REGISTERED NUMBER: 04870402 (England and Wales)

Financial Statements

For The Year Ended 31st August 2025

for

UK Site Painters Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

AW Foster

SECRETARY:

AW Foster

REGISTERED OFFICE:

4 Old Market Place

Ripon

North Yorkshire

HG4 1EQ

REGISTERED NUMBER:

04870402 (England and Wales)

ACCOUNTANTS:

F E Metcalfe & Co Limited

Chartered Accountants

4 Old Market Place

Ripon

North Yorkshire

HG4 1EQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

42,494

47,456

Investment property

6

2,409,889

2,409,889

2,452,383

2,457,345

CURRENT ASSETS

Stocks

6,200

6,000

Debtors

7

2,908,238

2,717,105

Cash at bank

280,044

163,122

3,194,482

2,886,227

CREDITORS

Amounts falling due within one year

8

481,599

422,471

NET CURRENT ASSETS

2,712,883

2,463,756

TOTAL ASSETS LESS CURRENT LIABILITIES

5,165,266

4,921,101

CREDITORS

Amounts falling due after more than one year

9

(367,353

)

(634,500

)

PROVISIONS FOR LIABILITIES

11

(28,795

)

(30,036

)

NET ASSETS

4,769,118

4,256,565

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

12

4,769,018

4,256,465

SHAREHOLDERS' FUNDS

4,769,118

4,256,565

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15th May 2026 and were signed by:

AW Foster - Director

1.	STATUTORY INFORMATION

UK Site Painters 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.

2.	ACCOUNTING POLICIES

General information and basis of preparation

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Revenue

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. Revenue is usually recognised when an invoice is issued to a customer. Revenue for contracts started but not invoiced at the year end is adjusted for by accounting for work-in-progress as set out in note "Stocks - work-in-progress" below.

Intangible asset - goodwill

Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill is 20 years. Provision is made for any impairment.

Goodwill represents the amount paid in connection with the acquisition of a business in 2003.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and equipment 25% per annum on reducing balance basis

Motor vehicles 25% per annum on reducing balance basis

Computer & Office Equipment Straight line over four years

Investment property

Investment property is measured at fair value at each reporting date, with fair value gains and losses being reported in profit or loss. Investment properties are valued using an open market valuatio on a freehold basis. The valuation is undertaken by the directors of the company.

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks - work-in-progress

Work in progress is valued at the relevant percentage of sales value of the work, reflecting the stage of completion of that work.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Foreign currencies

Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st September 2024

and 31st August 2025

100,000

AMORTISATION

At 1st September 2024

and 31st August 2025

100,000

NET BOOK VALUE

At 31st August 2025

-

At 31st August 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st September 2024

41,010

80,780

8,025

129,815

Additions

-

10,721

-

10,721

Disposals

-

(7,203

)

-

(7,203

)

At 31st August 2025

41,010

84,298

8,025

133,333

DEPRECIATION

At 1st September 2024

29,402

46,946

6,011

82,359

Charge for year

2,904

10,900

918

14,722

Eliminated on disposal

-

(6,242

)

-

(6,242

)

At 31st August 2025

32,306

51,604

6,929

90,839

NET BOOK VALUE

At 31st August 2025

8,704

32,694

1,096

42,494

At 31st August 2024

11,608

33,834

2,014

47,456

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st September 2024

and 31st August 2025

2,409,889

NET BOOK VALUE

At 31st August 2025

2,409,889

At 31st August 2024

2,409,889

Fair value at 31st August 2025 is represented by:

£

Valuation in 2025

2,409,889

The property portfolio was valued at 31st August 2025 by the director.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

441,267

269,799

Directors' current accounts

491,417

523,650

Other debtors

1,962,908

1,911,207

Prepayments

12,646

12,449

2,908,238

2,717,105

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

169,200

169,200

Trade creditors

21,131

25,861

Corporation Tax

175,662

124,064

Social security and other taxes

87,075

69,576

Other creditors

-

835

Deferred income

14,867

14,779

Accrued expenses

13,664

18,156

481,599

422,471

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans - 1-2 years

169,200

169,200

Bank loans - 2-5 years

198,153

465,300

367,353

634,500

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Bank loans

536,553

803,700

The bank loan is secured by way of a charge over Units 1 and 2 Rossendale Road Industrial Estate, Burnley, and by a floating charge over the assets of the company.

11.	PROVISIONS FOR LIABILITIES

31.8.25

31.8.24

£

£

Deferred tax

28,795

30,036

Deferred tax

£

Balance at 1st September 2024

30,036

Released during the year

(1,241

)

Balance at 31st August 2025

28,795

12.

RESERVES

The accumulated profit and loss reserves of the company includes £120,869 (2024: £120,869) of unrealised profits related to the increase in fair value over the cost of investment properties and investments. The £120,869 (2024: £120,869) is net of deferred tax provided, and is not distributable.

13.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2025 and 31st August 2024:

31.8.25

31.8.24

£

£

AW Foster

Balance outstanding at start of year

523,650

564,937

Amounts advanced

58,079

9,025

Amounts repaid

(90,312

)

(50,312

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

491,417

523,650

The loan is not interest bearing and is repayable on demand.

14.	RELATED PARTY DISCLOSURES

Andrew Foster Investments Limited borrowed £67,000 (2024: borrowed £1,373,472) from UK Site Painters Limited, making the balance due from Andrew Foster Investments Limited £1,842,702 (2024: £1,775,702).

The loan is repayable on demand and is not interest bearing.