Company Registration No. 07693173 (England and Wales)
Paint and Body ARS Ltd
Unaudited accounts
for the year ended 31 March 2023
Paint and Body ARS Ltd
Unaudited accounts
Contents
Paint and Body ARS Ltd
Company Information
for the year ended 31 March 2023
Company Number
07693173 (England and Wales)
Registered Office
Unit 6 Chaffinch Business Park
Croydon Road
Beckenham
BR3 4AA
Accountants
Blythe & Co
41 Oldfields Road
Sutton
Surrey
SM1 2NB
Paint and Body ARS Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
63,729
61,356
Inventories
125,575
143,345
Cash at bank and in hand
83,024
111,636
Creditors: amounts falling due within one year
(217,857)
(229,406)
Net current assets
174,128
160,846
Total assets less current liabilities
237,857
222,202
Creditors: amounts falling due after more than one year
(116,712)
(154,971)
Called up share capital
300
300
Profit and loss account
120,845
66,931
Shareholders' funds
121,145
67,231
For the year ending 31 March 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 17 April 2023 and were signed on its behalf by
George Georgiou
Director
Company Registration No. 07693173
Paint and Body ARS Ltd
Notes to the Accounts
for the year ended 31 March 2023
Paint and Body ARS Ltd is a private company, limited by shares, registered in England and Wales, registration number 07693173. The registered office is Unit 6 Chaffinch Business Park, Croydon Road, Beckenham, BR3 4AA.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Motor vehicles
25% on cost
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
66,166
205,314
21,586
358
293,424
Additions
11,857
35,859
-
-
47,716
Disposals
-
(146,254)
-
-
(146,254)
At 31 March 2023
78,023
94,919
21,586
358
194,886
At 1 April 2022
30,656
180,575
20,659
178
232,068
Charge for the year
16,053
12,428
272
90
28,843
On disposals
-
(129,754)
-
-
(129,754)
At 31 March 2023
46,709
63,249
20,931
268
131,157
At 31 March 2023
31,314
31,670
655
90
63,729
At 31 March 2022
35,510
24,739
927
180
61,356
Paint and Body ARS Ltd
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
183,386
135,271
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
59,586
100,006
Taxes and social security
145,126
123,569
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
116,712
154,971
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
100 Ordinary B Shares of £1 each
100
100
100 Ordinary C Shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 30 (2022: 32).