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Company Registration No. 11959809 (England and Wales)
R SMITH DECORATING LIMITED Unaudited accounts for the year ended 30 April 2025
R SMITH DECORATING LIMITED Unaudited accounts Contents
Page
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R SMITH DECORATING LIMITED Company Information for the year ended 30 April 2025
Director
Ryan Smith
Company Number
11959809 (England and Wales)
Registered Office
112-113 HIGH STREET LINCOLN LN5 7PY ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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R SMITH DECORATING LIMITED Statement of financial position as at 30 April 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
23,804 
25,081 
Current assets
Debtors
16,318 
20,993 
Cash at bank and in hand
13,649 
6,400 
29,967 
27,393 
Creditors: amounts falling due within one year
(26,588)
(21,221)
Net current assets
3,379 
6,172 
Total assets less current liabilities
27,183 
31,253 
Creditors: amounts falling due after more than one year
(20,489)
(24,838)
Provisions for liabilities
Deferred tax
(6,762)
(6,397)
Net (liabilities)/assets
(68)
18 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(168)
(82)
Shareholders' funds
(68)
18 
For the year ending 30 April 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 July 2025 and were signed on its behalf by
Ryan Smith Director Company Registration No. 11959809
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R SMITH DECORATING LIMITED Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
R SMITH DECORATING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11959809. The registered office is 112-113 HIGH STREET, LINCOLN, LN5 7PY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures & fittings
15% Reducing balance
Computer equipment
25% Reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Hire Purchase/Finance Lease & Operating Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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R SMITH DECORATING LIMITED Notes to the Accounts for the year ended 30 April 2025
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2024
5,845 
37,120 
400 
1,090 
44,455 
Additions
- 
7,000 
- 
- 
7,000 
Disposals
- 
(5,000)
- 
- 
(5,000)
At 30 April 2025
5,845 
39,120 
400 
1,090 
46,455 
Depreciation
At 1 May 2024
4,009 
14,312 
221 
832 
19,374 
Charge for the year
367 
4,622 
36 
52 
5,077 
On disposals
- 
(1,800)
- 
- 
(1,800)
At 30 April 2025
4,376 
17,134 
257 
884 
22,651 
Net book value
At 30 April 2025
1,469 
21,986 
143 
206 
23,804 
At 30 April 2024
1,836 
22,808 
179 
258 
25,081 
2025 
2024 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
14,336 
17,920 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
- 
568 
Trade debtors
1,370 
200 
Other debtors
14,948 
9,548 
16,318 
10,316 
Amounts falling due after more than one year
Other debtors
- 
10,677 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
2,000 
2,000 
VAT
(901)
- 
Obligations under finance leases and hire purchase contracts
4,866 
4,866 
Trade creditors
1,972 
908 
Taxes and social security
5,479 
3,299 
Loans from directors
(2,376)
- 
Accruals
600 
600 
Deferred income
14,948 
9,548 
26,588 
21,221 
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R SMITH DECORATING LIMITED Notes to the Accounts for the year ended 30 April 2025
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
1,378 
3,145 
Obligations under finance leases and hire purchase contracts
15,813 
19,603 
Taxes and social security
3,298 
2,090 
20,489 
24,838 
Bounce Back Loan Year 2. £1378 H. Purchase Year 2. - Year 4. £15,813
8
Deferred taxation
2025 
2024 
£ 
£ 
Accelerated capital allowances
6,762 
6,397 
2025 
2024 
£ 
£ 
Provision at start of year
6,397 
6,397 
Charged to the profit and loss account
365 
- 
Provision at end of year
6,762 
6,397 
A cumulative deferred taxation reserve of some £6,762 has been created due to accelerated capital allowances. This reserve will reverse in future periods and create a tax liability at the prevailing rate on the day.
9
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Ryan Smith
Unsecured Loan
- 
2,375 
- 
2,375 
- 
2,375 
- 
2,375 
11
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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