REGISTERED NUMBER: 02951929 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

P & S DECORATORS (CHELTENHAM) LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Property, plant and equipment

4

36,309

22,117

CURRENT ASSETS

Debtors

5

153,682

179,910

Cash at bank

15,796

30,901

169,478

210,811

CREDITORS

Amounts falling due within one year

6

96,731

132,141

NET CURRENT ASSETS

72,747

78,670

TOTAL ASSETS LESS CURRENT LIABILITIES

109,056

100,787

CREDITORS

Amounts falling due after more than one year

7

(13,049

)

-

PROVISIONS FOR LIABILITIES

(9,081

)

(5,529

)

NET ASSETS

86,926

95,258

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

85,926

94,258

SHAREHOLDERS' FUNDS

86,926

95,258

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 May 2026 and were signed by:

S P McAlary - Director

1.	STATUTORY INFORMATION

P & S Decorators (Cheltenham) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

02951929

Registered office:

Chargrove House

Shurdington Road

Cheltenham

Glos

GL51 4GA

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.

Turnover

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

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

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

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.

Provisions

Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

Going concern

There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 September 2024

18,040

42,015

60,055

Additions

1,350

20,741

22,091

At 31 August 2025

19,390

62,756

82,146

DEPRECIATION

At 1 September 2024

11,841

26,097

37,938

Charge for year

829

7,070

7,899

At 31 August 2025

12,670

33,167

45,837

NET BOOK VALUE

At 31 August 2025

6,720

29,589

36,309

At 31 August 2024

6,199

15,918

22,117

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

138,946

91,511

Other debtors

4,430

2,810

Directors' current accounts

8,445

83,898

Prepayments

1,861

1,691

153,682

179,910

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

3,381

-

Trade creditors

36,776

25,401

Corporation Tax

4,822

31,738

Social security and other taxes

4,667

5,367

Pensions Payable

3,554

1,721

VAT

12,607

30,746

Other creditors

8,092

1,503

Accrued expenses

22,832

35,665

96,731

132,141

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

13,049

-

8.	SECURED DEBTS

National Westminster Bank plc registered a charge on 5 September 1994 over the company's property and assets.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

S P McAlary

Balance outstanding at start of year

83,898

151,781

Amounts advanced

108,338

107,048

Amounts repaid

(183,791

)

(174,931

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

8,445

83,898

There are no specific repayment terms and the loan is repayable on demand. Interest is charged on the overdrawn director loan balances at HMRC's approved rate of interest.