Sunnybank Plastering Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04064995

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		169,103		127,657

			169,103		127,657
CURRENT ASSETS
Stocks	6	80,035		38,212
Debtors	7	1,929,626		1,644,093
Cash at bank and in hand		1,004,644		1,438,092

		3,014,305		3,120,397
Creditors: Amounts Falling Due Within One Year	8	(2,825,309 )		(2,589,997 )

NET CURRENT ASSETS (LIABILITIES)			188,996		530,400

TOTAL ASSETS LESS CURRENT LIABILITIES			358,099		658,057

PROVISIONS FOR LIABILITIES
Deferred Taxation			(29,118 )		(31,914 )

NET ASSETS			328,981		626,143

CAPITAL AND RESERVES
Called up share capital	9		1,002		1,002
Share premium account			75,000		75,000
Profit and Loss Account			252,979		550,141

SHAREHOLDERS' FUNDS			328,981		626,143

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Sunnybank Plastering Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Philip James Kernaghan

Director

24/07/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Sunnybank Plastering Limited Registered number 04064995 is a limited by shares company incorporated in England & Wales. The Registered Office is Sunnybank House, Devon Avenue, Whitefield, Manchester, M45 8QQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10% straight line
Plant & Machinery	20% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	20% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

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Sunnybank Plastering Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Government Grant

Government grants have been disclosed in the financial statement in line with the SSAP 4 disclosure requirements. Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2024: 10)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	45,000

As at 31 March 2025	45,000

Amortisation
As at 1 April 2024	45,000

As at 31 March 2025	45,000

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 April 2024	46,559	23,123	82,539	156,261	308,482
Additions	-	-	79,984	2,445	82,429

As at 31 March 2025	46,559	23,123	162,523	158,706	390,911

...CONTINUED

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Sunnybank Plastering Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	25,181	22,411	14,185	119,048	180,825
Provided during the period	4,656	142	28,253	7,932	40,983

As at 31 March 2025	29,837	22,553	42,438	126,980	221,808

Net Book Value
As at 31 March 2025	16,722	570	120,085	31,726	169,103

As at 1 April 2024	21,378	712	68,354	37,213	127,657

6. Stocks

	2025	2024
	£	£
Materials	75,533	35,362
Work in progress	4,502	2,850

	80,035	38,212

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,800,855	1,523,266
Prepayments and accrued income	36,572	50,618
Other debtors	-	1,000
VAT	92,199	69,209

	1,929,626	1,644,093

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,408,565	976,588
Corporation tax	259,276	287,145
Other taxes and social security	81,073	69,337
Other creditors	111,945	222,016
Accruals and deferred income	964,226	1,034,687
Directors' loan accounts	224	224

	2,825,309	2,589,997

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,002	1,002

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