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REGISTERED NUMBER: 06773341 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

P&I Decorator Ltd

P&I Decorator Ltd (Registered number: 06773341)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P&I Decorator Ltd

Company Information
for the Year Ended 31 December 2022







DIRECTOR: Mr I Palade





SECRETARY: Mrs I Burulea





REGISTERED OFFICE: 16 Denbigh Road
London
E6 3LD





REGISTERED NUMBER: 06773341 (England and Wales)





ACCOUNTANTS: E Johnson & Associates
Chartered Certified Accountants
637 Green Lanes
London
N8 0RE

P&I Decorator Ltd (Registered number: 06773341)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 194 259

CURRENT ASSETS
Debtors 5 6,203 7,026
Cash at bank 1,232 1,918
7,435 8,944
CREDITORS
Amounts falling due within one year 6 17,459 8,935
NET CURRENT (LIABILITIES)/ASSETS (10,024 ) 9
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,830

)

268

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 (9,930 ) 168
SHAREHOLDERS' FUNDS (9,830 ) 268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 September 2023 and were signed by:





Mr I Palade - Director


P&I Decorator Ltd (Registered number: 06773341)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

P&I Decorator Ltd 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
The financial statements have been prepared on the going concern basis. This assumes that the company will continue in operational existence for the foreseeable future.
At the balance sheet date, the company's liabilities for the period ending 31 December 2022 exceed its assets. The director of the company has sought assurance from the creditors that their debts will not be called in within the next twelve months.
The director has been therefore deemed it appropriate that the financial statements be prepared on the going concern basis.

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.
Plant and machinery - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

P&I Decorator Ltd (Registered number: 06773341)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2022
and 31 December 2022 6,680
DEPRECIATION
At 1 January 2022 6,421
Charge for year 65
At 31 December 2022 6,486
NET BOOK VALUE
At 31 December 2022 194
At 31 December 2021 259

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Tax recoverable 6,203 7,026

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 628 216
Corporation tax - 1,047
Wages control account 2,000 1,400
Directors' current accounts 14,806 6,252
Accrued expenses 25 20
17,459 8,935

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 January 2022 168
Deficit for the year (10,098 )
At 31 December 2022 (9,930 )

P&I Decorator Ltd (Registered number: 06773341)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

9. RELATED PARTY DISCLOSURES

During the year, no dividend was paid to the director.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr I Palade.

By virtue of being the sole director of the company and controls 100% of the ordinary share capital of the company.