REGISTERED NUMBER: 12563456 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th April 2025

for

Fallon Surface Repair Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

4,789

-

Tangible assets

5

69,259

95,177

74,048

95,177

CURRENT ASSETS

Debtors

6

37,270

11,944

Cash at bank

17,154

42,381

54,424

54,325

CREDITORS

Amounts falling due within one year

7

45,180

43,305

NET CURRENT ASSETS

9,244

11,020

TOTAL ASSETS LESS CURRENT LIABILITIES

83,292

106,197

CREDITORS

Amounts falling due after more than one year

8

(61,401

)

(78,711

)

PROVISIONS FOR LIABILITIES

(17,315

)

(23,793

)

NET ASSETS

4,576

3,693

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

4,575

3,692

4,576

3,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 2nd September 2025 and were signed by:

Mr LM Fallon - Director

1.	STATUTORY INFORMATION

Fallon Surface Repair Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

12563456

Registered office:

C/o RBK

Lymedale Business Centre

Hooters Hall Road

Newcastle Under Lyme

ST5 9QF

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

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

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.

Patents and licences 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

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

Additions

1,361

Reclassification/transfer

11,447

At 30th April 2025

12,808

AMORTISATION

Amortisation for year

2,562

Reclassification/transfer

5,457

At 30th April 2025

8,019

NET BOOK VALUE

At 30th April 2025

4,789

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st May 2024

1,194

9,665

102,837

1,651

115,347

Additions

-

-

-

1,123

1,123

Reclassification/transfer

-

-

(11,447

)

-

(11,447

)

At 30th April 2025

1,194

9,665

91,390

2,774

105,023

DEPRECIATION

At 1st May 2024

1,194

5,925

11,813

1,238

20,170

Charge for year

-

2,136

18,278

637

21,051

Reclassification/transfer

-

-

(5,457

)

-

(5,457

)

At 30th April 2025

1,194

8,061

24,634

1,875

35,764

NET BOOK VALUE

At 30th April 2025

-

1,604

66,756

899

69,259

At 30th April 2024

-

3,740

91,024

413

95,177

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

Motor

vehicles

£

COST

At 1st May 2024

87,495

Transfer to ownership

3,895

At 30th April 2025

91,390

DEPRECIATION

At 1st May 2024

6,356

Charge for year

18,278

At 30th April 2025

24,634

NET BOOK VALUE

At 30th April 2025

66,756

At 30th April 2024

81,139

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

15,026

9,438

Other debtors

22,244

2,506

37,270

11,944

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

5,708

5,330

Hire purchase contracts

11,602

11,602

Taxation and social security

22,727

23,581

Other creditors

5,143

2,792

45,180

43,305

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans

-

5,708

Hire purchase contracts

61,401

73,003

61,401

78,711

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2025 and 30th April 2024:

30.4.25

30.4.24

£

£

Mr LM Fallon

Balance outstanding at start of year

(647

)

(647

)

Amounts advanced

19,488

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

18,841

(647

)

The directors loan has been provided interest free and has also been repaid within nine months of the year end.