REGISTERED NUMBER: 08008024 (England and Wales)

S and V Industrial Painting Ltd

Unaudited Financial Statements

for the Year Ended 31st March 2025

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

7

Directors:

L Shaw

D Voase

Secretary:

D Voase

Registered office:

10 Prior View

Tweedmouth

Berwick-Upon-Tweed

Northumberland

TD15 2BU

Registered number:

08008024 (England and Wales)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

42,892

30,264

Current assets

Debtors

5

92,487

34,280

Cash at bank

33,769

57,663

126,256

91,943

Creditors

Amounts falling due within one year

6

26,777

26,306

Net current assets

99,479

65,637

Total assets less current liabilities

142,371

95,901

Creditors

Amounts falling due after more than one year

7

(9,800

)

(9,557

)

Provisions for liabilities

(9,356

)

(6,727

)

Net assets

123,215

79,617

Capital and reserves

Called up share capital

100

100

Retained earnings

123,115

79,517

Shareholders' funds

123,215

79,617

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th November 2025 and were signed on its behalf by:

D Voase - Director

1.	Statutory information

S and V Industrial Painting 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.

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.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, hire purchase contracts and directors' loans.

Hire purchase contracts are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income and retained earnings, 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

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership of the leased asset to the company. All other leases are classified as operating leases.

Tangible assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible assets. The related obligations, net of future finance charges, are included within creditors.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the statement of income and retained earnings in the period in which they are incurred.

Going concern

The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and have an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3.	Employees and directors

The average number of employees during the year was 2 (2024 - 2 ) .

4.	Tangible fixed assets

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1st April 2024

14,722

35,695

297

50,714

Additions

1,539

24,950

-

26,489

At 31st March 2025

16,261

60,645

297

77,203

Depreciation

At 1st April 2024

10,038

10,189

223

20,450

Charge for year

1,172

12,615

74

13,861

At 31st March 2025

11,210

22,804

297

34,311

Net book value

At 31st March 2025

5,051

37,841

-

42,892

At 31st March 2024

4,684

25,506

74

30,264

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

18,708

12,799

Other debtors

73,779

21,481

92,487

34,280

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Hire purchase contracts

9,283

4,986

Trade creditors

701

651

Taxation and social security

16,793

20,669

26,777

26,306

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Hire purchase contracts

9,800

9,557

8.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

19,083

14,543

The HP liabilities are secured against the assets to which they relate.

9.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

£

Director 1

Balance outstanding at start of year

12,292

34,366

Amounts advanced

56,816

41,184

Amounts repaid

(30,350

)

(63,258

)

Balance outstanding at end of year

38,759

12,292

2025

2024

£

£

Director 2

Balance outstanding at start of year

8,464

28,421

Amounts advanced

56,415

40,900

Amounts repaid

(30,350

)

(60,857

)

Balance outstanding at end of year

34,530

8,464

This loan is unsecured and repayable on demand. Interest is charged by the company at the official rate published by HMRC.

10.	Post balance sheet events

Since the year end, on 5 November 2025, a final dividend for the year ending 31 March 2025 of £780.00 per share has been declared.