REGISTERED NUMBER: 05603411 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

L & M SPRAY FINISHERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M J Cutkelvin

Mr L A Irish

SECRETARY:

Mr M J Cutkelvin

REGISTERED OFFICE:

188 Scudamore Road

Leicester

Leicestershire

LE3 1UQ

REGISTERED NUMBER:

05603411 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

26,781

30,669

26,781

30,669

CURRENT ASSETS

Stocks

6

5,000

9,900

Debtors

7

163,585

175,173

Cash at bank

103,141

157,150

271,726

342,223

CREDITORS

Amounts falling due within one year

8

88,460

126,674

NET CURRENT ASSETS

183,266

215,549

TOTAL ASSETS LESS CURRENT LIABILITIES

210,047

246,218

PROVISIONS FOR LIABILITIES

6,695

7,667

NET ASSETS

203,352

238,551

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

202,352

237,551

SHAREHOLDERS' FUNDS

203,352

238,551

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 2 September 2025 and were signed on its behalf by:

Mr M J Cutkelvin - Director

Mr L A Irish - Director

1.	STATUTORY INFORMATION

L & M Spray Finishers 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Revenue comprises the fair value for the provision of services excluding value added taxes. The company provides services to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 20% on reducing balance

Fixtures and fittings - 15% on reducing balance

Computer equipment - 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

100,000

2,995

102,995

AMORTISATION

At 1 April 2024

and 31 March 2025

100,000

2,995

102,995

NET BOOK VALUE

At 31 March 2025

-

-

-

At 31 March 2024

-

-

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

144,634

2,147

16,443

163,224

Additions

-

1,122

2,887

4,009

At 31 March 2025

144,634

3,269

19,330

167,233

DEPRECIATION

At 1 April 2024

121,039

1,547

9,969

132,555

Charge for year

4,718

175

3,004

7,897

At 31 March 2025

125,757

1,722

12,973

140,452

NET BOOK VALUE

At 31 March 2025

18,877

1,547

6,357

26,781

At 31 March 2024

23,595

600

6,474

30,669

6.

STOCKS

2025

2024

£

£

Stocks

5,000

9,900

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

139,447

158,332

Other debtors

24,138

16,841

163,585

175,173

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

23,988

28,054

Taxation and social security

43,225

79,247

Other creditors

21,247

19,373

88,460

126,674

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

59,658

58,610

Between one and five years

58,186

115,835

117,844

174,445

10.	RELATED PARTY DISCLOSURES

As at 31 March 2025, £1,258 (2024 - £7,943) was owed to the directors of the company.

The loans are interest free and repayable on demand.