ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Company registration number: 05647993

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE PERIOD ENDED 31 JULY 2025

	DEARDS DECORATIONS LIMITED


DEARDS DECORATIONS LIMITED

COMPANY INFORMATION

Director	D W Deards


Company secretary	S E Deards


Registered number	05647993


Registered office	13 Pondcroft Road
	Knebworth
	Hertfordshire
	SG3 6DB


Accountants	Menzies LLP
	Chartered Accountants
	Richmond House
	Walkern Road
	Stevenage
	Herts
	SG1 3QP


DEARDS DECORATIONS LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


DEARDS DECORATIONS LIMITED REGISTERED NUMBER:05647993

STATEMENT OF FINANCIAL POSITION

AS AT 31 JULY 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		27,323		37,261
			27,323		37,261
Current assets
Debtors	5	38,712		13,576
Bank and cash balances		10		5,022
		38,722		18,598
Creditors: amounts falling due within one year	6	(44,118)		(22,866)
Net current liabilities			(5,396)		(4,268)
Total assets less current liabilities			21,927		32,993
Creditors: amounts falling due after more than one year			(2,000)		(8,000)
Provisions for liabilities
Deferred tax		(5,191)		(9,315)
			(5,191)		(9,315)
Net assets			14,736		15,678

Capital and reserves
Called up share capital	100	100
Profit and loss account	14,636	15,578
	14,736	15,678

Page 1


DEARDS DECORATIONS LIMITED REGISTERED NUMBER:05647993

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JULY 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

D W Deards

Director

Date: 6 July 2026

The notes on pages 3 to 6 form part of these financial statements.

Page 2


DEARDS DECORATIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2025

1.	General information

Deards Decorations 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The comparative period shown in the financial statements is the 18 month period from 1 February 2023 to 31 July 2024. The directors have chosen to extend the financial reporting date to 31 July of each year. The extended comparative period should be taken into account when reviewing the information within the financial statements.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 3


DEARDS DECORATIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2025

2.Accounting policies (continued)

2.3

Current and deferred taxation

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

The current income 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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Plant and machinery etc	-	25%	straight line
				Motor vehicles	-	25%	straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Page 4


DEARDS DECORATIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2025

2.Accounting policies (continued)

2.6

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Employees

The average monthly number of employees, including directors, during the Period was 2 (2024 - 2).

4.	Tangible fixed assets

	Motor vehicles	Office equipment	Total
	£	£	£
Cost or valuation
At 1 August 2024	72,762	4,071	76,833
Additions	-	1,832	1,832
Disposals	(26,902)	-	(26,902)
At 31 July 2025	45,860	5,903	51,763
Depreciation
At 1 August 2024	35,501	4,071	39,572
Charge for the Period on owned assets	11,465	305	11,770
Disposals	(26,902)	-	(26,902)
At 31 July 2025	20,064	4,376	24,440
Net book value
At 31 July 2025	25,796	1,527	27,323
At 31 July 2024	37,261	-	37,261

Debtors

					2025	2024
					£	£



Trade debtors	34,185	5,027
Other debtors	4,527	8,549
	38,712	13,576

Page 5


DEARDS DECORATIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank overdrafts	22,310	-
Bank loans	6,000	6,000
Trade creditors	1,629	647
Corporation tax	4,195	10,747
Other taxation and social security	7,468	3,907
Other creditors	766	65
Accruals and deferred income	1,750	1,500
	44,118	22,866

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	2,000	8,000
	2,000	8,000

Amounts falling due within one year
Bank loans	6,000	6,000
	6,000	6,000
Amounts falling due 1-2 years
Bank loans	2,000	8,000
	2,000	8,000


	8,000	14,000

Page 6