REGISTERED NUMBER: 08551448 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Cladspray Solutions Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

5

166,339

1,702,639

Current assets

Stocks

97,821

73,925

Debtors

6

1,990,200

443,268

Cash at bank and in hand

82,063

369,904

2,170,084

887,097

Creditors

Amounts falling due within one year

7

(450,839

)

(510,931

)

Net current assets

1,719,245

376,166

Total assets less current liabilities

1,885,584

2,078,805

Creditors

Amounts falling due after more than one year

8

(80,188

)

(138,571

)

Provisions for liabilities

(41,228

)

(123,085

)

Net assets

1,764,168

1,817,149

Capital and reserves

Called up share capital

25,837

25,837

Retained earnings

1,738,331

1,791,312

1,764,168

1,817,149

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 Statement of Income and Retained Earnings 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:

Mr T J Carter - Director

1.	Statutory information

Cladspray Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08551448

Registered office:

15 Mason Road

Norwich

Norfolk

NR6 6RF

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover comprises revenue derived from the provision of spraying and coating services to commercial premises.

Tangible fixed assets

Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Improvements to property - 2% on cost

Plant and machinery - 20% on cost

Motor vehicles - 25% on cost

Computer equipment - 25% 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. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

4.	Employees and directors

The average number of employees during the year was 29 (2025 - 20 ) .

5.	Tangible fixed assets

Freehold

Improvements

Plant and

property

to property

machinery

£

£

£

Cost

At 1 April 2025

627,268

915,088

128,524

Additions

-

15,603

2,195

Disposals

(627,268

)

(930,691

)

-

At 31 March 2026

-

-

130,719

Depreciation

At 1 April 2025

-

39,358

60,494

Charge for year

-

18,518

18,473

Eliminated on disposal

-

(57,876

)

-

At 31 March 2026

-

-

78,967

Net book value

At 31 March 2026

-

-

51,752

At 31 March 2025

627,268

875,730

68,030

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 April 2025

402,312

118,120

2,191,312

Additions

25,000

23,149

65,947

Disposals

-

-

(1,557,959

)

At 31 March 2026

427,312

141,269

699,300

Depreciation

At 1 April 2025

295,095

93,726

488,673

Charge for year

43,215

21,958

102,164

Eliminated on disposal

-

-

(57,876

)

At 31 March 2026

338,310

115,684

532,961

Net book value

At 31 March 2026

89,002

25,585

166,339

At 31 March 2025

107,217

24,394

1,702,639

Included in cost of land and buildings is freehold land of £ 627,268 (2025 - £ 627,268 ) which is not depreciated.

6.

Debtors: amounts falling due within one year

2026

2025

£

£

Trade debtors

369,742

329,924

Amounts owed by group undertakings

1,480,013

-

Other debtors

140,445

113,344

1,990,200

443,268

7.

Creditors: amounts falling due within one year

2026

2025

£

£

Bank loans and overdrafts

52,183

49,447

Hire purchase contracts

24,195

17,051

Trade creditors

247,572

209,407

Amounts owed to group undertakings

-

31,760

Taxation and social security

79,580

183,286

Other creditors

47,309

19,980

450,839

510,931

The loan is secured by charge over the freehold property.

Liabilities under hire purchase agreements are secured on the assets to which they relate.

8.

Creditors: amounts falling due after more than one year

2026

2025

£

£

Bank loans

59,817

114,736

Hire purchase contracts

20,371

23,835

80,188

138,571

The loan is secured by charge over the freehold property.

Liabilities under hire purchase agreements are secured on the assets to which they relate.

9.	Other financial commitments

Other financial commitments not included in the balance sheet amounted to £51,901 (2025: £100,358), with £36,596 (2025: £44,840) being due within one year.

10.	Directors' advances, credits and guarantees

At the year end a balance of £55,212 (2025 - £79,384) was owed by the directors to the company. Interest of £304 (2025 - £3,039) was charged on this balance.

11.	Related party disclosures

At the year end the company was owed £1,480,013 (2025: £31,760) by CS Group UK Holdings Ltd. A company under common control. No interest was charged on this loan.

The company leases a premises from the same related party, rent of £16,905 was charged in the year.

During the year the company disposed of a commercial property to the same related party for £1,500,000. This transaction has been deemed to have been undertaken at market rate.

At the year end the company owed £112,000 (2025: £164,183) to a pension scheme of which the directors are trustees. Interest of £4,457 (2025: £9,717) was charged on this balance.