IAN DAY DECORATORS LIMITED


Directors	DAY, Ian
	DAY, Michelle


Company Secretary	DAY, Ian


Registered Address	1 Gemini Court
	42a Throwley Way,
	Sutton
	SM1 4AF


Registered Number	06309298 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		23,852		31,803
			23,852		31,803
Current assets
Debtors	4	9,845		10,555
Cash at bank and on hand		47,320		68,887
		57,165		79,442
Creditors amounts falling due within one year	5	(50,110)		(57,169)
Net current assets (liabilities)			7,055		22,273
Total assets less current liabilities			30,907		54,076
Creditors amounts falling due after one year	6		(23,611)		(29,167)
Provisions for liabilities	7		(5,955)		(7,638)
Net assets			1,341		17,271
Capital and reserves
Called up share capital			100		100
Profit and loss account			1,241		17,171
Shareholders' funds			1,341		17,271

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 18 September 2025, and are signed on its behalf by:

DAY, Ian
Director
Registered Company No. 06309298

IAN DAY DECORATORS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Vehicles	25
	Office Equipment	25

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	3		3

3.	Tangible fixed assets

	Vehicles	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 April 24	53,147	1,654	54,801
At 31 March 25	53,147	1,654	54,801
Depreciation and impairment
At 01 April 24	21,388	1,610	22,998
Charge for year	7,940	11	7,951
At 31 March 25	29,328	1,621	30,949
Net book value
At 31 March 25	23,819	33	23,852
At 31 March 24	31,759	44	31,803

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	-	9,380
Other debtors	9,757	650
Prepayments and accrued income	88	525
Total	9,845	10,555

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	16	1,200
Bank borrowings and overdrafts	5,556	5,556
Taxation and social security	39,660	17,970
Other creditors	226	28,608
Accrued liabilities and deferred income	4,652	3,835
Total	50,110	57,169

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	23,611	29,167
Total	23,611	29,167

7.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	5,955	7,638
Total	5,955	7,638

8.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
DAY, Ian	0	9,107	0	9,107
	0	9,107	0	9,107


	The outstanding amount will be fully repaid within 9 months of the accounting period.