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
R SMITH DECORATING LIMITED
Company Information
for the year ended 30 April 2025
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
R SMITH DECORATING LIMITED
Statement of financial position
as at 30 April 2025
Tangible assets
23,804
25,081
Cash at bank and in hand
13,649
6,400
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
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
R SMITH DECORATING LIMITED
Notes to the Accounts
for the year ended 30 April 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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
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
At 30 April 2025
1,469
21,986
143
206
23,804
At 30 April 2024
1,836
22,808
179
258
25,081
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
14,336
17,920
Amounts falling due within one year
Other debtors
14,948
9,548
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
2,000
2,000
Obligations under finance leases and hire purchase contracts
4,866
4,866
Taxes and social security
5,479
3,299
Loans from directors
(2,376)
-
Deferred income
14,948
9,548
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
Obligations under finance leases and hire purchase contracts
15,813
19,603
Taxes and social security
3,298
2,090
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
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.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Unsecured Loan
-
2,375
-
2,375
11
Average number of employees
During the year the average number of employees was 1 (2024: 1).