West Lancs Paint & Varnish Co Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

Registered number: 03426099

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		255,952		170,135

			255,952		170,135
CURRENT ASSETS
Stocks	5	248,250		144,950
Debtors	6	250,946		234,228
Cash at bank and in hand		-		17

		499,196		379,195
Creditors: Amounts Falling Due Within One Year	7	(428,017 )		(329,590 )

NET CURRENT ASSETS (LIABILITIES)			71,179		49,605

TOTAL ASSETS LESS CURRENT LIABILITIES			327,131		219,740

Creditors: Amounts Falling Due After More Than One Year	8		(198,513 )		(65,415 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	10		(48,384 )		(43,080 )

NET ASSETS			80,234		111,245

CAPITAL AND RESERVES
Called up share capital	11		4		4
Profit and Loss Account			80,230		111,241

SHAREHOLDERS' FUNDS			80,234		111,245

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West Lancs Paint & Varnish Co Limited

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr M J Cranham

Director

20 May 2026

The notes on pages 3 to 7 form part of these financial statements.

1. General Information

West Lancs Paint & Varnish Co Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03426099 . The registered office is 99 Stanley Road, Bootle, Merseyside, L20 7DA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis. The company reported a loss for the year; however, it continues to have a positive net asset position at the balance sheet date.

The director has reviewed the company’s cash flow forecasts and considers that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director considers it appropriate to prepare the financial statements on a going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	15% reducing balance
Computer Equipment	25% reducing balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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West Lancs Paint & Varnish Co Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Taxation

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

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. Where there is a history of recent losses, deferred tax assets are recognised only where there is convincing evidence that sufficient taxable profits will be available.

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.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 27 (2024: 37)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 September 2024	157,500	247,618	33,760	35,284	474,162
Additions	1,842	193,560	6,866	729	202,997
Disposals	(23,467 )	(39,616 )	(892 )	-	(63,975 )

As at 31 August 2025	135,875	401,562	39,734	36,013	613,184

Depreciation
As at 1 September 2024	113,874	133,727	26,798	29,628	304,027
Provided during the period	5,988	71,976	1,991	1,596	81,551
Disposals	(7,940 )	(20,062 )	(344 )	-	(28,346 )

As at 31 August 2025	111,922	185,641	28,445	31,224	357,232

...CONTINUED

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West Lancs Paint & Varnish Co Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Net Book Value
As at 31 August 2025	23,953	215,921	11,289	4,789	255,952

As at 1 September 2024	43,626	113,891	6,962	5,656	170,135

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor Vehicles	154,250	36,276

5. Stocks

	2025	2024
	£	£
Stock	248,250	144,950

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	229,314	204,279
Amounts owed by participating interests	18,855	23,475
Other debtors	2,777	6,474

	250,946	234,228

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	34,509	11,484
Trade creditors	89,196	44,737
Bank loans and overdrafts	49,955	51,603
Amounts owed to participating interests	155,793	110,555
Other creditors	59,881	69,617
Taxation and social security	38,683	41,594

	428,017	329,590

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West Lancs Paint & Varnish Co Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	132,543	8,945
Bank loans	65,970	56,470

	198,513	65,415

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	34,509	11,484
Later than one year and not later than five years	132,543	8,945

	167,052	20,429

	167,052	20,429

10. Deferred Taxation

The company has unused tax losses of £131,605 available to carry forward. No deferred tax asset has been recognised in respect of these losses due to uncertainty over the availability of future taxable profits. Accordingly, these losses have not been recognised or offset against deferred tax liabilities.

	2025	2024
	£	£
Other timing differences	48,384	43,080

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	4	4

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West Lancs Paint & Varnish Co Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

12. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than one year	176,375	-
Later than one year and not later than five years	705,502	-

	881,877	-

The company has entered into a five‑year occupational lease for industrial premises commencing on 1 October 2025. Under the terms of the lease the company is responsible for rent, insurance contributions and property‑related outgoings.

A rent deposit equivalent to one month’s rent is held under a separate rent deposit deed.

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