Salopian Maintenance Ltd

	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—7

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 January 2024	200	135,589	135,789
Profit for the year and total comprehensive income	-	193,340	193,340

Dividends paid	-	(148,000)	(148,000)

As at 31 December 2024 and 1 January 2025	200	180,929	181,129


Loss for the year and total comprehensive income	-	(30,364 )	(30,364)

Dividends paid	-	(40,000)	(40,000)

As at 31 December 2025	200	110,565	110,765

1. General Information

Salopian Maintenance Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07387262 . The registered office is Unit 47a, Atcham Business Park, Shrewsbury, Shropshire, SY4 4UG.

The financial statements are presented in pound sterling (£) and rounded to the nearest whole £.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 and from the rendering of services. 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.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated 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	20% Reducing balance
Motor Vehicles	25% Reducing balance
Fixtures & Fittings	25% Reducing balance
Computer Equipment	25% Reducing balance

2.4. 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.

2.5. 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 year 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.

...CONTINUED

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Salopian Maintenance Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Taxation - continued

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

2.6. 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.

2.7. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2024: 14)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2025	25,512	364,782	26,249	9,706	426,249
Additions	7,858	-	-	1,855	9,713

As at 31 December 2025	33,370	364,782	26,249	11,561	435,962

Depreciation
As at 1 January 2025	7,078	156,359	22,247	4,093	189,777
Provided during the period	5,956	52,106	1,001	1,503	60,566

As at 31 December 2025	13,034	208,465	23,248	5,596	250,343

Net Book Value
As at 31 December 2025	20,336	156,317	3,001	5,965	185,619

As at 1 January 2025	18,434	208,423	4,002	5,613	236,472

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Salopian Maintenance Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Plant & Machinery	9,811	13,081
Motor Vehicles	86,001	88,651

	95,812	101,732

5. Stocks

	2025	2024
	£	£
Materials	22,009	7,110

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	282,156	100,437
Other debtors	138,520	28,141

	420,676	128,578

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	20,801	27,135
Trade creditors	164,906	127,417
Bank loans and overdrafts	100,932	10,000
Amounts owed to group undertakings	9,200	18,700
Other creditors	115,396	161,781
Taxation and social security	135,962	96,627

	547,197	441,660

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	30,015	38,294
Bank loans	-	9,166

	30,015	47,460

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Salopian Maintenance Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	20,801	27,135
Later than one year and not later than five years	30,015	38,294

	50,816	65,429

	50,816	65,429

10. Deferred Taxation

The provision for deferred taxation is made up of accelerated capital allowances.

	2025	2024
	£	£
Other timing differences	46,154	58,783

12. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	12,950	12,950
Later than one year and not later than five years	51,800	51,800
Later than five years	-	12,950

	64,750	77,700

13. Pension Commitments

The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

At the balance sheet date unpaid contributions of £320 (2024: £332) were due to the fund. They are included in Other Creditors.

14. Related Party Transactions

Included within amounts owed to group undertakings is a balance of £9,200 (2024: £18,700) owed to the parent company. No interest has been charged on this amount and there were no conditions attached.

15. Controlling Party

The ultimate controlling party is the shareholders of Salopian Limited, a company incorporation in England & Wales. The parent company has taken advantage of the exemptions provided by section 398 of the Companies Act 2006 not to prepare group accounts.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		185,619		236,472

			185,619		236,472
CURRENT ASSETS
Stocks	5	22,009		7,110
Debtors	6	420,676		128,578
Cash at bank and in hand		105,827		356,872

		548,512		492,560
Creditors: Amounts Falling Due Within One Year	7	(547,197 )		(441,660 )

NET CURRENT ASSETS (LIABILITIES)			1,315		50,900

TOTAL ASSETS LESS CURRENT LIABILITIES			186,934		287,372

Creditors: Amounts Falling Due After More Than One Year	8		(30,015 )		(47,460 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	10		(46,154 )		(58,783 )

NET ASSETS			110,765		181,129

CAPITAL AND RESERVES
Called up share capital	11		200		200
Profit and Loss Account			110,565		180,929

SHAREHOLDERS' FUNDS			110,765		181,129