REGISTERED NUMBER: 10082828 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

L&S Decorators Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L Chance

Mrs H Medland Chance

REGISTERED OFFICE:

1a Heathbrook Avenue

Kingswinford

West Midlands

DY6 0ER

REGISTERED NUMBER:

10082828 (England and Wales)

ACCOUNTANTS:

Crudgington Business Services Limited

50 Cowley Drive

Dudley

West Midlands

DY1 2SS

FIXED ASSETS

Tangible assets

4

41,990

56,045

CURRENT ASSETS

Stocks

965

940

Debtors

5

65,023

67,883

Cash at bank

16,705

28,182

82,693

97,005

CREDITORS

Amounts falling due within one year

6

46,927

43,910

NET CURRENT ASSETS

35,766

53,095

TOTAL ASSETS LESS CURRENT LIABILITIES

77,756

109,140

CREDITORS

Amounts falling due after more than one year

7

(31,968

)

(42,711

)

PROVISIONS FOR LIABILITIES

8

(6,018

)

(8,548

)

NET ASSETS

39,770

57,881

CAPITAL AND RESERVES

Called up share capital

9

60

60

Retained earnings

39,710

57,821

SHAREHOLDERS' FUNDS

39,770

57,881

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 7 August 2026 and were signed on its behalf by:

L Chance - Director

Mrs H Medland Chance - Director

1.	STATUTORY INFORMATION

L&S Decorators 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 (£).

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.

Motor vehicles

-

25% on reducing balance

Office equipment

-

33% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

and 31 March 2026

87,800

4,006

91,806

DEPRECIATION

At 1 April 2025

32,300

3,461

35,761

Charge for year

13,874

181

14,055

At 31 March 2026

46,174

3,642

49,816

NET BOOK VALUE

At 31 March 2026

41,626

364

41,990

At 31 March 2025

55,500

545

56,045

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

63,451

61,298

Other debtors

1,572

6,585

65,023

67,883

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

4,000

4,000

Hire purchase contracts

8,746

8,746

Trade creditors

2,232

3,732

Taxation and social security

27,159

14,618

Other creditors

4,790

12,814

46,927

43,910

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

5,730

7,727

Hire purchase contracts

26,238

34,984

31,968

42,711

8.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

6,018

8,548

Deferred

tax

£

Balance at 1 April 2025

8,548

Provided during year

(2,530

)

Balance at 31 March 2026

6,018

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

60

Ordinary

£1

60

60

10.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.