SPRAYTECH SOLUTIONS LIMITED


Director	DEW, Mark Daren


Registered Address	9 Commercial Yard
	Barnard Castle
	DL12 8FE


Registered Number	09702298 (England and Wales)

Balance Sheet as at
31 July 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		53,181		58,558
			53,181		58,558
Current assets
Stocks		17,053		16,532
Debtors		461,744		226,000
Cash at bank and on hand		3,987		23,913
		482,784		266,445
Creditors amounts falling due within one year		(339,602)		(190,261)
Net current assets (liabilities)			143,182		76,184
Total assets less current liabilities			196,363		134,742
Creditors amounts falling due after one year			-		(22,793)
Net assets			196,363		111,949
Capital and reserves
Called up share capital			100		100
Profit and loss account			196,263		111,849
Shareholders' funds			196,363		111,949

The company was entitled to exemption from audit for this reporting period 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 10 December 2025, and are signed on its behalf by:

DEW, Mark Daren
Director
Registered Company No. 09702298

SPRAYTECH SOLUTIONS LIMITED

Notes to the Financial Statements
for the year ended 31 July 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	20
	Fixtures and fittings	20
	Office Equipment	20

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease. The cost in the fixed assets under finance lease as at 31st July 2025 is £29,505, accumulated depreciation is £14,541, therefore NBV is £14,964. (31st July 2024 is £64,630, accumulated depreciation is £32,215, therefore NBV is £32,415)

Finance leases and hire purchase contracts

Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease. The cost in the fixed assets under finance lease as at 31st July 2025 is £29,505, accumulated depreciation is £14,541, therefore NBV is £14,964. (31st July 2024 is £64,630, accumulated depreciation is £32,215, therefore NBV is £32,415)

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	6		5

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 August 24	122,380
	Additions	8,541
	At 31 July 25	130,921
	Depreciation and impairment
	At 01 August 24	63,822
	Charge for year	13,918
	At 31 July 25	77,741
	Net book value
	At 31 July 25	53,181
	At 31 July 24	58,558

4.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	7,016		17,376

5.	Operating lease commitments
	At 31/7/25 the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £12,507 (2024 – £14,798 29)

6.	Further information regarding the company's financial position
	At the balance sheet date, the company had outstanding balances of £299,866 on its confidential, recourse invoice discounting facility with Bibby Financial Services. The company entered into this agreement in this financial year so there are no comparatives. Under the terms of the facility, the company has sold certain trade receivables to the provider in exchange for an immediate cash advance. The company remains responsible for collecting the debts and for all credit risk in relation to the discounted receivables. The receivables are not derecognized from the balance sheet, as the risks and rewards of ownership are retained by the company. The balance owed to the provider at the reporting date is secured by the relevant trade receivables and is included within Loans and borrowings or Trade and other payables, depending on the netting arrangement with the provider.

Further information regarding the company's financial position

At the balance sheet date, the company had outstanding balances of £299,866 on its confidential, recourse invoice discounting facility with Bibby Financial Services. The company entered into this agreement in this financial year so there are no comparatives.
Under the terms of the facility, the company has sold certain trade receivables to the provider in exchange for an immediate cash advance. 
The company remains responsible for collecting the debts and for all credit risk in relation to the discounted receivables. The receivables are not derecognized from the balance sheet, as the risks and rewards of ownership are retained by the company. 
The balance owed to the provider at the reporting date is secured by the relevant trade receivables and is included within Loans and borrowings or Trade and other payables, depending on the netting arrangement with the provider.