REGISTERED NUMBER: 05647771 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Specialist UK Restorations Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Knowles

I Baldwin

SECRETARY:

M J Knowles

REGISTERED OFFICE:

32 Derby Street

Ormskirk

Lancashire

L39 2BY

REGISTERED NUMBER:

05647771 (England and Wales)

ACCOUNTANTS:

Myersons

Chartered Accountants

32 Derby Street

Ormskirk

Lancashire

L39 2BY

FIXED ASSETS

Tangible assets

4

1,204,562

1,183,268

CURRENT ASSETS

Stocks

44,459

36,110

Debtors

5

882,572

778,807

Cash at bank and in hand

1,445,352

1,076,451

2,372,383

1,891,368

CREDITORS

Amounts falling due within one year

6

669,442

585,028

NET CURRENT ASSETS

1,702,941

1,306,340

TOTAL ASSETS LESS CURRENT LIABILITIES

2,907,503

2,489,608

CREDITORS

Amounts falling due after more than one year

7

(139,114

)

(120,568

)

PROVISIONS FOR LIABILITIES

9

(158,981

)

(130,498

)

NET ASSETS

2,609,408

2,238,542

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

2,609,308

2,238,442

SHAREHOLDERS' FUNDS

2,609,408

2,238,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 26 August 2026 and were signed on its behalf by:

M J Knowles - Director

1.	STATUTORY INFORMATION

Specialist UK Restorations 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.

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.

Long leasehold

-

2% on cost

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2024 - 32 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Long

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 January 2025

764,285

9,393

84,688

Additions

-

14,471

6,201

Disposals

-

-

-

At 31 December 2025

764,285

23,864

90,889

DEPRECIATION

At 1 January 2025

7,006

4,891

53,437

Charge for year

15,286

2,199

8,833

Eliminated on disposal

-

-

-

At 31 December 2025

22,292

7,090

62,270

NET BOOK VALUE

At 31 December 2025

741,993

16,774

28,619

At 31 December 2024

757,279

4,502

31,251

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

9,163

620,225

59,935

1,547,689

Additions

2,039

147,709

2,863

173,283

Disposals

-

(20,150

)

-

(20,150

)

At 31 December 2025

11,202

747,784

62,798

1,700,822

DEPRECIATION

At 1 January 2025

5,945

264,206

28,936

364,421

Charge for year

606

107,243

11,446

145,613

Eliminated on disposal

-

(13,774

)

-

(13,774

)

At 31 December 2025

6,551

357,675

40,382

496,260

NET BOOK VALUE

At 31 December 2025

4,651

390,109

22,416

1,204,562

At 31 December 2024

3,218

356,019

30,999

1,183,268

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

397,750

337,609

Amounts owed by group undertakings

16,635

-

Other debtors

350

350

Directors' current accounts

344,296

304,296

Tax

116,875

103,375

VAT

1,977

30,022

Prepayments

4,689

3,155

882,572

778,807

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts (see note 8)

115,889

83,762

Trade creditors

222,003

201,072

Tax

182,529

213,061

Social security and other taxes

22,989

43,118

Other creditors

19,263

13,005

Accrued expenses

106,769

31,010

669,442

585,028

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts (see note 8)

139,114

120,568

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.25

31.12.24

£

£

Net obligations repayable:

Within one year

115,889

83,762

Between one and five years

139,114

120,568

255,003

204,330

Non-cancellable

operating leases

31.12.25

31.12.24

£

£

Within one year

24,000

24,000

9.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

40,948

30,489

Other provisions

118,033

100,009

158,981

130,498

Deferred

tax

£

Balance at 1 January 2025

30,489

Provided during year

10,459

Balance at 31 December 2025

40,948

Other provisions are in respect of Warranties.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

60

Ordinary A

£1

60

60

39

Ordinary B

£1

39

39

1

Ordinary C

£1

1

1

100

100

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

M J Knowles

Balance outstanding at start of year

292,456

192,956

Amounts advanced

40,000

99,500

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

332,456

292,456

I Baldwin

Balance outstanding at start of year

11,840

13,840

Amounts repaid

-

(2,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

11,840

11,840

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M J Knowles.