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REGISTERED NUMBER: 11061886 (England and Wales)



































Unaudited Financial Statements

for the Period

1 October 2021 to 31 December 2022

for

Natural Paint UK Limited

Natural Paint UK Limited (Registered number: 11061886)






Contents of the Financial Statements
for the Period 1 October 2021 to 31 December 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Natural Paint UK Limited

Company Information
for the Period 1 October 2021 to 31 December 2022







DIRECTORS: E A M Bulmer
Mrs E K Bulmer
Mrs A Tapp





SECRETARY: Mrs E K Bulmer





REGISTERED OFFICE: Court Of Noke
Pembridge
Leominster
Herefordshire
HR6 9HW





REGISTERED NUMBER: 11061886 (England and Wales)





ACCOUNTANTS: Thorne Widgery Accountancy Ltd
Chartered Accountants
2 Wyevale Business Park
Kings Acre
Hereford
Herefordshire
HR4 7BS

Natural Paint UK Limited (Registered number: 11061886)

Abridged Balance Sheet
31 December 2022

31.12.22 30.9.21
Notes £    £   
FIXED ASSETS
Intangible assets 4 26,795 30,583
Tangible assets 5 224,268 179,052
251,063 209,635

CURRENT ASSETS
Stocks 184,364 249,238
Debtors 109,077 50,323
Cash at bank and in hand 66,898 13,214
360,339 312,775
CREDITORS
Amounts falling due within one year (680,075 ) (390,385 )
NET CURRENT LIABILITIES (319,736 ) (77,610 )
TOTAL ASSETS LESS CURRENT LIABILITIES (68,673 ) 132,025

CREDITORS
Amounts falling due after more than one
year

(39,401

)

(56,352

)

PROVISIONS FOR LIABILITIES (27,112 ) (12,763 )
NET (LIABILITIES)/ASSETS (135,186 ) 62,910

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (135,286 ) 62,810
(135,186 ) 62,910

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2022 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.

Natural Paint UK Limited (Registered number: 11061886)

Abridged Balance Sheet - continued
31 December 2022


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 period ended 31 December 2022 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 27 November 2023 and were signed on its behalf by:





Mrs E K Bulmer - Director


Natural Paint UK Limited (Registered number: 11061886)

Notes to the Financial Statements
for the Period 1 October 2021 to 31 December 2022

1. STATUTORY INFORMATION

Natural Paint UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

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 etc - 33% on cost, 20% on cost and 5% on cost

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Natural Paint UK Limited (Registered number: 11061886)

Notes to the Financial Statements - continued
for the Period 1 October 2021 to 31 December 2022

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors and bank loans, that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation
Taxation for the period 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 period 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.

Natural Paint UK Limited (Registered number: 11061886)

Notes to the Financial Statements - continued
for the Period 1 October 2021 to 31 December 2022

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 19 (2021 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2021 46,643
Additions 13,340
At 31 December 2022 59,983
AMORTISATION
At 1 October 2021 16,060
Amortisation for period 17,128
At 31 December 2022 33,188
NET BOOK VALUE

At 31 December 2022 26,795
At 30 September 2021 30,583

Natural Paint UK Limited (Registered number: 11061886)

Notes to the Financial Statements - continued
for the Period 1 October 2021 to 31 December 2022

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2021 206,129
Additions 89,412
At 31 December 2022 295,541
DEPRECIATION
At 1 October 2021 27,077
Charge for period 44,196
At 31 December 2022 71,273
NET BOOK VALUE
At 31 December 2022 224,268
At 30 September 2021 179,052

6. LOANS

An analysis of the maturity of loans is given below:

31.12.22 30.9.21
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,648 9,528

Amounts falling due between one and two years:
Bank loans - 1-2 years 24,990 38,113

The bank loan is secured by a fixed and floating charge over all property and undertakings of the company registered on 29 June 2021.

7. RELATED PARTY DISCLOSURES

During the year Edward Bulmer Limited (a company related by common control) charged consultancy fees to the company of £52,500 (2021: £56,350) and office support costs of £15,000 (2021: £3,000). At 31 December 2022 an amount was owed to Edward Bulmer Ltd of £141,490 (2021: £115,511). In addition there is a balance owed to Edward Bulmer Limited of £3,108 (2021: £nil) included in trade creditors.