Alliance Painting Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Alliance Painting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08797763 . The registered office is 1A Bonington Road, Mapperley, Nottingham, Nottinghamshire, NG3 5JR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. The amount of revenue can be measured reliably. It is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% straight line
Motor Vehicles	25% straight line
Fixtures Fittings and equipment	25% straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts 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 the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Alliance Painting Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Financial Instruments

A financial asset or a financial liability is recognised only when the company 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.

Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship. 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 or 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.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.9. Cash and Bank

Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

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Alliance Painting Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 35 (2024: 33)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures Fittings and equipment	Total
	£	£	£	£
Cost
As at 1 January 2025	22,894	281,932	16,683	321,509
Additions	3,946	80,135	868	84,949
Disposals	-	(75,295 )	-	(75,295 )

As at 31 December 2025	26,840	286,772	17,551	331,163

Depreciation
As at 1 January 2025	16,524	169,020	11,725	197,269
Provided during the period	3,617	51,335	1,594	56,546
Disposals	-	(64,470 )	-	(64,470 )

As at 31 December 2025	20,141	155,885	13,319	189,345

Net Book Value
As at 31 December 2025	6,699	130,887	4,232	141,818

As at 1 January 2025	6,370	112,912	4,958	124,240

5. Stocks

	31 December 2025	31 December 2024
	£	£
Finished goods	50,000	50,000

6. Debtors

	31 December 2025	31 December 2024
	£	£
Due within one year
Trade debtors	524,727	318,741
Other debtors	14,057	18,209

	538,784	336,950

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Alliance Painting Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Creditors: Amounts Falling Due Within One Year

	31 December 2025	31 December 2024
	£	£
Net obligations under finance lease and hire purchase contracts	55,473	60,780
Trade creditors	146,313	188,343
Bank loans and overdrafts	9,167	10,000
Other creditors	172,572	108,843
Taxation and social security	149,944	74,835

	533,469	442,801

8. Creditors: Amounts Falling Due After More Than One Year

	31 December 2025	31 December 2024
	£	£
Net obligations under finance lease and hire purchase contracts	111,103	96,661
Bank loans	-	9,167

	111,103	105,828

9. Obligations Under Finance Leases and Hire Purchase

	31 December 2025	31 December 2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	55,473	60,780
Later than one year and not later than five years	111,103	96,661

	166,576	157,441

	166,576	157,441

10. Share Capital

	31 December 2025	31 December 2024
	£	£
Allotted, Called up and fully paid	20,750	20,750

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		31 December 2025		31 December 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		141,818		124,240

			141,818		124,240
CURRENT ASSETS
Stocks	5	50,000		50,000
Debtors	6	538,784		336,950
Cash at bank and in hand		278,981		243,259

		867,765		630,209
Creditors: Amounts Falling Due Within One Year	7	(533,469 )		(442,801 )

NET CURRENT ASSETS (LIABILITIES)			334,296		187,408

TOTAL ASSETS LESS CURRENT LIABILITIES			476,114		311,648

Creditors: Amounts Falling Due After More Than One Year	8		(111,103 )		(105,828 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(35,086 )		(30,668 )

NET ASSETS			329,925		175,152

CAPITAL AND RESERVES
Called up share capital	10		20,750		20,750
Profit and Loss Account			309,175		154,402

SHAREHOLDERS' FUNDS			329,925		175,152

Mr Alistair Lord Director	Mr Colin Wild Director
07/07/2026