Company Registration No. 13132339 (England and Wales)
SPECIALIST REFINISHING SERVICES LTD
Unaudited accounts
for the year ended 31 January 2025
SPECIALIST REFINISHING SERVICES LTD
Unaudited accounts
Contents
SPECIALIST REFINISHING SERVICES LTD
Company Information
for the year ended 31 January 2025
Company Number
13132339 (England and Wales)
Registered Office
SPECIALIST REFINISHING SERVICES LTD
UNIT 2 KELLLY'S YARD
MARTOCK
SOMERSET
TA12 6AE
ENGLAND
Accountants
Certax Accounting (Fitzrovia) Limited
85
Tottenham Court Road
London
W1T 4TQ
SPECIALIST REFINISHING SERVICES LTD
Statement of financial position
as at 31 January 2025
Tangible assets
25,952
23,353
Cash at bank and in hand
14,735
26,260
Creditors: amounts falling due within one year
(29,481)
(17,723)
Net current assets
19,468
34,369
Total assets less current liabilities
45,420
57,722
Creditors: amounts falling due after more than one year
(18,374)
(26,116)
Called up share capital
1
1
Profit and loss account
27,045
31,605
Shareholders' funds
27,046
31,606
For the year ending 31 January 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 31 October 2025 and were signed on its behalf by
Nathan Irvine
Director
Company Registration No. 13132339
SPECIALIST REFINISHING SERVICES LTD
Notes to the Accounts
for the year ended 31 January 2025
SPECIALIST REFINISHING SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 13132339. The registered office is SPECIALIST REFINISHING SERVICES LTD, UNIT 2 KELLLY'S YARD, MARTOCK, SOMERSET, TA12 6AE, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
20% Straight Line
Fixtures & fittings
33% Straight Line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
SPECIALIST REFINISHING SERVICES LTD
Notes to the Accounts
for the year ended 31 January 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2024
31,579
2,142
33,721
At 31 January 2025
37,829
2,142
39,971
At 1 February 2024
9,856
512
10,368
Charge for the year
3,113
538
3,651
At 31 January 2025
12,969
1,050
14,019
At 31 January 2025
24,860
1,092
25,952
At 31 January 2024
21,723
1,630
23,353
Amounts falling due within one year
Trade debtors
8,196
16,326
Accrued income and prepayments
10,050
-
Other debtors
14,912
7,506
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
1,342
-
Taxes and social security
2,269
1,469
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).