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COMPANY REGISTRATION NUMBER: 00549740

Medway Insulations Limited

Filleted Unaudited Financial Statements

For the year ended

31 May 2025

Medway Insulations Limited

Financial Statements

Year ended 31 May 2025

Contents | Page

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements | 1

Statement of financial position | 2

Accounting policies | 4

Notes to the financial statements | 7

Medway Insulations Limited

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Medway Insulations Limited

Year ended 31 May 2025
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 May 2025, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
PORTER GARLAND Chartered accountants
Communication House Victoria Avenue Camberley Surrey GU15 3HX
29 January 2026

Medway Insulations Limited

Statement of Financial Position

31 May 2025

| 2025 | 2024
Note | £ | £ | £ | £

Fixed assets

Tangible assets | 4 |  | 234,456 |  | 290,428

Current assets

Stocks | 235 |  | 281 |
Debtors | 5 | 270,981 |  | 337,110 |
Cash at bank and in hand | 131,923 |  | 81,387 |
| --------- |  | --------- |
| 403,139 |  | 418,778 |

Creditors: amounts falling due within one year | 6 | 91,977 |  | 91,684 |
| --------- |  | --------- |
Net current assets |  | 311,162 |  | 327,094
|  | --------- |  | ---------
Total assets less current liabilities |  | 545,618 |  | 617,522

Creditors: amounts falling due after more than one year | 7 |  | 16,242 |  | 28,422

Provisions |  | 44,337 |  | 54,957
|  | --------- |  | ---------
Net assets |  | 485,039 |  | 534,143
|  | --------- |  | ---------

Capital and reserves

Called up share capital |  | 10,030 |  | 10,030
Profit and loss account |  | 475,009 |  | 524,113
|  | --------- |  | ---------
Shareholders funds |  | 485,039 |  | 534,143
|  | --------- |  | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Medway Insulations Limited

Statement of Financial Position (continued)

31 May 2025
These financial statements were approved by the board of directors and authorised for issue on 29 January 2026 , and are signed on behalf of the board by:

Mrs L A Graves
Director

Company registration number: 00549740

Medway Insulations Limited

Accounting Policies

Year ended 31 May 2025
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 15% per annum on a straight line basis
| Motor vehicles | - | 25% per annum on a straight line basis
| Equipment | - | 20% per annum on a straight line basis

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date .
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

Medway Insulations Limited

Notes to the Financial Statements

Year ended 31 May 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 Viewpoint, Boxley Road, Penenden Heath, Maidstone, ME14 2DZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Employee numbers
The average number of persons employed by the company during the year amounted to 15 (2024: 15 ).
4. Tangible assets

| Plant and machinery | Motor vehicles | Equipment | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1 June 2024 | 653,404 | 43,035 | 101,377 | 797,816
Additions | – | – | 1,107 | 1,107
| --------- | -------- | --------- | ---------
At 31 May 2025 | 653,404 | 43,035 | 102,484 | 798,923
| --------- | -------- | --------- | ---------
Depreciation |  |  |  |
At 1 June 2024 | 367,689 | 43,035 | 96,664 | 507,388
Charge for the year | 54,822 | – | 2,257 | 57,079
| --------- | -------- | --------- | ---------
At 31 May 2025 | 422,511 | 43,035 | 98,921 | 564,467
| --------- | -------- | --------- | ---------
Carrying amount |  |  |  |
At 31 May 2025 | 230,893 | – | 3,563 | 234,456
| --------- | -------- | --------- | ---------
At 31 May 2024 | 285,715 | – | 4,713 | 290,428
| --------- | -------- | --------- | ---------

5. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 73,272 | 155,753
Other debtors | 197,709 | 181,357
| --------- | ---------
| 270,981 | 337,110
| --------- | ---------

6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 5,059 | 9,094
Trade creditors | 39,905 | 49,996
Social security and other taxes | 22,656 | 17,453
Other creditors | 24,357 | 15,141
| -------- | --------
| 91,977 | 91,684
| -------- | --------

7. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Other creditors | 16,242 | 28,422
| -------- | --------

8. Directors' advances, credits and guarantees
The company was owed by its directors the aggregate sum of £178,476 (2024 - £150,619 ) on their current accounts at the year end. The balance is expected to be cleared within 9 months of the year end. There are no fixed terms of repayment on debit balances and interest is payable on loans from the company at 4% per annum.