Registration number: 07634475

M Downes Plasterers Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

M Downes Plasterers Limited

(Registration number: 07634475)
Balance Sheet as at 24 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,660	2,246
Current assets
Stocks	5	250	144
Debtors	6	2,929	7,993
Cash at bank and in hand		1,304	-
		4,483	8,137
Creditors: Amounts falling due within one year	7	(5,447)	(9,954)
Net current liabilities		(964)	(1,817)
Total assets less current liabilities		696	429
Provisions for liabilities		(315)	(427)
Net assets		381	2
Capital and reserves
Called up share capital		1	1
Retained earnings		380	1
Shareholders' funds		381	2

M Downes Plasterers Limited

(Registration number: 07634475)
Balance Sheet as at 24 May 2025

For the financial year ending 24 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 December 2025
 

......................................... Mr Michael Downes Director

M Downes Plasterers Limited

Notes to the Unaudited Financial Statements for the Year Ended 24 May 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
10 Tittensor Road
Newcastle
Staffordshire
ST5 3BU
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section
1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and
their carrying amounts in the financial statements. Deferred income tax is determined using tax rates and laws
that have been enacted or substantively enacted by the reporting date.

M Downes Plasterers Limited

Notes to the Unaudited Financial Statements for the Year Ended 24 May 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor Vehicles	25% Reducing Balance Method
Office Equipment	33% Straight Line Method
Plant and Machinery	20% Straight Line Method

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 3).

M Downes Plasterers Limited

Notes to the Unaudited Financial Statements for the Year Ended 24 May 2025

4	Tangible assets

	Office Equipment £	Motor vehicles  £	Plant and Machinery £	Total £
Cost or valuation
At 25 May 2024	210	11,600	2,500	14,310
At 24 May 2025	210	11,600	2,500	14,310
Depreciation
At 25 May 2024	29	9,535	2,500	12,064
Charge for the year	70	516	-	586
At 24 May 2025	99	10,051	2,500	12,650
Carrying amount
At 24 May 2025	111	1,549	-	1,660
At 24 May 2024	181	2,065	-	2,246

5

Stocks

	2025 £	2024 £
Other inventories	250	144

6

Debtors

	2025 £	2024 £
Prepayments	404	355
Other debtors	2,525	7,638
	2,929	7,993

M Downes Plasterers Limited

Notes to the Unaudited Financial Statements for the Year Ended 24 May 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	-	2,357
Taxation and social security	2,546	5,442
Accruals and deferred income	1,795	2,155
Other creditors	1,106	-
	5,447	9,954

8	Related party transactions

Transactions with the director

2025	At 25 May 2024 £	Advances to director £	Repayments by director £	At 24 May 2025 £
Mr Michael Downes
	7,329	26,942	(32,189)	2,082

This loan was interest free and repayable on demand. The loan was fully repaid on 14 November 2025.