Registration number: 07709044

L & V Decorators Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 9

L & V Decorators Limited

Company Information

Directors

Mr A Voice Mr DC Leslie

Registered office

Suite 1, Scotts Place 24 Scotts Road Bromley Kent BR1 3QD

Accountants

BDK Accountants Ltd 24 Scotts Road Bromley Kent BR1 3QD

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
L & V Decorators Limited
for the Year Ended 31 July 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of L & V Decorators Limited for the year ended 31 July 2025 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of L & V Decorators Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of L & V Decorators Limited and state those matters that we have agreed to state to the Board of Directors of L & V Decorators Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than L & V Decorators Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that L & V Decorators Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of L & V Decorators Limited. You consider that L & V Decorators Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of L & V Decorators Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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

BDK Accountants Ltd
24 Scotts Road
Bromley
Kent
BR1 3QD

18 February 2026

L & V Decorators Limited

(Registration number: 07709044)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed Assets
Tangible Assets	4	6,269	8,359
Current assets
Stocks	5	5,004	19,765
Debtors	6	89,473	41,983
Cash at bank and in hand		248	11,993
		94,725	73,741
Creditors: Amounts falling due within one year	7	(88,808)	(57,477)
Net current assets		5,917	16,264
Total assets less current liabilities		12,186	24,623
Creditors: Amounts falling due after more than one year	7	(10,000)	(20,000)
Net assets		2,186	4,623
Capital and Reserves
Called up share capital	8	300	100
Retained Earnings		1,886	4,523
Shareholders' funds		2,186	4,623

For the financial year ending 31 July 2025 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 18 February 2026 and signed on its behalf by:
 

......................................... Mr A Voice Director

L & V Decorators Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

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

The address of its registered office is:
Suite 1, Scotts Place
24 Scotts Road
Bromley
Kent
BR1 3QD

These financial statements were authorised for issue by the Board on 18 February 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.

Going concern

Tax

The tax expense for the period comprises current 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 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 taxable income.

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
Motor vehicles	20% - Straight line basis
Plant and machinery	25% - Straight line basis

L & V Decorators Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Office equipment

25% - Straight line basis

Amortisation

Asset class	Amortisation method and rate
Goodwill	5 years - Straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

L & V Decorators Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

L & V Decorators Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

4	Tangible Assets

	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 August 2024	-	16,900	16,900
Additions	10,449	-	10,449
Disposals	-	(16,900)	(16,900)
At 31 July 2025	10,449	-	10,449
Depreciation
At 1 August 2024	2,090	16,900	18,990
Charge for the year	2,090	-	2,090
Eliminated on disposal	-	(16,900)	(16,900)
At 31 July 2025	4,180	-	4,180
Carrying amount
At 31 July 2025	6,269	-	6,269
At 31 July 2024	8,359	-	8,359

5

Stocks

	2025 £	2024 £
Work in progress	5,004	19,765

L & V Decorators Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

6

Debtors

Current	2025 £	2024 £
Trade Debtors	58,600	27,468
Other debtors	30,873	14,515
	89,473	41,983

L & V Decorators Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	15,752	-
Trade Creditors		13,084	12,905
Taxation and social security		32,857	16,096
Accruals and deferred income		5,195	2,541
Other creditors		21,920	25,935
		88,808	57,477

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	10,000	20,000

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary share of £1 each	100	100	100	100

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	10,000	20,000

Current loans and borrowings

	2025 £	2024 £
Bank overdrafts	15,752	-