REGISTERED NUMBER: 01263478 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

South West Decorating Services Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J M Stafford

Mr L M Stafford

REGISTERED OFFICE:

Park House

Church Road

St George

Bristol

BS5 7AG

REGISTERED NUMBER:

01263478 (England and Wales)

ACCOUNTANTS:

Stanley Joseph Limited

Chartered Accountants

Suite 1

Liberty House

South Liberty Lane

Bristol

BS3 2ST

BANKERS:

National Westminster Bank Plc

PO Box 238

Corn Street

Bristol

BS99 7UG

FIXED ASSETS

Property, plant and equipment

4

53,732

37,253

CURRENT ASSETS

Inventories

5

236,077

283,161

Debtors

6

502,863

221,613

Cash at bank

354,915

316,370

1,093,855

821,144

CREDITORS

Amounts falling due within one year

7

485,057

219,173

NET CURRENT ASSETS

608,798

601,971

TOTAL ASSETS LESS CURRENT LIABILITIES

662,530

639,224

CAPITAL AND RESERVES

Called up share capital

8

120

120

Capital redemption reserve

9

67

67

Retained earnings

9

662,343

639,037

SHAREHOLDERS' FUNDS

662,530

639,224

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 3 September 2026 and were signed on its behalf by:

Mr J M Stafford - Director

1.	STATUTORY INFORMATION

South West Decorating Services 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 represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on cost

Stocks

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 10 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

111,948

3,373

115,321

Additions

47,250

-

47,250

Disposals

(45,495

)

-

(45,495

)

At 31 December 2025

113,703

3,373

117,076

DEPRECIATION

At 1 January 2025

74,695

3,373

78,068

Charge for year

10,111

-

10,111

Eliminated on disposal

(24,835

)

-

(24,835

)

At 31 December 2025

59,971

3,373

63,344

NET BOOK VALUE

At 31 December 2025

53,732

-

53,732

At 31 December 2024

37,253

-

37,253

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2025

26,995

Transfer to ownership

(26,995

)

At 31 December 2025

-

DEPRECIATION

At 1 January 2025

10,582

Transfer to ownership

(10,582

)

At 31 December 2025

-

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

16,413

5.	INVENTORIES

31.12.25

31.12.24

£

£

Work-in-progress

236,077

283,161

6.

DEBTORS

31.12.25

31.12.24

£

£

Amounts falling due within one year:

Trade debtors

49,550

40,291

Retentions

51,358

39,222

Loan to Brandwells

119,958

-

VAT

14,496

10,881

Prepayments

12,662

13,554

248,024

103,948

Amounts falling due after more than one year:

Loan to Brandwells

100,766

-

Retentions

154,073

117,665

254,839

117,665

Aggregate amounts

502,863

221,613

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

-

5,556

Trade creditors

86,333

80,850

Tax

8,723

-

Social security and other taxes

25,775

22,502

Other creditors

84,577

61,721

Directors' current accounts

255,526

31,616

Accrued expenses

24,123

16,928

485,057

219,173

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

120

Ordinary

£1

120

120

9.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 January 2025

639,037

67

639,104

Profit for the year

23,306

23,306

At 31 December 2025

662,343

67

662,410

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company entered into the following transactions with the directors:

J M Stafford

2025

2024

Mileage expense paid

3,486

3,773

Gross interest paid by company

4,281

524

Capital introduced/(Withdrawn)

219,543

(2,541

)

At the year end the amount due to the director was £235,555 (2024 - £16,012).

L M Stafford

2024

2023

Gross interest paid by company

545

460

Capital introduced/(Withdrawn)

367

(2,553

)

At the year end the amount due to the director was £15,971 (2024 - £15,604).

11.	RELATED PARTY DISCLOSURES

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr J M Stafford.