Company Registration number: 13954014

Hedley's Plastering Limited

Contents

Pages

Balance sheet	1 to 2
Notes to the financial statements	3 to 7

Hedley's Plastering Limited

Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	172,488	144,622
Current assets
Stocks	5	309,221	268,052
Debtors	6	116,594	145,326
Cash at bank and in hand		147,926	94,578
		573,741	507,956
Creditors: Amounts falling due within one year	7	(374,892)	(375,474)
Net current assets		198,849	132,482
Total assets less current liabilities		371,337	277,104
Provisions for liabilities		(43,123)	(27,479)
Net assets		328,214	249,625
Capital and reserves
Called up share capital	8	40	40
Retained earnings		328,174	249,585
Shareholders' funds		328,214	249,625

Hedley's Plastering Limited

Balance Sheet as at 31 March 2026 (continued)

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 June 2026 and signed on its behalf by:
 

......................................... Mrs S M Hedley Director

Company registration number: 13954014

Hedley's Plastering Limited

Notes to the financial statements for the Year Ended 31 March 2026

1	GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Newtown House
Newtown
Blackford
Carlisle
CA6 4ET

These financial statements were authorised for issue by the Board on 22 June 2026.

2	ACCOUNTING POLICIES

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

Hedley's Plastering Limited

Notes to the financial statements for the Year Ended 31 March 2026 (continued)

2	ACCOUNTING POLICIES (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
 

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	20% straight line
Motor vehicles	20% reducing balance

Hedley's Plastering Limited

Notes to the financial statements for the Year Ended 31 March 2026 (continued)

2	ACCOUNTING POLICIES (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
 Recognition and measurement
Basic financial instruments are initially recognised at the transaction price.
 Impairment
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3	STAFF NUMBERS

The average number of persons employed by the company (including directors) during the year, was 28 (2025 - 25).

Hedley's Plastering Limited

Notes to the financial statements for the Year Ended 31 March 2026 (continued)

4	TANGIBLE ASSETS

	Office equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	3,402	199,750	203,152
Additions	754	60,895	61,649
At 31 March 2026	4,156	260,645	264,801
Depreciation
At 1 April 2025	742	57,788	58,530
Charge for the year	745	33,038	33,783
At 31 March 2026	1,487	90,826	92,313
Carrying amount
At 31 March 2026	2,669	169,819	172,488
At 31 March 2025	2,660	141,962	144,622

5

STOCKS

	2026 £	2025 £
Work in progress	309,221	268,052

6

DEBTORS

Current	2026 £	2025 £
Trade debtors	27,789	74,565
Other debtors	56,385	48,006
Prepayments and accrued income	32,420	22,755
	116,594	145,326

Hedley's Plastering Limited

Notes to the financial statements for the Year Ended 31 March 2026 (continued)

7

CREDITORS

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	86,644	101,960
Taxation and social security	50,290	38,290
Accruals and deferred income	4,565	2,918
Other creditors	233,393	232,306
	374,892	375,474

8	SHARE CAPITAL

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
10 Ordinary A of £1 each	10	10	10	10
10 Ordinary B of £1 each	10	10	10	10
10 Ordinary C of £1 each	10	10	10	10
10 Ordinary D of £1 each	10	10	10	10
	40	40	40	40