SOS Superior Decorators Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11674302

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		152,962		140,892

			152,962		140,892
CURRENT ASSETS
Stocks	5	12,108		11,381
Debtors	6	134,716		115,965
Cash at bank and in hand		56,913		40,730

		203,737		168,076
Creditors: Amounts Falling Due Within One Year	7	(79,751 )		(75,686 )

NET CURRENT ASSETS (LIABILITIES)			123,986		92,390

TOTAL ASSETS LESS CURRENT LIABILITIES			276,948		233,282

Creditors: Amounts Falling Due After More Than One Year	8		(126,595 )		(130,981 )

NET ASSETS			150,353		102,301

CAPITAL AND RESERVES
Called up share capital	10		220		220
Profit and Loss Account			150,133		102,081

SHAREHOLDERS' FUNDS			150,353		102,301

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SOS Superior Decorators Ltd

Balance Sheet (continued)

As At 30 November 2024

For the year ending 30 November 2024 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Robert Stephens Director	Mr Joseph Smith Director
20th November 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

SOS Superior Decorators Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11674302 . The registered office is Unit 87 Christian Mill Business Park, Plymouth, PL5 2DS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	9% Reducing balance
Motor Vehicles	9% Reducing balance
Fixtures & Fittings	9% Reducing balance
Computer Equipment	9% Reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2023: 12)

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SOS Superior Decorators Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2024

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 December 2023	26,449	131,952	6,180	8,260	172,841
Additions	26,999	-	-	200	27,199

As at 30 November 2024	53,448	131,952	6,180	8,460	200,040

Depreciation
As at 1 December 2023	6,659	22,809	1,062	1,419	31,949
Provided during the period	4,211	9,823	461	634	15,129

As at 30 November 2024	10,870	32,632	1,523	2,053	47,078

Net Book Value
As at 30 November 2024	42,578	99,320	4,657	6,407	152,962

As at 1 December 2023	19,790	109,143	5,118	6,841	140,892

5. Stocks

	2024	2023
	£	£
Work in progress	12,108	11,381

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	33,166	47,836
Other debtors	101,550	43,820
VAT	-	24,309

	134,716	115,965

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	35,969	35,969
Trade creditors	10,350	1,862
Bank loans and overdrafts	8,752	6,480
Other taxes and social security	6,093	13,700
VAT	6,031	-
Net wages	-	8,010
Other creditors	8,526	6,133
Accruals and deferred income	2,930	2,270
Directors' loan accounts	1,100	1,262

	79,751	75,686

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SOS Superior Decorators Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2024

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	70,052	101,729
Bank loans	56,543	29,252

	126,595	130,981

9. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	35,969	35,969
Later than one year and not later than five years	70,052	101,729

	106,021	137,698

	106,021	137,698

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	220	220

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