REGISTERED NUMBER: 12301072 (England and Wales)

Unaudited Financial Statements

for the Period 1 December 2023 to 31 December 2024

for

UPVC Spray Painters Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Kapre

D Zahid

REGISTERED OFFICE:

Falcon House

Albion Mills

Hutson Street

Bradford

West Yorkshire

BD5 7LZ

REGISTERED NUMBER:

12301072 (England and Wales)

ACCOUNTANTS:

Enigma Accountants Ltd

Office B5, Croft Myl

West Parade

Halifax

West Yorkshire

HX1 2EQ

FIXED ASSETS

Intangible assets

4

5,775

12,600

Tangible assets

5

76,130

85,833

81,905

98,433

CURRENT ASSETS

Debtors

6

132,087

78,620

Cash at bank

155,121

145,597

287,208

224,217

CREDITORS

Amounts falling due within one year

7

216,856

195,562

NET CURRENT ASSETS

70,352

28,655

TOTAL ASSETS LESS CURRENT LIABILITIES

152,257

127,088

CREDITORS

Amounts falling due after more than one year

8

(83,904

)

(105,304

)

PROVISIONS FOR LIABILITIES

(18,271

)

-

NET ASSETS

50,082

21,784

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

49,982

21,684

50,082

21,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 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 26 August 2025 and were signed on its behalf by:

A Kapre - Director

D Zahid - Director

1.	STATUTORY INFORMATION

UPVC Spray Painters Ltd 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Domain names are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost and 15% on reducing balance

Taxation

Taxation for the period 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 period 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 period was 3 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 December 2023

and 31 December 2024

31,500

AMORTISATION

At 1 December 2023

18,900

Charge for period

6,825

At 31 December 2024

25,725

NET BOOK VALUE

At 31 December 2024

5,775

At 30 November 2023

12,600

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2023

104,789

Additions

5,521

At 31 December 2024

110,310

DEPRECIATION

At 1 December 2023

18,956

Charge for period

15,224

At 31 December 2024

34,180

NET BOOK VALUE

At 31 December 2024

76,130

At 30 November 2023

85,833

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 December 2023

and 31 December 2024

93,880

DEPRECIATION

At 1 December 2023

14,082

Charge for period

12,967

At 31 December 2024

27,049

NET BOOK VALUE

At 31 December 2024

66,831

At 30 November 2023

79,798

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.11.23

£

£

Trade debtors

109,738

50,539

Amounts recoverable on contract

9,908

11,667

Other debtors

12,441

16,414

132,087

78,620

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.11.23

£

£

Bank loans and overdrafts

5,556

5,556

Hire purchase contracts (see note 9)

15,381

42,246

Trade creditors

51,336

27,099

Taxation and social security

90,887

32,551

Other creditors

53,696

88,110

216,856

195,562

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

30.11.23

£

£

Bank loans

28,875

34,894

Hire purchase contracts (see note 9)

55,029

70,410

83,904

105,304

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

6,652

12,671

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.12.24

30.11.23

£

£

Gross obligations repayable:

Within one year

20,911

49,075

Between one and five years

62,734

83,645

83,645

132,720

Finance charges repayable:

Within one year

5,530

6,829

Between one and five years

7,705

13,235

13,235

20,064

Net obligations repayable:

Within one year

15,381

42,246

Between one and five years

55,029

70,410

70,410

112,656

Non-cancellable

operating leases

31.12.24

30.11.23

£

£

Within one year

12,958

13,439

Between one and five years

8,384

2,592

21,342

16,031

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

30.11.23

£

£

Hire purchase contracts

70,410

112,656

The loan in respect of the hire purchase agreement is secured against the asset to which it relates.

11.	RELATED PARTY DISCLOSURES

At the year end loans of £43961 were due to the directors of the company (2003 £69250). These loans are interest free and repayable on demand.