REGISTERED NUMBER: NI640498 (Northern Ireland)

SDE Painting & Decorating (2016) Ltd

Unaudited Financial Statements for the Year Ended 31 August 2025

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Director:

Mr G Connolly

Registered office:

Unit 2

Townsend Enterprise Park

Townsend Street

Belfast

BT13 2ES

Registered number:

NI640498 (Northern Ireland)

Accountants:

Exchange Accountants Limited

Chartered Certified Accountants

Oakmont House

2 Queens Road

Lisburn

BT27 4TZ

Bankers:

Ulster Bank Limited

PO Box 232

11-16 Donegall Square East

Belfast

BT1 5UB

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

96,945

114,700

96,945

114,700

Current assets

Debtors

6

163,402

241,755

Cash at bank

97,000

84,980

260,402

326,735

Creditors

Amounts falling due within one year

7

(113,336

)

(145,107

)

Net current assets

147,066

181,628

Total assets less current liabilities

244,011

296,328

Creditors

Amounts falling due after more than one year

8

(23,884

)

(66,871

)

Net assets

220,127

229,457

Capital and reserves

Called up share capital

100

100

Retained earnings

220,027

229,357

Shareholders' funds

220,127

229,457

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 director acknowledges his 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 director and authorised for issue on 12 May 2026 and were signed by:

Mr G Connolly - Director

1.	Statutory information

SDE Painting & Decorating (2016) Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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

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 5 (2024 - 5 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 September 2024

and 31 August 2025

85,000

Amortisation

At 1 September 2024

and 31 August 2025

85,000

Net book value

At 31 August 2025

-

At 31 August 2024

-

5.	Tangible fixed assets

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

Cost

At 1 September 2024

119,770

730

71,114

191,614

Additions

-

5,762

13,995

19,757

Disposals

-

-

(39,625

)

(39,625

)

At 31 August 2025

119,770

6,492

45,484

171,746

Depreciation

At 1 September 2024

40,057

620

36,237

76,914

Charge for year

19,608

1,468

10,674

31,750

Eliminated on disposal

-

-

(33,863

)

(33,863

)

At 31 August 2025

59,665

2,088

13,048

74,801

Net book value

At 31 August 2025

60,105

4,404

32,436

96,945

At 31 August 2024

79,713

110

34,877

114,700

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

107,008

178,287

Amounts owed by associates

1,740

-

Other debtors

46,364

51,837

VAT

5,325

10,723

Prepayments

2,965

908

163,402

241,755

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts (see note 9)

9,293

9,676

Hire purchase contracts

34,309

35,283

Trade creditors

27,573

30,245

Corporation tax

26,887

50,919

Social security and other taxes

3,152

5,787

Pension commitments

480

281

Other creditors

477

-

Directors' current accounts

4,861

4,918

Accrued expenses

6,304

7,998

113,336

145,107

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans (see note 9)

-

9,293

Hire purchase contracts

23,884

57,578

23,884

66,871

9.

Loans

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

9,293

9,676

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

9,293

10.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

58,193

92,861

Hire purchase creditors are secured on the assets to which they relate.