REGISTERED NUMBER: 05413616 (England and Wales)

PROLINE SPECIALIST FINISHING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

G Jones

SECRETARY:

Mrs L J Jones

REGISTERED OFFICE:

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

REGISTERED NUMBER:

05413616 (England and Wales)

ACCOUNTANTS:

Phipps Henson McAllister

Chartered Accountants

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

154,246

132,652

154,246

132,652

CURRENT ASSETS

Stocks

72,727

47,676

Debtors

6

36,354

5,259

Cash at bank

16,020

45,631

125,101

98,566

CREDITORS

Amounts falling due within one year

7

207,825

155,184

NET CURRENT LIABILITIES

(82,724

)

(56,618

)

TOTAL ASSETS LESS CURRENT LIABILITIES

71,522

76,034

CREDITORS

Amounts falling due after more than one year

8

(13,701

)

(18,077

)

PROVISIONS FOR LIABILITIES

(15,079

)

(2,974

)

NET ASSETS

42,742

54,983

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

42,740

54,981

SHAREHOLDERS' FUNDS

42,742

54,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 August 2025 and were signed by:

G Jones - Director

1.	STATUTORY INFORMATION

Proline Specialist Finishing 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold property

-

2.5% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office Equipment

-

15% 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 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.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

17,000

AMORTISATION

At 1 April 2024

and 31 March 2025

17,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

162,500

34,267

18,473

Additions

-

65,991

-

Grants

-

(32,350

)

-

At 31 March 2025

162,500

67,908

18,473

DEPRECIATION

At 1 April 2024

45,500

29,949

10,153

Charge for year

3,250

6,681

1,361

At 31 March 2025

48,750

36,630

11,514

NET BOOK VALUE

At 31 March 2025

113,750

31,278

6,959

At 31 March 2024

117,000

4,318

8,320

Motor

Office

vehicles

Equipment

Totals

£

£

£

COST

At 1 April 2024

12,260

4,259

231,759

Additions

-

-

65,991

Grants

-

-

(32,350

)

At 31 March 2025

12,260

4,259

265,400

DEPRECIATION

At 1 April 2024

10,078

3,427

99,107

Charge for year

546

209

12,047

At 31 March 2025

10,624

3,636

111,154

NET BOOK VALUE

At 31 March 2025

1,636

623

154,246

At 31 March 2024

2,182

832

132,652

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

34,412

3,437

Prepayments and accrued income

1,942

1,822

36,354

5,259

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

12,256

11,398

Trade creditors

7,815

7,139

Taxation and social security

28,754

11,690

Other creditors

159,000

124,957

207,825

155,184

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

13,701

18,077

Amounts falling due in more than five years:

Repayable by instalments

Bank Loan due in 2-5 yrs

8,195

6,679

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2