Sevlow Painting Contractors Limited


Directors	Kevin Haynes
	Kyle Haynes


Registered Address	12 Johnson Street
	Woodcross
	Coseley
	WV14 9RL


Registered Number	06459585 (England and Wales)

Balance Sheet as at
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Intangible assets	3		4,050		5,400
Tangible assets	4		49,756		56,422
			53,806		61,822
Current assets
Stocks	5	4,137		2,846
Debtors	6	277,652		272,417
Cash at bank and on hand		68,175		20,395
		349,964		295,658
Creditors amounts falling due within one year	7	(235,542)		(197,439)
Net current assets (liabilities)			114,422		98,219
Total assets less current liabilities			168,228		160,041
Creditors amounts falling due after one year	8		(5,935)		(7,242)
Provisions for liabilities	9		(8,070)		(7,682)
Net assets			154,223		145,117
Capital and reserves
Called up share capital			23		23
Profit and loss account			154,200		145,094
Shareholders' funds			154,223		145,117

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 10 August 2026, and are signed on its behalf by:

Kevin Haynes
Director
Registered Company No. 06459585

Sevlow Painting Contractors Limited

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	15
	Vehicles	15

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	3		4

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 April 25	27,000
	At 31 March 26	27,000
	Amortisation and impairment
	At 01 April 25	21,600
	Charge for year	1,350
	At 31 March 26	22,950
	Net book value
	At 31 March 26	4,050
	At 31 March 25	5,400

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 25	91,556
	Additions	10,009
	Disposals	(15,125)
	At 31 March 26	86,440
	Depreciation and impairment
	At 01 April 25	35,133
	Charge for year	8,084
	On disposals	(6,533)
	At 31 March 26	36,683
	Net book value
	At 31 March 26	49,756
	At 31 March 25	56,422

5.	Stocks

	2026	2025
	£	£
Raw materials and consumables	4,137	2,846
Total	4,137	2,846

6.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	227,742	228,749
Other debtors	49,910	43,668
Total	277,652	272,417

7.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	87,478	80,973
Bank borrowings and overdrafts	2,500	10,000
Taxation and social security	52,592	77,501
Finance lease and HP contracts	4,970	6,247
Other creditors	88,002	22,718
Total	235,542	197,439


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	-	2,500
Other creditors	5,935	4,742
Total	5,935	7,242

9.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	8,070	7,682
Total	8,070	7,682