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Company Registration No. 12482787 (England and Wales)
Painting Lab Ltd Unaudited accounts for the year ended 28 February 2022
Painting Lab Ltd Unaudited accounts Contents
Page
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Painting Lab Ltd Company Information for the year ended 28 February 2022
Director
Tomas Edmund Georgeson
Company Number
12482787 (England and Wales)
Registered Office
85 Gt Portland Street First Floor London W1W 7LT
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Painting Lab Ltd Statement of financial position as at 28 February 2022
2022 
Notes
£ 
Fixed assets
Tangible assets
711 
Current assets
Inventories
39 
Cash at bank and in hand
72 
111 
Creditors: amounts falling due within one year
(15,731)
Net current liabilities
(15,620)
Net liabilities
(14,909)
Capital and reserves
Called up share capital
1,000 
Profit and loss account
(15,909)
Shareholders' funds
(14,909)
For the year ending 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 August 2022 and were signed on its behalf by
Tomas Edmund Georgeson Director Company Registration No. 12482787
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Painting Lab Ltd Notes to the Accounts for the year ended 28 February 2022
1
Statutory information
Painting Lab Ltd is a private company, limited by shares, registered in England and Wales, registration number 12482787. The registered office is 85 Gt Portland Street, First Floor, London, W1W 7LT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% depreciation on a straight line basis
Plant & machinery
25% depreciation on a straight line basis
Motor vehicles
25% depreciation on a straight line basis
Fixtures & fittings
25% depreciation on a straight line basis
Computer equipment
25% depreciation on a straight line basis
Other tangible fixed assets
25% depreciation on a straight line basis
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2021
1,423 
At 28 February 2022
1,423 
Depreciation
At 1 March 2021
288 
Charge for the year
424 
At 28 February 2022
712 
Net book value
At 28 February 2022
711 
5
Creditors: amounts falling due within one year
2022 
£ 
Loans from directors
15,731 
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Painting Lab Ltd Notes to the Accounts for the year ended 28 February 2022
6
Average number of employees
During the year the average number of employees was 0.
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