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Company Registration No. 12418108 (England and Wales)
Blana Painting & Decorating Ltd Unaudited accounts for the year ended 31 January 2023
Blana Painting & Decorating Ltd Unaudited accounts Contents
Page
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Blana Painting & Decorating Ltd Company Information for the year ended 31 January 2023
Director
Elton Blana
Company Number
12418108 (England and Wales)
Registered Office
826C GREEN LANES LONDON N21 2RT UNITED KINGDOM
Accountants
Agents For Accounting Ltd Apex House, 2nd Floor Grand Arcade London N12 0EH
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Blana Painting & Decorating Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,406 
8,541 
Current assets
Debtors
12,039 
4,554 
Cash at bank and in hand
19,705 
5,057 
31,744 
9,611 
Creditors: amounts falling due within one year
(33,461)
(9,701)
Net current liabilities
(1,717)
(90)
Total assets less current liabilities
4,689 
8,451 
Creditors: amounts falling due after more than one year
(2,070)
(4,867)
Provisions for liabilities
Deferred tax
(1,217)
(1,623)
Net assets
1,402 
1,961 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,302 
1,861 
Shareholders' funds
1,402 
1,961 
For the year ending 31 January 2023 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 23 August 2023 and were signed on its behalf by
Elton Blana Director Company Registration No. 12418108
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Blana Painting & Decorating Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Blana Painting & Decorating Ltd is a private company, limited by shares, registered in England and Wales, registration number 12418108. The registered office is 826C GREEN LANES, LONDON, N21 2RT, UNITED KINGDOM.
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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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:
Plant & machinery
Straight Line Method -20%
Motor vehicles
Straight Line Method -20%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
656 
10,020 
10,676 
At 31 January 2023
656 
10,020 
10,676 
Depreciation
At 1 February 2022
131 
2,004 
2,135 
Charge for the year
131 
2,004 
2,135 
At 31 January 2023
262 
4,008 
4,270 
Net book value
At 31 January 2023
394 
6,012 
6,406 
At 31 January 2022
525 
8,016 
8,541 
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Blana Painting & Decorating Ltd Notes to the Accounts for the year ended 31 January 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
12,039 
4,554 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
24,019 
- 
VAT
29 
- 
Obligations under finance leases and hire purchase contracts
2,797 
2,427 
Taxes and social security
12,143 
5,707 
Other creditors
- 
967 
Loans from directors
(6,127)
- 
Accruals
600 
600 
33,461 
9,701 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
2,070 
4,867 
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
9
Loans to directors
During the year, director owed £6,127 to the company.
10
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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