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REGISTERED NUMBER: 00244358 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 OCTOBER 2023

FOR

H.J. PAINTIN LIMITED

H.J. PAINTIN LIMITED (REGISTERED NUMBER: 00244358)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


H.J. PAINTIN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: R D Paintin
Mrs S E Paintin
Miss S E Paintin
Miss R A Paintin
M D Paintin





SECRETARY: Mrs S E Paintin





REGISTERED OFFICE: 43 High Street
Linton
Cambridge
CB21 4HS





REGISTERED NUMBER: 00244358 (England and Wales)





ACCOUNTANTS: Bentens
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
H.J. PAINTIN LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of H.J. Paintin Limited for the year ended 31 October 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of H.J. Paintin Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of H.J. Paintin Limited and state those matters that we have agreed to state to the Board of Directors of H.J. Paintin Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that H.J. Paintin Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of H.J. Paintin Limited. You consider that H.J. Paintin Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of H.J. Paintin Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bentens
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF


22 July 2024

H.J. PAINTIN LIMITED (REGISTERED NUMBER: 00244358)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 559,319 562,942
559,319 562,942

CURRENT ASSETS
Stocks 6 127,095 242,959
Debtors 7 200,800 138,070
Cash at bank and in hand 4,937 313
332,832 381,342
CREDITORS
Amounts falling due within one year 8 332,420 330,675
NET CURRENT ASSETS 412 50,667
TOTAL ASSETS LESS CURRENT
LIABILITIES

559,731

613,609

CREDITORS
Amounts falling due after more than one
year

9

(125,686

)

(146,473

)

PROVISIONS FOR LIABILITIES 10 (4,968 ) (4,137 )
NET ASSETS 429,077 462,999

CAPITAL AND RESERVES
Called up share capital 11 12,200 12,200
Capital redemption reserve 12 12,200 12,200
Retained earnings 12 404,677 438,599
SHAREHOLDERS' FUNDS 429,077 462,999

H.J. PAINTIN LIMITED (REGISTERED NUMBER: 00244358)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 22 July 2024 and were signed on its behalf by:




R D Paintin - Director



Mrs S E Paintin - Director


H.J. PAINTIN LIMITED (REGISTERED NUMBER: 00244358)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

H.J. Paintin 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.

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 comprises the value of goods and services supplied by the company, net of Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of two years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress have been valued at the lower of cost and net realisable value; in respect of work in progress cost includes a relevant proportion of overheads according to the stage of completion.

Taxation
Taxation for the year 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 statement of financial position date.


H.J. PAINTIN LIMITED (REGISTERED NUMBER: 00244358)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Hire purchase and leasing commitments
Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 5,581
AMORTISATION
At 1 November 2022
and 31 October 2023 5,581
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

H.J. PAINTIN LIMITED (REGISTERED NUMBER: 00244358)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. TANGIBLE FIXED ASSETS
Freehold Motor
property Plant vehicles Totals
£    £    £    £   
COST
At 1 November 2022 452,819 229,016 812,931 1,494,766
Additions - 27,289 - 27,289
Disposals - (12,322 ) (25,827 ) (38,149 )
At 31 October 2023 452,819 243,983 787,104 1,483,906
DEPRECIATION
At 1 November 2022 - 198,235 733,589 931,824
Charge for year - 10,256 20,161 30,417
Eliminated on disposal - (11,827 ) (25,827 ) (37,654 )
At 31 October 2023 - 196,664 727,923 924,587
NET BOOK VALUE
At 31 October 2023 452,819 47,319 59,181 559,319
At 31 October 2022 452,819 30,781 79,342 562,942

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 November 2022
and 31 October 2023 295,383
DEPRECIATION
At 1 November 2022
and 31 October 2023 225,713
NET BOOK VALUE
At 31 October 2023 69,670
At 31 October 2022 69,670

6. STOCKS
2023 2022
£    £   
Stocks 17,200 19,029
Work-in-progress 109,895 223,930
127,095 242,959

H.J. PAINTIN LIMITED (REGISTERED NUMBER: 00244358)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 172,368 106,208
Other debtors 4,331 8,856
Directors' current accounts - 535
VAT 5,410 4,628
Prepayments and accrued income 18,691 17,843
200,800 138,070

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,316 55,458
Other loans 7,000 7,000
Other Loans 2-5 years 14,000 21,000
Trade creditors 174,886 92,772
Corporation tax - 19,784
Social security and other taxes 17,402 22,671
Other creditors 20,600 43,060
Directors' current accounts 192 -
Accruals and deferred income 78,024 68,930
332,420 330,675

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 125,686 146,473

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 4,968 4,137

Deferred
tax
£   
Balance at 1 November 2022 4,137
Charge to Income Statement during year 831
Balance at 31 October 2023 4,968

H.J. PAINTIN LIMITED (REGISTERED NUMBER: 00244358)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
12,200 Ordinary £1 12,200 12,200

12. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 November 2022 438,599 12,200 450,799
Deficit for the year (14,922 ) - (14,922 )
Dividends (19,000 ) - (19,000 )
At 31 October 2023 404,677 12,200 416,877

13. RELATED PARTY DISCLOSURES

During the year dividends totalling £19,000 were paid to Mr R D Paintin a director of the company (2022 £5,000).

14. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr R D Paintin by virtue of his ownership of 100% of the issued share capital in the company.