PAINT RITE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Company Registration Number SC500350 (Scotland)
PAGES FOR FILING WITH REGISTRAR
PAINT RITE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2022
31 March 2022
- 1 -
2022
2021
£
£
£
£
Fixed assets
13,307
3,768
Current assets
71,451
61,884
Prepayments and accrued income
377
Creditors: amounts falling due within one year
(33,437)
(28,750)
Net current assets
38,391
33,134
Total assets less current liabilities
51,698
36,902
Creditors: amounts falling due after more than one year
(38,202)
(36,000)
Net assets
13,496
902
Capital and reserves
13,496
902
Notes to the financial statements
1
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2022
2021
Number
Number
Employees
1
1
2
Director's benefits: advances, credit and guarantees
Included in current assets is £20,215 (2021 - £19,083) owed to the company by the director. This amount has been repaid within nine months and does not bear any interest.
Paint Rite Limited is a private company limited by shares incorporated in Scotland. The registered office is 10 Tarbolton Road, Dundonald, Ayrshire, KA2 9HQ.
For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
PAINT RITE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2022
31 March 2022
- 2 -
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 20 July 2022
Mr Lindsay McLardy
Director
Company Registration Number SC500350