REGISTERED NUMBER: 01308754 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

J SAPSWORTH GLAZING AND DECORATING LTD

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

B Sapsworth

REGISTERED OFFICE:

94 Marsh Road

Luton

Bedfordshire

LU3 2NL

REGISTERED NUMBER:

01308754 (England and Wales)

ACCOUNTANTS:

F E Hawkes & Co

206 Endeavour House

Wrest Park

Silsoe

Bedfordshire

MK45 4HS

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2025 set out on pages four to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

F E Hawkes & Co

206 Endeavour House

Wrest Park

Silsoe

Bedfordshire

MK45 4HS

29 September 2025

FIXED ASSETS

756,728

Tangible assets

5

737,960

CURRENT ASSETS

14,719

Stocks

6

23,002

70,099

Debtors

7

72,576

125,616

Cash at bank and in hand

137,896

210,434

233,474

CREDITORS

153,453

Amounts falling due within one year

8

176,939

56,981

NET CURRENT ASSETS

56,535

813,709

TOTAL ASSETS LESS CURRENT LIABILITIES

794,495

CREDITORS

(91,302

)

Amounts falling due after more than one year

9

(74,964

)

(96,949

)

PROVISIONS FOR LIABILITIES

(93,973

)

625,458

NET ASSETS

625,558

CAPITAL AND RESERVES

67

Called up share capital

67

449,700

Revaluation reserve

12

449,700

175,691

Retained earnings

12

175,791

625,458

SHAREHOLDERS' FUNDS

625,558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

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

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

B Sapsworth - Director

1.	STATUTORY INFORMATION

J Sapsworth Glazing & Decorating Ltd is a private company, limited by shares and registered in England and Wales.

The company's registered number and registered office address are as follows:

Registered number 01308754

Registered address 94 Marsh Road

Luton

Bedfordshire

LU3 2NL

The principal activity of the company in the year under review was that of the provisions of painting, decorating and glazing.

The presentation currency of the financial statements is sterling (£).

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.

Significant judgements and estimates

No significant judgements or estimates have had to be made by the directors in preparing these financial statements.

The directors have made key assumptions in the determination of the fair value of a freehold property in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the assets.

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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant & machinery

-

15% on reducing balance

Fixtures & fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% on reducing balance

Stocks & work in progress

Stock and work in progress are valued at the lower of net invoiced cost and net realisable value on a first in first out basis, after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 8 ) .

5.	TANGIBLE FIXED ASSETS

Freehold

Plant &

Totals

property

machinery

£

£

£

COST

At 1 June 2024

and 31 May 2025

882,502

680,000

19,647

DEPRECIATION

At 1 June 2024

125,774

-

17,506

Charge for year

18,768

-

320

At 31 May 2025

144,542

-

17,826

NET BOOK VALUE

At 31 May 2025

737,960

680,000

1,821

At 31 May 2024

756,728

680,000

2,141

Fixtures

Motor

Computer

& fittings

vehicles

equipment

£

£

£

COST

At 1 June 2024

and 31 May 2025

40,829

138,989

3,037

DEPRECIATION

At 1 June 2024

39,971

66,387

1,910

Charge for year

129

18,319

-

At 31 May 2025

40,100

84,706

1,910

NET BOOK VALUE

At 31 May 2025

729

54,283

1,127

At 31 May 2024

858

72,602

1,127

In freehold property above are buildings at 94 Marsh Road, Luton, Bedfordshire which were professionally revalued on 4 September 1990 at £145,000 resulting in a surplus of £74,552.

The company acquired on 21 December 2001 92 Marsh Road, Luton, Bedfordshire at cost of £72,551.

The directors consider that the overall fair value of the freehold value of all freehold property to be in the region of £680,000 In the event of the sale of these properties at the above value, the company would incur a corporation tax liability of approximately £87300.17 arising from the capital gain.

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

Motor

vehicles

£

COST

At 1 June 2024

and 31 May 2025

52,664

DEPRECIATION

At 1 June 2024

13,166

Charge for year

10,126

At 31 May 2025

23,292

NET BOOK VALUE

At 31 May 2025

29,372

At 31 May 2024

39,498

6.

STOCKS

2025

2024

£

£

Stock & work in progress

23,002

14,719

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

68,147

65,018

Prepayments

4,429

5,081

72,576

70,099

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

13,426

12,697

Hire purchase contracts (see note 10)

3,529

8,472

Trade creditors

65,624

39,368

Tax

11,128

7,629

Social security and other taxes

7,281

7,091

VAT

6,808

4,666

Directors' loan accounts

56,107

58,639

Accruals & deferred income

13,036

14,891

176,939

153,453

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

9,027

13,507

Bank loans - 2-5 years

16,328

25,144

Bank loans more 5 years

49,609

49,122

Hire purchase contracts (see note 10)

-

3,529

74,964

91,302

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 years

49,609

49,122

10.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Gross obligations repayable:

Within one year

3,987

9,570

Between one and five years

-

3,987

3,987

13,557

Finance charges repayable:

Within one year

458

1,098

Between one and five years

-

458

458

1,556

Net obligations repayable:

Within one year

3,529

8,472

Between one and five years

-

3,529

3,529

12,001

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

88,390

100,470

Hire purchase contracts

3,529

12,001

91,919

112,471

.

12.

RESERVES

Retained

Revaluation

Totals

earnings

reserve

£

£

£

At 1 June 2024

625,391

175,691

449,700

Profit for the year

35,141

35,141

Dividends

(35,041

)

(35,041

)

At 31 May 2025

625,491

175,791

449,700

13.	RELATED PARTY DISCLOSURES

During the year, total dividends of £35,041 were paid to the director .