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Company Registration No. 13923287 (England and Wales)
Sean Phelan Mirror Gilding Ltd Unaudited accounts for the year ended 28 February 2025
Sean Phelan Mirror Gilding Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Sean Phelan Mirror Gilding Ltd Company Information for the year ended 28 February 2025
Director
Sean Christopher Phelan
Company Number
13923287 (England and Wales)
Registered Office
F61 Cherwell Business Village Southam Road Banbury OX16 2SP United Kingdom
Accountants
gHawk Accounting Ltd F61 Cherwell Business Village Southam Road Banbury Oxfordshire OX16 2SP
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Sean Phelan Mirror Gilding Ltd Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
19,337
24,322
Current assets
Inventories
60,694
61,231
Debtors
5
734
7,283
Cash at bank and in hand
55,412
18,802
116,840
87,316
Creditors: amounts falling due within one year
6
(43,561)
(32,728)
Net current assets
73,279
54,588
Total assets less current liabilities
92,616
78,910
Creditors: amounts falling due after more than one year
7
(26,746)
(34,094)
Net assets
65,870
44,816
Capital and reserves
Called up share capital
100
100
Profit and loss account
65,770
44,716
Shareholders' funds
65,870
44,816
For the year ending 28 February 2025 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 August 2025 and were signed on its behalf by
Sean Christopher Phelan Director Company Registration No. 13923287
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Sean Phelan Mirror Gilding Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Sean Phelan Mirror Gilding Ltd is a private company, limited by shares, registered in England and Wales, registration number 13923287. The registered office is F61 Cherwell Business Village, Southam Road, Banbury, OX16 2SP, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% reducing balance method
Fixtures & fittings
15% Straight Line
Computer equipment
33.33% Straight Line
Leased assets
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
34,000
1,818
808
36,626
At 28 February 2025
34,000
1,818
808
36,626
Depreciation
At 1 March 2024
11,786
182
336
12,304
Charge for the year
4,443
273
269
4,985
At 28 February 2025
16,229
455
605
17,289
Net book value
At 28 February 2025
17,771
1,363
203
19,337
At 29 February 2024
22,214
1,636
472
24,322
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Sean Phelan Mirror Gilding Ltd Notes to the Accounts for the year ended 28 February 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
734
7,283
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
2,292
4,303
Trade creditors
429
459
Taxes and social security
37,168
24,790
Other creditors
2,911
2,672
Loans from directors
761
504
43,561
32,728
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
6,550
11,678
Obligations under finance leases and hire purchase contracts
20,196
22,416
26,746
34,094
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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