Lonsdale Painting & Decorating Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04944037 (England and Wales)

LONSDALE PAINTING & DECORATING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

D McGonigle

REGISTERED OFFICE:

3 Obelisk Way

Silsoe

Bedford

Bedfordshire

MK45 4GH

REGISTERED NUMBER:

04944037 (England and Wales)

ACCOUNTANTS:

Miller & Co

Chartered Accountants

5 Imperial Court

Laporte Way

Luton

Bedfordshire

LU4 8FE

FIXED ASSETS

Tangible assets

5

73,298

30,290

Investment property

6

398,000

390,000

471,298

420,290

CURRENT ASSETS

Debtors

7

293,986

280,383

Cash at bank

242,755

272,629

536,741

553,012

CREDITORS

Amounts falling due within one year

8

150,212

204,162

NET CURRENT ASSETS

386,529

348,850

TOTAL ASSETS LESS CURRENT
LIABILITIES

857,827

769,140

PROVISIONS FOR LIABILITIES

33,257

20,505

NET ASSETS

824,570

748,635

CAPITAL AND RESERVES

Called up, paid and allotted share capital

10

Other reserves

9

44,795

38,795

Retained earnings

9

779,765

709,830

SHAREHOLDERS' FUNDS

824,570

748,635

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 8 December 2025 and were signed by:

D McGonigle - Director

1.	STATUTORY INFORMATION

Lonsdale Painting & Decorating Limited 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, rounded to the nearest pound.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Income recognition

Income is recognised when services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2024

7,599

3,696

109,398

8,275

128,968

Additions

-

68,975

1,529

70,504

Disposals

-

(25,490

)

-

(25,490

)

At 31 March 2025

7,599

3,696

152,883

9,804

173,982

DEPRECIATION

At 1 April 2024

6,129

2,812

82,646

7,091

98,678

Charge for year

367

222

23,308

1,101

24,998

Eliminated on disposal

-

(22,992

)

-

(22,992

)

At 31 March 2025

6,496

3,034

82,962

8,192

100,684

NET BOOK VALUE

At 31 March 2025

1,103

662

69,921

1,612

73,298

At 31 March 2024

1,470

884

26,752

1,184

30,290

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

390,000

Additions

8,000

At 31 March 2025

398,000

NET BOOK VALUE

At 31 March 2025

398,000

At 31 March 2024

390,000

Investment properties were valued on an open market basis on 31 March 2025 by the director.

If investment properties had not been revalued they would have been included at historical cost totalling £338,273.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

178,693

160,914

Other debtors

115,293

119,469

293,986

280,383

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

5,144

32,155

Taxation and social security

97,597

154,590

Other creditors

47,471

17,417

150,212

204,162

9.

RESERVES

Retained

Other

earnings

reserves

Totals

£

At 1 April 2024

709,830

38,795

748,625

Profit for the year

225,935

Dividends

(150,000

)

(150,000

)

Revaluation in year

(6,000

)

6,000

-

At 31 March 2025

779,765

44,795

824,560

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

D McGonigle

Balance outstanding at start of year

111,902

110,305

Amounts advanced

-

221,644

Amounts repaid

(6,198

)

(220,047

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

105,704

111,902

11.	RELATED PARTY DISCLOSURES

The director operates a loan account with the company, which is interest free and repayable on demand. Transactions during the year can be found in the table above.