THORPE & KING PLASTERING CONTRACTORS LTD 31/10/2025 iXBRL

Company registration number: 06713940

THORPE & KING PLASTERING CONTRACTORS LTD

Trading as Rendermeister

Unaudited filleted financial statements

31 October 2025

THORPE & KING PLASTERING CONTRACTORS LTD

Contents

Statement of financial position

Notes to the financial statements

THORPE & KING PLASTERING CONTRACTORS LTD

Statement of financial position

31 October 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	20,500		28,238
		_______		_______
			20,500		28,238

Current assets
Debtors	6	54,920		22,033
Cash at bank and in hand		146,366		166,728
		_______		_______
		201,286		188,761
Creditors: amounts falling due
within one year	7	( 119,560)		( 95,819)
		_______		_______
Net current assets			81,726		92,942
			_______		_______
Total assets less current liabilities			102,226		121,180

Creditors: amounts falling due
after more than one year	8		( 2,614)		( 12,196)

Provisions for liabilities	10		( 5,654)		( 7,124)

			_______		_______
Net assets			93,958		101,860
			_______		_______

Capital and reserves
Called up share capital			2		2
Profit and loss account			93,956		101,858
			_______		_______
Shareholder funds			93,958		101,860
			_______		_______

For the 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 member has 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.

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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 24 March 2026 , and are signed on behalf of the board by:

Mr Paul Thorpe

Director

Company registration number: 06713940

THORPE & KING PLASTERING CONTRACTORS LTD

Notes to the financial statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Thorpe & King Plastering Contractors Ltd, 18 Pastures Way, Golcar, Huddersfield, West Yorkshire, HD7 4QG.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

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.

Turnover

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.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

tangible assets are initially recorded at cost, and are 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.

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:


Tools and equipment	-	20 %	straight line
Motor vehicles	-	25 %	reducing balance
Office equipment	-	33 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

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.

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 in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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 in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 3 ).

5. Tangible assets

	Tools and equipment	Motor vehicles	Office equipment	Total
	£	£	£	£
Cost
At 1 November 2024	45,902	34,731	2,974	83,607
Additions	623	-	1,220	1,843
	_______	_______	_______	_______
At 31 October 2025	46,525	34,731	4,194	85,450
	_______	_______	_______	_______
Depreciation
At 1 November 2024	30,790	21,923	2,656	55,369
Charge for the year	5,655	3,202	724	9,581
	_______	_______	_______	_______
At 31 October 2025	36,445	25,125	3,380	64,950
	_______	_______	_______	_______
Carrying amount
At 31 October 2025	10,080	9,606	814	20,500
	_______	_______	_______	_______
At 31 October 2024	15,112	12,808	318	28,238
	_______	_______	_______	_______

Obligations under finance leases

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:


	Tools and equipment	Motor vehicles
	£	£
At 31 October 2025	9,580	7,828
	_______	_______
At 31 October 2024	14,370	10,437
	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	-	1,320
Other debtors	54,920	20,713
	_______	_______
	54,920	22,033
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	10,472	11,783
Corporation tax	8,530	17,925
Social security and other taxes	4,200	4,716
Other creditors	96,358	61,395
	_______	_______
	119,560	95,819
	_______	_______

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

	2025	2024
	£	£
Other creditors	2,614	12,196
	_______	_______

Bank loans and overdraft facilities provided by Virgin Money are secured by a fixed and floating charge over the Company's assets.

9. Obligations under finance leases

Company lessee

The total future minimum lease payments under finance lease agreements are as follows:

	2025	2024
	£	£
Not later than 1 year	11,291	11,825
Later than 1 year and not later than 5 years	3,174	14,464
	_______	_______
	14,465	26,289
Less: future finance charges	( 2,268)	( 4,046)
	_______	_______
Present value of minimum lease payments	12,197	22,243
	_______	_______

Finance lease agreements entered into by the company as lessee are secured against the assets to which they relate.

10. Provisions

	Deferred tax (note 11)	Total
	£	£
At 1 November 2024	7,124	7,124
Charges against provisions	( 1,470)	( 1,470)
	_______	_______
At 31 October 2025	5,654	5,654
	_______	_______

11. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 10)	5,654	7,124
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	5,654	7,124
	_______	_______

12. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr Paul Thorpe	( 48,643)	( 28,198)	( 76,841)
	Mr Michael Thorpe	( 707)	( 5,599)	( 6,306)
		_______	_______	_______
		( 49,350)	( 33,797)	( 83,147)
		_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr Paul Thorpe	( 17,633)	( 31,010)	( 48,643)
	Mr Michael Thorpe	( 707)	-	( 707)
		_______	_______	_______
		( 18,340)	( 31,010)	( 49,350)
		_______	_______	_______

Credit balances on directors' current accounts are provided to the company unsecured, interest free and are repayable on demand.

13. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Trowel Lettings Ltd Co No: 15792568	11,850	20,000	31,850	20,000
	_______	_______	_______	_______

The company had an outstanding loan owed by Trowel Lettings Ltd a company in which director Paul Thorpe is a person with significant control. The loan is unsecured and repayable on demand.