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Company No: 08755567 (England and Wales)

# R & D DECORATING SOUTH WEST LIMITED

### Unaudited Financial Statements
For the financial year ended 31 October 2025
Pages for filing with the registrar

R & D DECORATING SOUTH WEST LIMITED

## Unaudited Financial Statements

For the financial year ended 31 October 2025

Contents

R & D DECORATING SOUTH WEST LIMITED

## BALANCE SHEET

As at 31 October 2025
R & D DECORATING SOUTH WEST LIMITED

## BALANCE SHEET (continued)

As at 31 October 2025

| Note | 2025 |  | 2024
|  | £ |  | £
|  |  |  | Restated - note 2
Fixed assets |  |  |  |
Tangible assets | 4 | 530,485 |  | 488,405
|  | 530,485 |  | 488,405
Current assets |  |  |  |
Debtors | 5 | 632,275 |  | 572,508
Cash at bank and in hand |  | 74 |  | 17,610
|  | 632,349 |  | 590,118
Creditors: amounts falling due within one year | 6 | ( 354,532) |  | ( 250,398)
Net current assets |  | 277,817 |  | 339,720
Total assets less current liabilities |  | 808,302 |  | 828,125
Creditors: amounts falling due after more than one year | 7 | ( 243,855) |  | ( 226,754)
Provision for liabilities |  | ( 60,897) |  | ( 50,424)
Net assets |  | 503,550 |  | 550,947
Capital and reserves |  |  |  |
Called-up share capital |  | 77 |  | 77
Capital redemption reserve |  | 28 |  | 28
Profit and loss account |  | 503,445 |  | 550,842
Total shareholders' funds |  | 503,550 |  | 550,947

For the financial year ending 31 October 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 financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of R & D Decorating South West Limited (registered number: 08755567) were approved and authorised for issue by the Board of Directors on 02 April 2026. They were signed on its behalf by:

Mr D J Bruton Director |  | Mr S Bruton Director
Mr M S Garland Director |  | Mr D G Manns Director

R & D DECORATING SOUTH WEST LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2025
R & D DECORATING SOUTH WEST LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

R & D Decorating South West Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 6, The Old Slaughter House, Green Lane, Weymouth, DT3 4GG, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax
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 financial statements. 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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | 50 years straight line
Leasehold improvements | 5 years straight line
Plant and machinery | 5 years straight line
Vehicles | 5 years straight line
Fixtures and fittings | 5 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

#### 2. Prior year adjustment

The prior year balance sheet has been adjusted to reflect an amendment to the capital redemption reserve following the purchase of the company's own shares in that year and a previous year. The adjustment has resulted in a £33 increase in the capital redemption reserve and a £33 decrease in distributable reserves.

#### 3. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 30 |  | 29

#### 4. Tangible assets

| Land and buildings |  | Leasehold improve- ments |  | Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Total
| £ |  | £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |  |  |
At 01 November 2024 | 281,475 |  | 13,910 |  | 25,772 |  | 360,259 |  | 8,406 |  | 689,822
Additions | 0 |  | 0 |  | 16,053 |  | 116,683 |  | 751 |  | 133,487
Disposals | 0 |  | 0 |  | 0 |  | ( 46,375) |  | 0 |  | ( 46,375)
At 31 October 2025 | 281,475 |  | 13,910 |  | 41,825 |  | 430,567 |  | 9,157 |  | 776,934
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |
At 01 November 2024 | 16,873 |  | 13,910 |  | 13,172 |  | 152,746 |  | 4,716 |  | 201,417
Charge for the financial year | 5,629 |  | 0 |  | 4,683 |  | 67,614 |  | 1,600 |  | 79,526
Disposals | 0 |  | 0 |  | 0 |  | ( 34,494) |  | 0 |  | ( 34,494)
At 31 October 2025 | 22,502 |  | 13,910 |  | 17,855 |  | 185,866 |  | 6,316 |  | 246,449
Net book value |  |  |  |  |  |  |  |  |  |  |
At 31 October 2025 | 258,973 |  | 0 |  | 23,970 |  | 244,701 |  | 2,841 |  | 530,485
At 31 October 2024 | 264,602 |  | 0 |  | 12,600 |  | 207,513 |  | 3,690 |  | 488,405

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 622,617 |  | 524,259
Other debtors | 9,658 |  | 48,249
| 632,275 |  | 572,508

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans and overdrafts (secured) | 62,049 |  | 9,400
Trade creditors | 131,773 |  | 102,378
Taxation and social security | 88,682 |  | 78,834
Obligations under finance leases and hire purchase contracts (secured) | 60,325 |  | 45,616
Other creditors | 11,703 |  | 14,170
| 354,532 |  | 250,398

Bank loans and overdrafts are secured by way of a fixed charge (Svenska Handelsbanken Ab (Publ) charge number 08755567 0001 and Handelsbanken PLC charge number 0875 5567 0002), whilst hire purchase contracts are secured against the assets in which they relate to.

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

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 76,550 |  | 85,950
Obligations under finance leases and hire purchase contracts (secured) | 167,305 |  | 140,804
| 243,855 |  | 226,754

#### 8. Related party transactions

Transactions with the entity's directors

Advances

During the year one of the directors maintained an interest free loan account which was repayable on demand.
At 1 November 2024, the balance owed by D Bruton was £420. During the year, £nil was advanced, and £nil was repaid. At 31 October 2025, the balance owed by D Bruton was £420.
At 1 November 2023, the balance owed by D Bruton was £420. During the year, £nil was advanced, and £nil was repaid. At 31 October 2024, the balance owed by D Bruton was £420.