REGISTERED NUMBER: 06429569 (England and Wales)

Financial Statements for the Year Ended 30 April 2025

for

Fresco Ceilings Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs A Muenster-Staines

REGISTERED OFFICE:

Unit 4

Springwell Court

Leeds

West Yorkshire

LS12 1AL

REGISTERED NUMBER:

06429569 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

FIXED ASSETS

Tangible assets

4

105,455

89,138

CURRENT ASSETS

Stocks

500

499

Debtors

5

763,903

1,181,346

Cash at bank and in hand

461,951

134,603

1,226,354

1,316,448

CREDITORS

Amounts falling due within one year

6

591,639

688,601

NET CURRENT ASSETS

634,715

627,847

TOTAL ASSETS LESS CURRENT LIABILITIES

740,170

716,985

CREDITORS

Amounts falling due after more than one year

7

(31,992

)

(27,596

)

PROVISIONS FOR LIABILITIES

(26,363

)

(22,285

)

NET ASSETS

681,815

667,104

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

681,715

667,004

SHAREHOLDERS' FUNDS

681,815

667,104

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 April 2026 and were signed by:

Mrs A Muenster-Staines - Director

1.	STATUTORY INFORMATION

Fresco Ceilings 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is also recorded on contracts as activity progresses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

Straight line over 6 years

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments are recognised at amortised costs. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 May 2024

28,367

8,136

9,896

Additions

-

-

-

Disposals

-

-

-

At 30 April 2025

28,367

8,136

9,896

DEPRECIATION

At 1 May 2024

28,367

8,022

9,896

Charge for year

-

114

-

Eliminated on disposal

-

-

-

At 30 April 2025

28,367

8,136

9,896

NET BOOK VALUE

At 30 April 2025

-

-

-

At 30 April 2024

-

114

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2024

131,698

29,540

207,637

Additions

70,741

1,731

72,472

Disposals

(50,564

)

-

(50,564

)

At 30 April 2025

151,875

31,271

229,545

DEPRECIATION

At 1 May 2024

46,579

25,635

118,499

Charge for year

26,693

2,268

29,075

Eliminated on disposal

(23,484

)

-

(23,484

)

At 30 April 2025

49,788

27,903

124,090

NET BOOK VALUE

At 30 April 2025

102,087

3,368

105,455

At 30 April 2024

85,119

3,905

89,138

The net book value of fixed assets held under hire purchase agreements at 30 April 2025 is £38,658 (2024 £38,269).

5.

DEBTORS

30.4.25

30.4.24

£

£

Amounts falling due within one year:

Trade debtors

23,365

277,693

Amounts recoverable on contract

457,243

615,963

Other debtors

280,707

285,102

761,315

1,178,758

Amounts falling due after more than one year:

Other debtors

2,588

2,588

Aggregate amounts

763,903

1,181,346

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts (see note 8)

20,770

14,346

Trade creditors

301,487

276,970

Taxation and social security

26,873

33,358

Other creditors

232,509

353,927

591,639

688,601

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans

1,667

11,667

Hire purchase contracts (see note 8)

30,325

15,929

31,992

27,596

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.4.25

30.4.24

£

£

Net obligations repayable:

Within one year

20,770

14,346

Between one and five years

30,325

15,929

51,095

30,275

Non-cancellable

operating leases

30.4.25

30.4.24

£

£

Within one year

15,500

15,500

Between one and five years

32,292

47,792

47,792

63,292

9.	SECURED DEBTS

Barclays Security Trustee Limited holds fixed and floating charges over the company, which covers all the property or undertaking of the company and contains negative pledge.