REGISTERED NUMBER: 01574671

Unaudited Financial Statements

for the Year Ended

30 June 2025

for

Finishing Techniques Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

J Dean

REGISTERED OFFICE:

Unit 1 Dean Court

Harvard Road

Bury

Lancashire

BL9 0GF

REGISTERED NUMBER:

01574671

ACCOUNTANTS:

Mosley & Co

14 Market Place

Ramsbottom

Bury

Lancashire

BL0 9HT

FIXED ASSETS

Tangible assets

4

622,911

631,513

CURRENT ASSETS

Stocks

111,841

107,064

Debtors

5

919,808

673,441

Cash at bank and in hand

422,129

565,997

1,453,778

1,346,502

CREDITORS

Amounts falling due within one year

6

648,785

443,297

NET CURRENT ASSETS

804,993

903,205

TOTAL ASSETS LESS CURRENT LIABILITIES

1,427,904

1,534,718

CREDITORS

Amounts falling due after more than one year

7

(132,950

)

(224,455

)

PROVISIONS FOR LIABILITIES

8

(153,412

)

(155,414

)

NET ASSETS

1,141,542

1,154,849

CAPITAL AND RESERVES

Called up share capital

152

152

Capital redemption reserve

48

48

Retained earnings

1,141,342

1,154,649

SHAREHOLDERS' FUNDS

1,141,542

1,154,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 8 October 2025 and were signed by:

J Dean - Director

1.	STATUTORY INFORMATION

Finishing Techniques 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.

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 etc

-

25% on reducing balance and 15% on reducing balance

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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 11 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2024

14,268

1,573,292

1,587,560

Additions

-

110,761

110,761

At 30 June 2025

14,268

1,684,053

1,698,321

DEPRECIATION

At 1 July 2024

14,267

941,780

956,047

Charge for year

-

119,363

119,363

At 30 June 2025

14,267

1,061,143

1,075,410

NET BOOK VALUE

At 30 June 2025

1

622,910

622,911

At 30 June 2024

1

631,512

631,513

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

219,983

319,365

Amounts owed by group undertakings

640,579

285,252

Other debtors

59,246

68,824

919,808

673,441

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Hire purchase contracts

133,022

98,704

Trade creditors

132,509

91,862

Amounts owed to participating interests

256,086

-

Taxation and social security

83,155

212,957

Other creditors

44,013

39,774

648,785

443,297

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Hire purchase contracts

132,950

224,455

8.	PROVISIONS FOR LIABILITIES

30.6.25

30.6.24

£

£

Deferred tax

153,412

155,414

Deferred

tax

£

Balance at 1 July 2024

155,414

Provided during year

(2,002

)

Balance at 30 June 2025

153,412

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2025 and 30 June 2024:

30.6.25

30.6.24

£

£

J Dean

Balance outstanding at start of year

(624

)

(235

)

Amounts advanced

108,544

180,611

Amounts repaid

(107,920

)

(181,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(624

)