Registered number
06188410
Hugh Irwin Specialist Decorators Limited
Filleted Accounts
31 March 2025
Hugh Irwin Specialist Decorators Limited
Registered number: 06188410
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 11,996 10,725
Current assets
Cash at bank and in hand 21,544 17,366
Creditors: amounts falling due within one year 4 (26,132) (12,278)
Net current (liabilities)/assets (4,588) 5,088
Total assets less current liabilities 7,408 15,813
Creditors: amounts falling due after more than one year 5 (246) (1,956)
Net assets 7,162 13,857
Capital and reserves
Called up share capital 2 2
Profit and loss account 7,160 13,855
Shareholders' funds 7,162 13,857
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H Irwin
Director
Approved by the board on 26 June 2025
Hugh Irwin Specialist Decorators Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 rendering of painting and decorating 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 April 2024 14,300
Additions 15,995
Disposals (14,300)
At 31 March 2025 15,995
Depreciation
At 1 April 2024 3,575
Charge for the year 3,999
On disposals (3,575)
At 31 March 2025 3,999
Net book value
At 31 March 2025 11,996
At 31 March 2024 10,725
4 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 1,800 1,836
Trade creditors 188 -
Taxation and social security costs 3,458 10
Other creditors 20,686 10,432
26,132 12,278
5 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 246 1,956
6 Other information
Hugh Irwin Specialist Decorators Limited is a private company limited by shares and incorporated in England. Its registered office is:
Grove House
Widhill Lane
Blunsdon
Wilts
SN26 8BX
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