D Cousins Decorators Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 12009631 (England and Wales)

D COUSINS DECORATORS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

D C Cousins Esq

REGISTERED OFFICE:

Sanremo

13 Trinity Square

Llandudno

CONWY

LL30 2RB

REGISTERED NUMBER:

12009631 (England and Wales)

ACCOUNTANTS:

Williams Denton Cyf

Chartered Certified Accountants

Glaslyn

Ffordd y Parc

Parc Menai

Bangor

Gwynedd

LL57 4FE

FIXED ASSETS

Intangible assets

4

24,000

30,000

Tangible assets

5

60,992

47,053

84,992

77,053

CURRENT ASSETS

Stocks

6

1,000

Debtors

7

57,436

33,733

Cash at bank

33,660

22,445

92,096

57,178

CREDITORS

Amounts falling due within one year

8

37,236

34,824

NET CURRENT ASSETS

54,860

22,354

TOTAL ASSETS LESS CURRENT
LIABILITIES

139,852

99,407

CREDITORS

Amounts falling due after more than one
year

9

(23,310

)

(29,283

)

PROVISIONS FOR LIABILITIES

10

(15,248

)

(8,940

)

NET ASSETS

101,294

61,184

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

101,293

61,183

SHAREHOLDERS' FUNDS

101,294

61,184

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 5 December 2025 and were signed by:

D C Cousins Esq - Director

1.	STATUTORY INFORMATION

D Cousins Decorators 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.

Revenue recognition

Turnover represents net invoiced sales of services excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

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.

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

Attributable profit is recognised on contracts, where the outcome of a contract can be assessed with reasonable certainty before its completion.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

Pension contributions paid on behalf of employees are charged against profits in the accounting period in which they are paid.

Trade and other debtors

Trade and other debtors are initially recognised at their transaction price, less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of 3 months or less.

Trade and other creditors

Trade and other creditors are initially recognised at their transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2024

and 30 June 2025

60,000

AMORTISATION

At 1 July 2024

30,000

Charge for year

6,000

At 30 June 2025

36,000

NET BOOK VALUE

At 30 June 2025

24,000

At 30 June 2024

30,000

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1 July 2024

11,566

95,405

391

107,362

Additions

-

35,209

-

35,209

Disposals

-

(10,500

)

-

(10,500

)

At 30 June 2025

11,566

120,114

391

132,071

DEPRECIATION

At 1 July 2024

7,793

52,204

312

60,309

Charge for year

943

16,978

26

17,947

Eliminated on disposal

-

(7,177

)

-

(7,177

)

At 30 June 2025

8,736

62,005

338

71,079

NET BOOK VALUE

At 30 June 2025

2,830

58,109

53

60,992

At 30 June 2024

3,773

43,201

79

47,053

6.

STOCKS

2025

2024

£

Stocks

1,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

41,435

24,448

Other debtors

1,860

8,063

Directors' current accounts

13,259

-

Prepayments

882

1,222

57,436

33,733

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

5,300

Trade creditors

2,581

4,921

Tax

14,186

6,671

Social security and other taxes

9,585

13,326

Accrued expenses

5,584

4,606

37,236

34,824

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loan

23,310

28,747

Director's loan account

-

536

23,310

29,283

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

15,248

8,940

Deferred

tax

£

Balance at 1 July 2024

8,940

Accelerated capital allowances

6,308

Balance at 30 June 2025

15,248

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in debtors is a directors loan account balance of £13,259.

This amount has been repaid post year end.