REGISTERED NUMBER: 04940203 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

FAIRWAY DECORATING SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

C D Wilson

Registered office:

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

Registered number:

04940203 (England and Wales)

Accountants:

S&W Partners (Manchester) Limited

Accountants

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

Fixed assets

Tangible assets

5

4,217

-

Current assets

Debtors

6

307,737

244,917

Cash at bank

65,884

128,219

373,621

373,136

Creditors

Amounts falling due within one year

7

191,979

133,997

Net current assets

181,642

239,139

Total assets less current liabilities

185,859

239,139

Creditors

Amounts falling due after more than one year

8

5,860

15,962

Net assets

179,999

223,177

Capital and reserves

Called up share capital

9

160

160

Capital redemption reserve

40

40

Retained earnings

179,799

222,977

Shareholders' funds

179,999

223,177

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

C D Wilson - Director

1.	Statutory information

Fairway Decorating Services Limited 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.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover comprises completed sales and the value of contracting work performed net of VAT and trade discounts which is recognised upon completion of the work.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

50% straight line, 33% straight line and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4.	Employees and directors

The average number of employees during the year was 12 (2023 - 14 ) .

5.	Tangible fixed assets

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

Cost

At 1 January 2024

8,429

29,631

38,060

Additions

-

4,600

4,600

Disposals

-

(29,631

)

(29,631

)

At 31 December 2024

8,429

4,600

13,029

Depreciation

At 1 January 2024

8,429

29,631

38,060

Charge for year

-

383

383

Eliminated on disposal

-

(29,631

)

(29,631

)

At 31 December 2024

8,429

383

8,812

Net book value

At 31 December 2024

-

4,217

4,217

At 31 December 2023

-

-

-

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

302,521

199,546

Other debtors

5,216

45,371

307,737

244,917

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

10,649

10,649

Trade creditors

41,994

23,480

Taxation and social security

109,498

92,257

Other creditors

29,838

7,611

191,979

133,997

8.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans

5,860

15,962

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

80

A Ordinary

£1

80

80

80

B Ordinary

£1

80

80

160

160

10.	Directors' advances, credits and guarantees

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

2024

2023

£

£

R C T Butterworth

Balance outstanding at start of year

11,800

(557

)

Amounts advanced

-

95,398

Amounts repaid

(13,159

)

(83,041

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,359

)

11,800

P J Green

Balance outstanding at start of year

8,200

(8,080

)

Amounts advanced

-

89,020

Amounts repaid

(12,109

)

(72,740

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(3,909

)

8,200

11.

Control

The company is controlled by the director who own 100% of the called up share capital.