Interface Sheet Metal & Paint Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04477505

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

INTERFACE SHEET METAL & PAINT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

7

DIRECTORS:

H O'Shaughnessy

M Love

I R Casselden

G Woodley

SECRETARY:

I R Casselden

REGISTERED OFFICE:

Unit 4 Brunel Road

Churchfields Industrial Estate,

St Leonards on Sea

East Sussex

TN38 9RT

REGISTERED NUMBER:

04477505

ACCOUNTANTS:

Xeinadin

2 Upperton Gardens

Eastbourne

East Sussex

BN21 2AH

FIXED ASSETS

Tangible assets

4

46,184

63,424

Investments

5

26

46,210

63,450

CURRENT ASSETS

Stocks

7,700

1,348

Debtors

6

161,242

291,399

Cash at bank and in hand

82,233

31,395

251,175

324,142

CREDITORS

Amounts falling due within one year

7

80,424

164,582

NET CURRENT ASSETS

170,751

159,560

TOTAL ASSETS LESS CURRENT
LIABILITIES

216,961

223,010

CREDITORS

Amounts falling due after more than one
year

8

4,571

14,965

NET ASSETS

212,390

208,045

CAPITAL AND RESERVES

Called up share capital

1,053

Retained earnings

211,337

206,992

SHAREHOLDERS' FUNDS

212,390

208,045

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2025 and were signed on its behalf by:

H O'Shaughnessy - Director

I R Casselden - Director

M Love - Director

G Woodley - Director

1.	STATUTORY INFORMATION

Interface Sheet Metal & Paint Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Preparation of consolidated financial statements

The financial statements contain information about Interface Sheet Metal & Paint Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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 Statement of Income and Retained Earnings, 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 not recognised in respect of timing differences that have originated but not reversed at the balance sheet date. The directors accept that this accounting treatment does not comply with Financial Reporting Standard 102 but still conclude that the financial statements give a true and fair view of the company's financial position and performance.

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 year was 6 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

COST

At 1 March 2024

3,087

255,656

13,995

2,909

275,647

Additions

-

216

Disposals

-

(29,203

)

-

(29,203

)

At 28 February 2025

3,087

226,453

13,995

3,125

246,660

DEPRECIATION

At 1 March 2024

3,087

205,935

292

2,909

212,223

Charge for year

-

8,944

3,498

12

12,454

Eliminated on disposal

-

(24,201

)

-

(24,201

)

At 28 February 2025

3,087

190,678

3,790

2,921

200,476

NET BOOK VALUE

At 28 February 2025

-

35,775

10,205

204

46,184

At 29 February 2024

-

49,721

13,703

-

63,424

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 March 2024

and 28 February 2025

26

NET BOOK VALUE

At 28 February 2025

26

At 29 February 2024

26

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

148,200

280,794

Other debtors

556

Prepayments and accrued income

12,486

10,049

161,242

291,399

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

10,249

9,991

Trade creditors

26,178

95,609

Amounts owed to group undertakings

985

Amounts owed to associates

7,244

11,997

Tax

7,058

20,363

Social security and other taxes

4,871

8,853

VAT

11,586

2,327

Other creditors

1,135

1,636

Accrued expenses

11,118

12,821

80,424

164,582

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

4,571

14,965

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Interface Sheet Metal & Paint Limited for the year ended 28 February 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Interface Sheet Metal & Paint Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Interface Sheet Metal & Paint Limited and state those matters that we have agreed to state to the Board of Directors of Interface Sheet Metal & Paint Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Interface Sheet Metal & Paint Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Interface Sheet Metal & Paint Limited. You consider that Interface Sheet Metal & Paint Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Interface Sheet Metal & Paint Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Xeinadin

2 Upperton Gardens

Eastbourne

East Sussex

BN21 2AH

12 June 2025