REGISTERED NUMBER: 05270126 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Coverclad Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T J Quigley

L J Quigley

SECRETARY:

T J Quigley

REGISTERED OFFICE:

Brook House

Moss Grove

Kingswinford

West Midlands

DY6 9HS

REGISTERED NUMBER:

05270126 (England and Wales)

ACCOUNTANTS:

Wilkes Tranter & Co Limited

Brook House

Moss Grove

Kingswinford

West Midlands

DY6 9HS

FIXED ASSETS

Tangible assets

4

78,687

27,630

CURRENT ASSETS

Stocks

3,525

3,525

Debtors

5

188,073

289,860

Cash at bank

54,376

34,167

245,974

327,552

CREDITORS

Amounts falling due within one year

6

(210,219

)

(146,482

)

NET CURRENT ASSETS

35,755

181,070

TOTAL ASSETS LESS CURRENT LIABILITIES

114,442

208,700

CREDITORS

Amounts falling due after more than one year

7

(20,860

)

(2,511

)

PROVISIONS FOR LIABILITIES

(15,625

)

(2,127

)

NET ASSETS

77,957

204,062

CAPITAL AND RESERVES

Called up share capital

104

100

Retained earnings

77,853

203,962

77,957

204,062

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2026 and were signed on its behalf by:

L J Quigley - Director

T J Quigley - Director

1.	STATUTORY INFORMATION

Coverclad Services 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.

Turnover

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

Tangible fixed assets

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

Long leasehold

-

10 years straight line

Fixtures and fittings

-

straight line over 3 years

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Motor

leasehold

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2025

9,589

40,051

64,366

114,006

Additions

5,521

1,573

55,291

62,385

At 31 March 2026

15,110

41,624

119,657

176,391

DEPRECIATION

At 1 April 2025

2,436

38,799

45,141

86,376

Charge for year

1,097

1,117

9,114

11,328

At 31 March 2026

3,533

39,916

54,255

97,704

NET BOOK VALUE

At 31 March 2026

11,577

1,708

65,402

78,687

At 31 March 2025

7,153

1,252

19,225

27,630

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

116,983

190,596

Other debtors

71,090

99,264

188,073

289,860

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

1,769

10,468

Hire purchase contracts

7,362

8,608

Trade creditors

61,510

53,589

Taxation and social security

48,804

60,615

Other creditors

90,774

13,202

210,219

146,482

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

1,769

Hire purchase contracts

20,860

742

20,860

2,511

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

1,769

12,237

The bank loan is secured by a fixed and floating charge over the company's assets.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company made a loan to the directors, L J Quigley and T J Quigley. The loan was unsecured and repayable on demand. The maximum amount outstanding during the year was £77,004. Interest was charged at the official rate of interest. The amount outstanding at 31 March 2026 was £64,366 (2025 - £68,011).