REGISTERED NUMBER: 06435595 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Fineline Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D Wring

SECRETARY:

Mrs K Wring

REGISTERED OFFICE:

The Old Quarry

Clevedon Road

Failand

Bristol

Somerset

BS8 3TU

REGISTERED NUMBER:

06435595 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Intangible assets

4

917

1,147

Tangible assets

5

1,054,672

890,853

1,055,589

892,000

CURRENT ASSETS

Stocks

15,500

19,250

Debtors

6

306,908

231,684

Cash at bank

221,546

211,168

543,954

462,102

CREDITORS

Amounts falling due within one year

7

395,848

378,594

NET CURRENT ASSETS

148,106

83,508

TOTAL ASSETS LESS CURRENT LIABILITIES

1,203,695

975,508

CREDITORS

Amounts falling due after more than one year

8

(184,223

)

(89,247

)

PROVISIONS FOR LIABILITIES

(200,388

)

(169,262

)

NET ASSETS

819,084

716,999

CAPITAL AND RESERVES

Called up share capital

11

1

1

Retained earnings

12

819,083

716,998

SHAREHOLDERS' FUNDS

819,084

716,999

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 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 3rd December 2025 and were signed by:

Mr D Wring - Director

1.	STATUTORY INFORMATION

Fineline 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st April 2024

and 31st March 2025

3,000

AMORTISATION

At 1st April 2024

1,853

Charge for year

230

At 31st March 2025

2,083

NET BOOK VALUE

At 31st March 2025

917

At 31st March 2024

1,147

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st April 2024

1,559,015

5,257

118,787

76,463

1,759,522

Additions

395,537

-

-

3,083

398,620

At 31st March 2025

1,954,552

5,257

118,787

79,546

2,158,142

DEPRECIATION

At 1st April 2024

756,094

3,490

53,898

55,187

868,669

Charge for year

213,800

353

16,222

4,426

234,801

At 31st March 2025

969,894

3,843

70,120

59,613

1,103,470

NET BOOK VALUE

At 31st March 2025

984,658

1,414

48,667

19,933

1,054,672

At 31st March 2024

802,921

1,767

64,889

21,276

890,853

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1st April 2024

478,820

Additions

354,612

At 31st March 2025

833,432

DEPRECIATION

At 1st April 2024

95,674

Charge for year

129,803

At 31st March 2025

225,477

NET BOOK VALUE

At 31st March 2025

607,955

At 31st March 2024

383,146

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

13,292

51,730

Other debtors

1,000

-

Intercompany loan

292,616

174,928

Prepayments

-

5,026

306,908

231,684

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 9)

10,000

10,000

Hire purchase contracts (see note 10)

75,024

35,024

Trade creditors

289,902

279,181

Social security and other taxes

1,613

1,861

VAT

14,583

5,046

Other creditors

289

289

Related Party Loans

-

42,883

Directors' current accounts

77

160

Accrued expenses

4,360

4,150

395,848

378,594

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 9)

2,500

12,500

Hire purchase contracts (see note 10)

181,723

76,747

184,223

89,247

9.

LOANS

A legal charge and loan exists over the freehold properties and assets of the group.

10.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

75,024

35,024

Between one and five years

181,723

76,747

256,747

111,771

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1

Ordinary

£1

1

1

12.

RESERVES

Retained

earnings

£

At 1st April 2024

716,998

Profit for the year

164,085

Dividends

(62,000

)

At 31st March 2025

819,083

13.	RELATED PARTY DISCLOSURES

At the balance sheet date, entities in which the directors have an interest in are owed £230,823 to the other company (2024 - £174,928 owed to the company) and is held in Intercompany loans in debtors.

At the balance sheet date, companies under common control owed £61,793 (2024 - £42,883 due to the other company ) by the company and is held in Intercompany loans in debtors.