ACCOUNTS - Final Accounts preparation

Hire purchase and finance leases

Minimum lease payments under hire purchase fall due as follows:

Company Registration Number 10167459

	SOUTHERN INSULATION SOLUTIONS LIMITED

	AUDITED FINANCIAL STATEMENTS

	31 DECEMBER 2025

SOUTHERN INSULATION SOLUTIONS LIMITED

REGISTERED NUMBER: 10167459

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		48,869		51,245
			48,869		51,245
Current assets
Debtors: amounts falling due within one year	5	578,016		433,775
Cash at bank and in hand		272,288		229,765
		850,304		663,540
Creditors: amounts falling due within one year	6	(355,125)		(295,513)
Net current assets			495,179		368,027
Total assets less current liabilities			544,048		419,272
Creditors: amounts falling due after more than one year	7		-		(9,482)

Net assets			544,048		409,790

Capital and reserves
Called up share capital	100	100
Profit and loss account	543,948	409,690
	544,048	409,790

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SOUTHERN INSULATION SOLUTIONS LIMITED

REGISTERED NUMBER: 10167459

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2025

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 by:

M James

Director

Date: 17 June 2026

The notes on pages 3 to 10 form part of these financial statements.

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SOUTHERN INSULATION SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

The company is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England and Wales. The address of the registered office is given in the company information page of these financial statements.

These financial statements have been presented in Pound Sterling as this is the currency of the primary
economic environment in which the company operates.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

In determining the appropriate basis of preparation of the financial statements, the directors' are required to consider whether the company can continue in operational existence for the foreseeable future. The company meets its working capital requirements through its cash resources and operating cashflows supported by funding facilities and shareholder financial support. The directors have considered the position of the company at the year, its recent trading performance and forecasts over a period of at least 12 months from the date of the signing these financial statements.

As a result of this process, at the time of approving the financial statements, the directors are of the opinion that it is appropriate to adopt the going concern basis of preparation of the financial statements.

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SOUTHERN INSULATION SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.3

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

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

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

2.4

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.5

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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SOUTHERN INSULATION SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.9

Current and deferred taxation

The tax expense for the year 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 balance sheet 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 balance sheet 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 balance sheet date.

2.10

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.

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SOUTHERN INSULATION SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.10

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives as follows:

Depreciation is provided on the following basis:

Plant and machinery	-	20%	per annum, reducing balance
Motor vehicles	-	25%	per annum, reducing balance
Office equipment	-	25%	per annum, 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.

2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 8 (2024 - 5).

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SOUTHERN INSULATION SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.	Tangible fixed assets

	Plant and machinery	Motor vehicles	Office equipment	Total
	£	£	£	£
Cost or valuation
At 1 January 2025	2,321	96,789	14,215	113,325
Additions	-	-	13,286	13,286
At 31 December 2025	2,321	96,789	27,501	126,611
Depreciation
At 1 January 2025	1,973	47,421	12,686	62,080
Charge for the year	348	12,342	2,972	15,662
At 31 December 2025	2,321	59,763	15,658	77,742
Net book value
At 31 December 2025	-	37,026	11,843	48,869
At 31 December 2024	348	49,368	1,529	51,245

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
	2025	2024
	£	£


Motor vehicles	31,834	45,183
	31,834	45,183

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SOUTHERN INSULATION SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Debtors

					2025	2024
					£	£


Trade debtors	22,732	34,819
Other debtors	215,374	111,515
Prepayments and accrued income	14,634	35,669
Amounts recoverable on long-term contracts	323,846	250,065
Deferred taxation	1,430	1,707
	578,016	433,775

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

Trade creditors	211,653	154,893
Corporation tax	100,949	54,171
Other taxation and social security	11,198	6,478
Obligations under finance lease and hire purchase contracts	9,482	10,458
Other creditors	12,905	63,351
Accruals and deferred income	8,938	6,162
	355,125	295,513

Included in creditors due within one year are hire purchase liabilities of £9,482 (2024: £10,458), secured over the assets to which they relate.

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

	Net obligations under finance leases and hire purchase contracts	-	9,482

Included in creditors due after more than one year are hire purchase liabilities of £Nil (2024: £9,482), secured over the assets to which they relate.

Page 8

SOUTHERN INSULATION SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Within one year	9,820	11,676
Between 1-5 years	-	9,820
Less: future interest charges	(338)	(1,556)
	9,482	19,940

9.	Deferred taxation

		2025
		£

	At beginning of year	1,707
	Utilised in year	(277)
	At end of year	1,430

The deferred tax asset is made up as follows:
	2025	2024
	£	£

	Accelerated capital allowances	1,430	1,707
		1,430	1,707

10.	Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £6,188 (2024 - £3,819).

Pensions payable at the year end amounted to £Nil (2023: £Nil).

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SOUTHERN INSULATION SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

11.

Related party transactions

At the year end, M James had a director's loan balance due to Southern Insulation Solutions Limited amounting to £119,388 (2024: £89,161). The loan is interest free with no set repayment date.

At the year end, R Brakes had a director's loan balance due from Southern Insulation Solutions Limited amounting to £- (2024: 35,000). The loan is interest free with no set repayment date.

At the year end, I Marsden is a shareholder in the company and has a loan balance due from Southern Insulation Solutions Limited amounting to £12,256 (2024: £12,256). The loan is interest free with no set repayment date.

12.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified.

The audit report was signed on 17 June 2026 by Michael Morris (Senior statutory auditor) on behalf of Armstrong Watson Audit Limited.

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