North Wales Liquid Screed Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 13091806 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

North Wales Liquid Screed Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N M Smith

REGISTERED OFFICE:

Betws Barn

Betws Garmon

Caernarfon

Gwynedd

LL54 7YY

REGISTERED NUMBER:

13091806 (England and Wales)

ACCOUNTANTS:

Craven Dalton

PO Box 284

Wirral

CH29 9GW

FIXED ASSETS

Tangible assets

4

37,550

46,571

CURRENT ASSETS

Debtors

5

13,104

22,795

Cash at bank and in hand

37,994

14,839

51,098

37,634

CREDITORS

Amounts falling due within one year

6

31,651

22,212

NET CURRENT ASSETS

19,447

15,422

TOTAL ASSETS LESS CURRENT
LIABILITIES

56,997

61,993

PROVISIONS FOR LIABILITIES

5,921

8,848

NET ASSETS

51,076

53,145

CAPITAL AND RESERVES

Called up share capital

50

Retained earnings

51,026

53,095

SHAREHOLDERS' FUNDS

51,076

53,145

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2025 and were signed by:

N M Smith - Director

1.	STATUTORY INFORMATION

North Wales Liquid Screed 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.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1 January 2024

30,895

21,000

300

52,195

Additions

2,855

-

2,855

At 31 December 2024

33,750

21,000

300

55,050

DEPRECIATION

At 1 January 2024

761

4,813

50

5,624

Charge for year

7,767

4,046

63

11,876

At 31 December 2024

8,528

8,859

113

17,500

NET BOOK VALUE

At 31 December 2024

25,222

12,141

187

37,550

At 31 December 2023

30,134

16,187

250

46,571

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

4,712

16,090

Directors' loan accounts

3,283

-

VAT

5,109

6,705

13,104

22,795

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

31,344

20,922

Tax

1,811

533

Social security and other taxes

(2,579

)

(2,319

)

Directors' loan accounts

-

2,001

Accrued expenses

1,075

31,651

22,212

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

N M Smith

Balance outstanding at start of year

(2,001

)

1,945

Amounts advanced

10,804

20,574

Amounts repaid

(5,520

)

(24,520

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

3,283

(2,001

)