Company Registration No. 04564196 (England and Wales)
Finishing Touch (Kendal) Ltd
Unaudited accounts
for the year ended 31 March 2025
Finishing Touch (Kendal) Ltd
Unaudited accounts
Contents
Finishing Touch (Kendal) Ltd
Company Information
for the year ended 31 March 2025
Company Number
04564196 (England and Wales)
Registered Office
13 PARK STREET
KENDAL
CUMBRIA
LA9 5QP
Accountants
PE Accountancy Services
15 Fowling Lane
KENDAL
Cumbira
LA9 6HB
Finishing Touch (Kendal) Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
44,298
49,220
Cash at bank and in hand
12,095
10,159
Creditors: amounts falling due within one year
(16,384)
(13,814)
Net current liabilities
(4,164)
(3,530)
Total assets less current liabilities
40,134
45,690
Creditors: amounts falling due after more than one year
(18,059)
(27,160)
Provisions for liabilities
Deferred tax
(8,417)
(9,352)
Called up share capital
100
100
Profit and loss account
13,558
9,078
Shareholders' funds
13,658
9,178
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 July 2025 and were signed on its behalf by
Lee Coates
Director
Company Registration No. 04564196
Finishing Touch (Kendal) Ltd
Notes to the Accounts
for the year ended 31 March 2025
Finishing Touch (Kendal) Ltd is a private company, limited by shares, registered in England and Wales, registration number 04564196. The registered office is 13 PARK STREET, KENDAL, CUMBRIA, LA9 5QP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. . 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
10% Reducing balance basis
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Finishing Touch (Kendal) Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2024
1,598
53,169
54,767
At 31 March 2025
1,598
53,169
54,767
At 1 April 2024
1,598
3,949
5,547
Charge for the year
-
4,922
4,922
At 31 March 2025
1,598
8,871
10,469
At 31 March 2025
-
44,298
44,298
At 31 March 2024
-
49,220
49,220
5
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
12,039
10,514
Taxes and social security
3,199
-
Loans from directors
37
1,585
6
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
18,059
27,160
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).