REGISTERED NUMBER: 04233576 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Sureline Finishing Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

25,246

31,017

CURRENT ASSETS

Stocks

24,270

23,565

Debtors

5

136,732

124,913

Cash at bank and in hand

196,316

179,012

357,318

327,490

CREDITORS

Amounts falling due within one year

6

104,063

89,474

NET CURRENT ASSETS

253,255

238,016

TOTAL ASSETS LESS CURRENT LIABILITIES

278,501

269,033

CREDITORS

Amounts falling due after more than one year

7

(3,119

)

(4,088

)

PROVISIONS FOR LIABILITIES

(45,000

)

(80,000

)

NET ASSETS

230,382

184,945

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

230,282

184,845

SHAREHOLDERS' FUNDS

230,382

184,945

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 27 June 2026 and were signed on its behalf by:

S A Edwards - Director

1.	STATUTORY INFORMATION

Sureline Finishing 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:

04233576

Registered office:

Units 1a & 1b Quarry Crescent

Pennygillam Industrial Estate

Launceston

Cornwall

PL15 7PF

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.

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 etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Dilapidation reserve

The Dilapidation Reserve recognises the future requirement to replace the roof of the company's premises at an estimated cost of £45,000 at the cessation of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2025 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

327,956

Additions

2,468

Disposals

(557

)

At 31 March 2026

329,867

DEPRECIATION

At 1 April 2025

296,939

Charge for year

8,179

Eliminated on disposal

(497

)

At 31 March 2026

304,621

NET BOOK VALUE

At 31 March 2026

25,246

At 31 March 2025

31,017

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

123,244

106,149

Other debtors

13,488

18,764

136,732

124,913

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

27,507

39,670

Taxation and social security

71,939

45,970

Other creditors

4,617

3,834

104,063

89,474

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Other creditors

3,119

4,088

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.26

31.3.25

£

£

Within one year

55,442

51,011

Between one and five years

140,000

54,000

In more than five years

183,750

-

379,192

105,011

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

£

S A Edwards and Mrs P M Edwards

Balance outstanding at start of year

2,122

2,629

Amounts repaid

(2,475

)

(507

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(353

)

2,122

The above loans are interest free and repayable on demand.

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £35,935 (2025 - £6,000) were paid to the directors .