187,4289,9187,428
MARSLAND, Lisa9,9187,4289,9187,428
19,83614,85619,83614,856
The amounts advanced were repaid in full within 9 months after the year end.