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REGISTERED NUMBER: 10550540 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

S P SAFETY DECKING LIMITED

S P SAFETY DECKING LIMITED (REGISTERED NUMBER: 10550540)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S P SAFETY DECKING LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2025







DIRECTOR: Mr S Porter





REGISTERED OFFICE: 288 Church Street
Blackpool
Lancashire
FY1 3QA





REGISTERED NUMBER: 10550540 (England and Wales)





ACCOUNTANTS: ma2 (Blackpool) Limited
288 Church Street
Blackpool
Lancashire
FY1 3QA

S P SAFETY DECKING LIMITED (REGISTERED NUMBER: 10550540)

BALANCE SHEET
31 January 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 104,956 123,737

CURRENT ASSETS
Debtors 5 73,822 90,474
Cash at bank 31,241 61,451
105,063 151,925
CREDITORS
Amounts falling due within one year 6 32,248 50,009
NET CURRENT ASSETS 72,815 101,916
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,771

225,653

CREDITORS
Amounts falling due after more than one
year

7

(3,529

)

(11,847

)

PROVISIONS FOR LIABILITIES 8 (26,239 ) (28,460 )
NET ASSETS 148,003 185,346

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 147,903 185,246
SHAREHOLDERS' FUNDS 148,003 185,346

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

S P SAFETY DECKING LIMITED (REGISTERED NUMBER: 10550540)

BALANCE SHEET - continued
31 January 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 August 2025 and were signed by:





Mr S Porter - Director


S P SAFETY DECKING LIMITED (REGISTERED NUMBER: 10550540)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2025


1. STATUTORY INFORMATION

S P Safety Decking Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

S P SAFETY DECKING LIMITED (REGISTERED NUMBER: 10550540)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2024 311,405 41,680 2,731 355,816
Additions 11,861 - - 11,861
At 31 January 2025 323,266 41,680 2,731 367,677
DEPRECIATION
At 1 February 2024 213,985 15,457 2,637 232,079
Charge for year 27,320 3,275 47 30,642
At 31 January 2025 241,305 18,732 2,684 262,721
NET BOOK VALUE
At 31 January 2025 81,961 22,948 47 104,956
At 31 January 2024 97,420 26,223 94 123,737

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 36,593 48,615
PAYE and CIS 35,238 35,628
Prepayments 1,991 6,231
73,822 90,474

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 8,318 8,112
Hire purchase contracts - 4,003
Trade creditors 6,214 5,269
Tax 15,147 28,554
VAT 440 1,387
Directors' current accounts 60 45
Accrued expenses 2,069 2,639
32,248 50,009

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 2-5 years 3,529 11,847

S P SAFETY DECKING LIMITED (REGISTERED NUMBER: 10550540)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025


8. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 26,239 28,460

Deferred
tax
£   
Balance at 1 February 2024 28,460
Provided during year (2,221 )
Balance at 31 January 2025 26,239

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary 1 100 100