Company Registration No. 09591784 (England and Wales)
TRUE COLOURS PAINTING & FURNITURE LTD
Unaudited accounts
for the year ended 31 May 2023
TRUE COLOURS PAINTING & FURNITURE LTD
Unaudited accounts
Contents
TRUE COLOURS PAINTING & FURNITURE LTD
Company Information
for the year ended 31 May 2023
Directors
Mariusz HADRYS
Izabela HADRYS
Maksymilian BELZ
Company Number
09591784 (England and Wales)
Registered Office
UNIT 5B MAIN DRIVE
EAST LANE BUSINESS PARK
WEMBLEY
MIDDLESEX
HA9 7NA
UNITED KINGDOM
TRUE COLOURS PAINTING & FURNITURE LTD
Statement of financial position
as at 31 May 2023
Tangible assets
59,598
33,875
Cash at bank and in hand
2,876
2,918
Creditors: amounts falling due within one year
8,054
11,857
Net current assets
32,460
31,934
Total assets less current liabilities
92,058
65,809
Creditors: amounts falling due after more than one year
(137,592)
(58,188)
Net (liabilities)/assets
(45,534)
7,621
Called up share capital
100
100
Profit and loss account
(45,634)
7,521
Shareholders' funds
(45,534)
7,621
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 9 January 2024 and were signed on its behalf by
Mariusz HADRYS
Director
Company Registration No. 09591784
TRUE COLOURS PAINTING & FURNITURE LTD
Notes to the Accounts
for the year ended 31 May 2023
TRUE COLOURS PAINTING & FURNITURE LTD is a private company, limited by shares, registered in England and Wales, registration number 09591784. The registered office is UNIT 5B MAIN DRIVE, EAST LANE BUSINESS PARK, WEMBLEY, MIDDLESEX, HA9 7NA, 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.
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:
Fixtures & fittings
5 Years
Computer equipment
4 Years
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 June 2022
11,216
17,470
39,841
13,866
82,393
Additions
-
48,482
5,400
4,686
58,568
At 31 May 2023
11,216
65,952
45,241
18,552
140,961
At 1 June 2022
10,915
4,368
20,037
13,198
48,518
Charge for the year
300
14,064
16,067
2,414
32,845
At 31 May 2023
11,215
18,432
36,104
15,612
81,363
At 31 May 2023
1
47,520
9,137
2,940
59,598
At 31 May 2022
301
13,102
19,804
668
33,875
TRUE COLOURS PAINTING & FURNITURE LTD
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
Trade debtors
13,030
7,159
Other debtors
8,500
10,000
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
(3,602)
(1,782)
Other creditors
813
(21,266)
Loans from directors
200
200
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
78,221
15,254
8
Average number of employees
During the year the average number of employees was 5 (2022: 3).