REGISTERED NUMBER: 12223128 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

FOR

ABSOLUTE WATERPROOFING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S D Burge

E Davidson

A Mcmanus

REGISTERED OFFICE:

Jubilee Works Gorsey Lane

Coleshill

Birmingham

B46 1JU

REGISTERED NUMBER:

12223128 (England and Wales)

FIXED ASSETS

Tangible assets

4

204,564

219,133

Investments

5

24,871

24,871

229,435

244,004

CURRENT ASSETS

Stocks

333,373

391,779

Debtors

6

2,340,441

2,416,521

Cash at bank

102,041

40,096

2,775,855

2,848,396

CREDITORS

Amounts falling due within one year

7

2,622,694

2,096,857

NET CURRENT ASSETS

153,161

751,539

TOTAL ASSETS LESS CURRENT LIABILITIES

382,596

995,543

CREDITORS

Amounts falling due after more than one year

8

(95,017

)

(170,912

)

PROVISIONS FOR LIABILITIES

(51,141

)

(54,784

)

NET ASSETS

236,438

769,847

CAPITAL AND RESERVES

Called up share capital

142

99

Capital redemption reserve

33

-

Retained earnings

236,263

769,748

236,438

769,847

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2026 and were signed on its behalf by:

E Davidson - Director

S D Burge - Director

1.	STATUTORY INFORMATION

Absolute Waterproofing 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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover

Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to properties

-

Over 10 years

Plant & machinery

-

25% on reducing balance

Fixtures & fittings

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2025 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant &

Fixtures

properties

machinery

& fittings

£

£

£

COST

At 1 July 2025

5,128

43,358

15,902

Additions

-

12,000

1,571

At 30 June 2026

5,128

55,358

17,473

DEPRECIATION

At 1 July 2025

385

19,438

8,905

Charge for year

512

8,230

1,978

At 30 June 2026

897

27,668

10,883

NET BOOK VALUE

At 30 June 2026

4,231

27,690

6,590

At 30 June 2025

4,743

23,920

6,997

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 July 2025

263,312

21,989

349,689

Additions

20,722

2,682

36,975

At 30 June 2026

284,034

24,671

386,664

DEPRECIATION

At 1 July 2025

91,154

10,674

130,556

Charge for year

38,230

2,594

51,544

At 30 June 2026

129,384

13,268

182,100

NET BOOK VALUE

At 30 June 2026

154,650

11,403

204,564

At 30 June 2025

172,158

11,315

219,133

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 July 2025

and 30 June 2026

24,871

NET BOOK VALUE

At 30 June 2026

24,871

At 30 June 2025

24,871

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

1,612,028

1,393,843

Amounts owed by participating interests

440,603

640,422

Other debtors

287,810

382,256

2,340,441

2,416,521

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

45,833

160,603

Hire purchase contracts (see note 9)

43,710

48,872

Trade creditors

1,610,162

1,657,008

Amounts owed to group undertakings

-

436

Amounts owed to participating interests

96,709

-

Taxation and social security

139,609

94,227

Other creditors

686,671

135,711

2,622,694

2,096,857

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

45,833

Hire purchase contracts (see note 9)

95,017

125,079

95,017

170,912

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

43,710

48,872

Between one and five years

95,017

125,079

138,727

173,951

Non-cancellable

operating leases

2026

2025

£

£

Within one year

70,328

70,409

Between one and five years

70,730

-

141,058

70,409

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

45,833

206,436

Hire purchase contracts

138,727

173,951

184,560

380,387