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REGISTERED NUMBER: 01421980 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

M E PERRINS (COMMERCIAL VEHICLE
PAINTERS) LIMITED

M E PERRINS (COMMERCIAL VEHICLE
PAINTERS) LIMITED (REGISTERED NUMBER: 01421980)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


M E PERRINS (COMMERCIAL VEHICLE
PAINTERS) LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2023







DIRECTORS: M E Perrins
N Perrins





REGISTERED OFFICE: Unit 6
Bloomsbury Street
Wolverhampton
West Midlands
WV2 4BS





REGISTERED NUMBER: 01421980 (England and Wales)





ACCOUNTANTS: Wright & Co Partnership Limited
Chartered Accountants
5 Walsall Street
Wednesbury
West Midlands
WS10 9BZ

M E PERRINS (COMMERCIAL VEHICLE
PAINTERS) LIMITED (REGISTERED NUMBER: 01421980)

ABRIDGED BALANCE SHEET
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,537 2,595

CURRENT ASSETS
Debtors 36,785 29,648
Cash at bank and in hand 212,784 229,862
249,569 259,510
CREDITORS
Amounts falling due within one year 228,784 220,231
NET CURRENT ASSETS 20,785 39,279
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,322

41,874

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 5 144,302 144,302
Retained earnings (119,080 ) (102,528 )
SHAREHOLDERS' FUNDS 25,322 41,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2023 and were signed on its behalf by:





M E Perrins - Director


M E PERRINS (COMMERCIAL VEHICLE
PAINTERS) LIMITED (REGISTERED NUMBER: 01421980)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

M E Perrins (Commercial Vehicle Painters) 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.

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 as modified by the revaluation of certain assets.

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 & machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

M E PERRINS (COMMERCIAL VEHICLE
PAINTERS) LIMITED (REGISTERED NUMBER: 01421980)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 June 2022 97,589
Additions 2,766
At 31 May 2023 100,355
DEPRECIATION
At 1 June 2022 94,994
Charge for year 824
At 31 May 2023 95,818
NET BOOK VALUE
At 31 May 2023 4,537
At 31 May 2022 2,595

Cost or valuation at 31 May 2023 is represented by:

Totals
£   
Valuation in 2011 144,302
Cost (43,947 )
100,355

If Freehold property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 40,698 40,698

Freehold property was valued on an open market basis on 30 November 2011 by Stephen Berg Associates .

5. RESERVES
Revaluation
reserve
£   
At 1 June 2022
and 31 May 2023 144,302