REGISTERED NUMBER: 12280391 (England and Wales)

Specialist Facade Inspections Ltd

Unaudited Financial Statements

for the Year Ended 31 October 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J J Tedstone

REGISTERED OFFICE:

Newbridge Police Station

Highstreet

Newbridge

NP11 4FW

REGISTERED NUMBER:

12280391 (England and Wales)

ACCOUNTANTS:

Xeinadin South Wales & West Limited

Accountants & Business Advisors

Suite 2d,

Building 1 Eastern Business Park

St Mellons

Cardiff

CF3 5EA

FIXED ASSETS

Tangible assets

4

486,678

437,703

CURRENT ASSETS

Stocks

313,800

413,800

Debtors

5

1,899,899

1,074,010

Cash at bank and in hand

53,529

7,743

2,267,228

1,495,553

CREDITORS

Amounts falling due within one year

6

2,261,056

1,527,884

NET CURRENT ASSETS/(LIABILITIES)

6,172

(32,331

)

TOTAL ASSETS LESS CURRENT LIABILITIES

492,850

405,372

CREDITORS

Amounts falling due after more than one year

7

(220,736

)

(293,764

)

PROVISIONS FOR LIABILITIES

(24,788

)

(20,837

)

NET ASSETS

247,326

90,771

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

247,226

90,671

SHAREHOLDERS' FUNDS

247,326

90,771

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

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

The financial statements were approved by the director and authorised for issue on 30 October 2025 and were signed by:

J J Tedstone - Director

1.	STATUTORY INFORMATION

Specialist Facade Inspections Ltd 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.

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

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.

The company meets its working capital requirements through the ongoing support of its director. If this support is removed, it may not be appropriate for the financial statements to be prepared on a going concern basis and as such the company's assets and liabilities may have to be restated.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 November 2023

17,778

14,444

499,769

1,075

533,066

Additions

-

2,850

211,079

-

213,929

Disposals

-

-

(52,990

)

-

(52,990

)

At 31 October 2024

17,778

17,294

657,858

1,075

694,005

DEPRECIATION

At 1 November 2023

3,902

5,191

86,054

216

95,363

Charge for year

3,556

3,269

106,690

215

113,730

Eliminated on disposal

-

-

(1,766

)

-

(1,766

)

At 31 October 2024

7,458

8,460

190,978

431

207,327

NET BOOK VALUE

At 31 October 2024

10,320

8,834

466,880

644

486,678

At 31 October 2023

13,876

9,253

413,715

859

437,703

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

Motor

vehicles

£

COST

At 1 November 2023

476,070

Additions

177,464

Disposals

(52,990

)

At 31 October 2024

600,544

DEPRECIATION

At 1 November 2023

82,699

Charge for year

98,529

Eliminated on disposal

(1,766

)

At 31 October 2024

179,462

NET BOOK VALUE

At 31 October 2024

421,082

At 31 October 2023

393,371

5.

DEBTORS

31.10.24

31.10.23

£

£

Amounts falling due within one year:

Trade debtors

697,261

413,508

Other debtors

1,185,920

643,784

1,883,181

1,057,292

Amounts falling due after more than one year:

Trade debtors

16,718

16,718

Aggregate amounts

1,899,899

1,074,010

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans and overdrafts (see note 8)

8,519

8,137

Hire purchase contracts

71,130

55,750

Trade creditors

584,817

555,005

Taxation and social security

1,522,277

867,491

Other creditors

74,313

41,501

2,261,056

1,527,884

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans (see note 8)

5,153

13,672

Hire purchase contracts

215,583

280,092

220,736

293,764

8.

LOANS

An analysis of the maturity of loans is given below:

31.10.24

31.10.23

£

£

Amounts falling due within one year or on demand:

Bank loans

8,519

8,137

Amounts falling due between one and two years:

Bank loans - 1-2 years

5,153

8,519

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

5,153

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.24

31.10.23

£

£

Hire purchase contracts

286,713

335,842

Hire purchase is secured over the assets.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24

31.10.23

£

£

J J Tedstone

Balance outstanding at start of year

7,244

(22,403

)

Amounts advanced

114,012

42,794

Amounts repaid

(11,011

)

(13,147

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

110,245

7,244

The balance is repayable on demand.