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Company Registration No. 14100796 (England and Wales)
PICASSO DESIGN GROUP LIMITED Unaudited accounts for the period from 11 May 2022 to 31 May 2023
PICASSO DESIGN GROUP LIMITED Unaudited accounts Contents
Page
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PICASSO DESIGN GROUP LIMITED Company Information for the period from 11 May 2022 to 31 May 2023
Director
Ewa Kozlowska
Company Number
14100796 (England and Wales)
Registered Office
12 Holyhead Close London E6 5YN United Kingdom
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PICASSO DESIGN GROUP LIMITED Statement of financial position as at 31 May 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
4,993 
Current assets
Debtors
9,000 
Cash at bank and in hand
17,896 
26,896 
Creditors: amounts falling due within one year
(91,865)
Net current liabilities
(64,969)
Net liabilities
(59,976)
Capital and reserves
Called up share capital
1 
Profit and loss account
(59,977)
Shareholders' funds
(59,976)
For the period 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 director acknowledges her 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 6 February 2024 and were signed on its behalf by
Ewa Kozlowska Director Company Registration No. 14100796
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PICASSO DESIGN GROUP LIMITED Notes to the Accounts for the period from 11 May 2022 to 31 May 2023
1
Statutory information
PICASSO DESIGN GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14100796. The registered office is 12 Holyhead Close, London, E6 5YN, 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 period, 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:
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 11 May 2022
- 
- 
- 
Additions
1,824 
5,437 
7,261 
At 31 May 2023
1,824 
5,437 
7,261 
Depreciation
Charge for the period
456 
1,812 
2,268 
At 31 May 2023
456 
1,812 
2,268 
Net book value
At 31 May 2023
1,368 
3,625 
4,993 
5
Debtors
2023 
£ 
Amounts falling due within one year
Other debtors
9,000 
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PICASSO DESIGN GROUP LIMITED Notes to the Accounts for the period from 11 May 2022 to 31 May 2023
6
Creditors: amounts falling due within one year
2023 
£ 
VAT
13,865 
Trade creditors
68,598 
Taxes and social security
(138)
Loans from directors
900 
Accruals
8,640 
91,865 
7
Transactions with related parties
The total loan made advanced to Ewa Kozlowska , the director of the company amounts to £9,000. This loan is repayable on demand and subject to interest at 3% per annum. The loan remains outstanding as of the balance sheet date.
8
Average number of employees
During the period the average number of employees was 4.
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