Steve_Wood_Plastering_Contractors_Ltd_31_Dec_2025_companies_house_set_of

Steve Wood Plastering Contractors Limited

Statement of Financial Position

31 December 2025

		2025		2024
	Note	£		£
Fixed assets
Tangible assets	6	93,244		96,707
Investments	7	132,283		-
		225,527		96,707
Current assets
Debtors	8	54,157		34,078
Cash at bank and in hand		279,242		439,850
		333,399		473,928
Creditors: amounts falling due within one year	9	(97,746	)	(60,538	)
Net current assets		235,653		413,390
Total assets less current liabilities		461,180		510,097
Provisions for liabilities		(1,479	)	(2,410	)
Net assets		459,701		507,687
Capital and reserves
Called up share capital		1		1
Profit and loss account		459,700		507,686
Shareholders funds		459,701		507,687

For the year ending

31 December 2025

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

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.

These

financial statements

were approved by the board of directors and authorised for issue on

24 September 2026

, and are signed on behalf of the board by:

D Wood

Director

Company registration number:

06000569

Steve Wood Plastering Contractors Limited

Notes to the Financial Statements

Year ended

31 December 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

14 Farlesthorpe Road

Alford

Lincolnshire

LN13 9PS

, England.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods and services supplied, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.

Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount 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 capital and reserves. However, the increase is recognised in profit or loss to the extent that 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 capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

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

Land and buildings	Not depreciated
Plant and machinery	15% reducing balance
Fixtures, fittings and equipment	33% straight line
Motor vehicles	25% reducing balance

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Fixed asset investments

Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in .

All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was

(2024:

3.00

5 Intangible assets

	Goodwill
	£
Cost
At 1 January 2025 and 31 December 2025	30,000
Amortisation
At 1 January 2025 and 31 December 2025	30,000
Carrying amount
At 31 December 2025	-
At 31 December 2024	-

6 Tangible assets

	Land and buildings	Plant and machinery etc.		Total
	£	£		£
Cost
At 1 January 2025	85,668	64,824		150,492
Additions	-	708		708
Disposals	-	(16,081	)	(16,081	)
At 31 December 2025	85,668	49,451		135,119
Depreciation
At 1 January 2025	-	53,785		53,785
Charge	-	2,290		2,290
Disposals	-	(14,200	)	(14,200	)
At 31 December 2025	-	41,875		41,875
Carrying amount
At 31 December 2025	85,668	7,576		93,244
At 31 December 2024	85,668	11,039		96,707

Investment property

Included in land and buildings are the following amounts in relation to investment properties:

	2025
	£
Carrying amount at 1 January 2025	0.00
Additions	132,283
Carrying amount at 31 December 2025	132,283

7 Investments

	Other investments other than loans
	£
Cost
At 1 January 2025	-
Additions	132,283
At 31 December 2025	132,283
Impairment
At 1 January 2025 and 31 December 2025	-
Carrying amount
At 31 December 2025	132,283
At 31 December 2024	-

Investments held at valuation

In respect of fixed asset investments held at valuation, the comparable amounts that would have been recognised if the assets had been carried under the historical cost model are as follows:

	2025	2024
	Other investments other than loans	Other investments other than loans
	£	£
Aggregate historical cost	132,283	-
Carrying amount	132,283	-

8 Debtors

	2025	2024
	£	£
Trade debtors	51,827	31,901
Other debtors	2,330	2,177
	54,157	34,078

9 Creditors: amounts falling due within one year

	2025	2024
	£	£
Taxation and social security	15,668	25,714
Other creditors	82,078	34,824
	97,746	60,538

10 Guarantees and other financial commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £764 (2025: £753). Contributions amounting to £Nil (2025: £Nil) were outstanding at the end period.