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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
Page
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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
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TRUE COLOURS PAINTING & FURNITURE LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
59,598 
33,875 
Current assets
Debtors
21,530 
17,159 
Cash at bank and in hand
2,876 
2,918 
24,406 
20,077 
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 
Capital and reserves
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
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TRUE COLOURS PAINTING & FURNITURE LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
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.
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.
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
5 Years
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 
Depreciation
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 
Net book value
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 
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TRUE COLOURS PAINTING & FURNITURE LTD Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,030 
7,159 
Other debtors
8,500 
10,000 
21,530 
17,159 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
(5,495)
10,991 
Trade creditors
30 
- 
Taxes and social security
(3,602)
(1,782)
Other creditors
813 
(21,266)
Loans from directors
200 
200 
(8,054)
(11,857)
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
59,371 
42,934 
Obligations under finance leases and hire purchase contracts
78,221 
15,254 
137,592 
58,188 
8
Average number of employees
During the year the average number of employees was 5 (2022: 3).
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