REGISTERED NUMBER: 01434289 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

S.W. SLATING AND TILING LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

P Palfrey

T W J Samuel

REGISTERED OFFICE:

Honiton Road

Clyst Honiton

Exeter

Devon

EX5 2NH

REGISTERED NUMBER:

01434289 (England and Wales)

ACCOUNTANTS:

Sheppard Rockey & Williams Ltd

Sannerville Chase

Exminster

Exeter

Devon

EX6 8AT

FIXED ASSETS

Tangible assets

4

244,482

296,343

CURRENT ASSETS

Stocks

114,276

113,648

Debtors

5

695,633

607,075

Cash in hand

37

133

809,946

720,856

CREDITORS

Amounts falling due within one year

6

511,639

447,858

NET CURRENT ASSETS

298,307

272,998

TOTAL ASSETS LESS CURRENT LIABILITIES

542,789

569,341

CREDITORS

Amounts falling due after more than one year

7

(26,606

)

(83,067

)

PROVISIONS FOR LIABILITIES

(35,179

)

(35,025

)

NET ASSETS

481,004

451,249

CAPITAL AND RESERVES

Called up share capital

9

2,002

2,002

Revaluation reserve

10

158,431

158,431

Retained earnings

320,571

290,816

SHAREHOLDERS' FUNDS

481,004

451,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 5 May 2026 and were signed on its behalf by:

P Palfrey - Director

T W J Samuel - Director

1.	STATUTORY INFORMATION

S.W. Slating and Tiling Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the value of jobs completed during the year net of value added tax and after adjusting for work in progress.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

freehold buildings 4% on cost and freehold land no depreciation

Plant and equipment

-

20% on cost

Motor vehicles

-

20% on cost

Office equipment

-

20% on cost

Stocks and work in progress

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

Work in Progress includes attributable profit where appropriate with regard to the stage of completion of the contract and excludes foreseeable losses.

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 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 22 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Office

property

equipment

vehicles

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1 September 2024

280,000

90,526

318,046

63,273

751,845

Additions

-

5,509

9,390

7,030

21,929

At 31 August 2025

280,000

96,035

327,436

70,303

773,774

DEPRECIATION

At 1 September 2024

168,000

58,083

201,711

27,708

455,502

Charge for year

8,400

11,553

43,193

10,644

73,790

At 31 August 2025

176,400

69,636

244,904

38,352

529,292

NET BOOK VALUE

At 31 August 2025

103,600

26,399

82,532

31,951

244,482

At 31 August 2024

112,000

32,443

116,335

35,565

296,343

Freehold property was revalued in September 2005 by Stratton Creber Commercial Property Consultants on the basis of open market value and assuming vacant possession. The historical cost of the freehold land and buildings was £121,569 (2024: £121,569). The directors are of the opinion that this valuation continues to represent the fair value of the property.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

equipment

vehicles

Totals

£

£

£

COST OR VALUATION

At 1 September 2024

35,000

164,279

199,279

Transfer to ownership

-

(40,779

)

(40,779

)

At 31 August 2025

35,000

123,500

158,500

DEPRECIATION

At 1 September 2024

14,000

67,767

81,767

Charge for year

7,000

32,856

39,856

Transfer to ownership

-

(37,223

)

(37,223

)

At 31 August 2025

21,000

63,400

84,400

NET BOOK VALUE

At 31 August 2025

14,000

60,100

74,100

At 31 August 2024

21,000

96,512

117,512

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

534,393

442,037

Other debtors

161,240

165,038

695,633

607,075

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

193,372

201,284

Hire purchase contracts

46,044

55,587

Trade creditors

151,582

160,003

Taxation and social security

89,307

22,342

Other creditors

31,334

8,642

511,639

447,858

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans

-

10,042

Hire purchase contracts

26,606

73,025

26,606

83,067

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Bank overdrafts

183,330

141,034

The bank overdraft is secured by a fixed and floating charge over the assets of the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

1,650

A Ordinary shares

£1

1,650

1,650

202

B Ordinary shares

£1

202

202

50

C Ordinary Shares

£1

50

50

50

D Ordinary Shares

£1

50

50

50

E Ordinary shares

£1

50

50

2,002

2,002

10.

RESERVES

Revaluation

reserve

£

At 1 September 2024

and 31 August 2025

158,431

11.	RELATED PARTY DISCLOSURES

Included in other debtors falling due within one year is a loan of £80,000 (2024:£80,000) made to a company in which one of the directors has a controlling interest. The loan is unsecured , repayable on demand and subject to interest at HMRC's published official rate.