2022-08-012023-07-312023-07-31false09139727VERONICA LANCASTER PAINT PALETTES & INTERIORS LTD2024-07-1447520iso4217:GBPxbrli:pure091397272022-08-01091397272023-07-31091397272022-08-012023-07-31091397272021-08-01091397272022-07-31091397272021-08-012022-07-3109139727bus:SmallEntities2022-08-012023-07-3109139727bus:AuditExempt-NoAccountantsReport2022-08-012023-07-3109139727bus:FullAccounts2022-08-012023-07-3109139727bus:PrivateLimitedCompanyLtd2022-08-012023-07-3109139727core:WithinOneYear2023-07-3109139727core:AfterOneYear2023-07-3109139727core:WithinOneYear2022-07-3109139727core:AfterOneYear2022-07-3109139727core:ShareCapital2023-07-3109139727core:SharePremium2023-07-3109139727core:RevaluationReserve2023-07-3109139727core:OtherReservesSubtotal2023-07-3109139727core:RetainedEarningsAccumulatedLosses2023-07-3109139727core:ShareCapital2022-07-3109139727core:SharePremium2022-07-3109139727core:RevaluationReserve2022-07-3109139727core:OtherReservesSubtotal2022-07-3109139727core:RetainedEarningsAccumulatedLosses2022-07-3109139727core:LandBuildings2023-07-3109139727core:PlantMachinery2023-07-3109139727core:Vehicles2023-07-3109139727core:FurnitureFittings2023-07-3109139727core:OfficeEquipment2023-07-3109139727core:NetGoodwill2023-07-3109139727core:IntangibleAssetsOtherThanGoodwill2023-07-3109139727core:ListedExchangeTraded2023-07-3109139727core:UnlistedNon-exchangeTraded2023-07-3109139727core:LandBuildings2022-07-3109139727core:PlantMachinery2022-07-3109139727core:Vehicles2022-07-3109139727core:FurnitureFittings2022-07-3109139727core:OfficeEquipment2022-07-3109139727core:NetGoodwill2022-07-3109139727core:IntangibleAssetsOtherThanGoodwill2022-07-3109139727core:ListedExchangeTraded2022-07-3109139727core:UnlistedNon-exchangeTraded2022-07-3109139727core:LandBuildings2022-08-012023-07-3109139727core:PlantMachinery2022-08-012023-07-3109139727core:Vehicles2022-08-012023-07-3109139727core:FurnitureFittings2022-08-012023-07-3109139727core:OfficeEquipment2022-08-012023-07-3109139727core:NetGoodwill2022-08-012023-07-3109139727core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3109139727core:ListedExchangeTraded2022-08-012023-07-3109139727core:UnlistedNon-exchangeTraded2022-08-012023-07-3109139727core:MoreThanFiveYears2022-08-012023-07-3109139727core:Non-currentFinancialInstruments2023-07-3109139727core:Non-currentFinancialInstruments2022-07-3109139727dpl:CostSales2022-08-012023-07-3109139727dpl:DistributionCosts2022-08-012023-07-3109139727core:LandBuildings2022-08-012023-07-3109139727core:PlantMachinery2022-08-012023-07-3109139727core:Vehicles2022-08-012023-07-3109139727core:FurnitureFittings2022-08-012023-07-3109139727core:OfficeEquipment2022-08-012023-07-3109139727dpl:AdministrativeExpenses2022-08-012023-07-3109139727core:NetGoodwill2022-08-012023-07-3109139727core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3109139727dpl:GroupUndertakings2022-08-012023-07-3109139727dpl:ParticipatingInterests2022-08-012023-07-3109139727dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-012023-07-3109139727core:ListedExchangeTraded2022-08-012023-07-3109139727dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-012023-07-3109139727core:UnlistedNon-exchangeTraded2022-08-012023-07-3109139727dpl:CostSales2021-08-012022-07-3109139727dpl:DistributionCosts2021-08-012022-07-3109139727core:LandBuildings2021-08-012022-07-3109139727core:PlantMachinery2021-08-012022-07-3109139727core:Vehicles2021-08-012022-07-3109139727core:FurnitureFittings2021-08-012022-07-3109139727core:OfficeEquipment2021-08-012022-07-3109139727dpl:AdministrativeExpenses2021-08-012022-07-3109139727core:NetGoodwill2021-08-012022-07-3109139727core:IntangibleAssetsOtherThanGoodwill2021-08-012022-07-3109139727dpl:GroupUndertakings2021-08-012022-07-3109139727dpl:ParticipatingInterests2021-08-012022-07-3109139727dpl:GroupUndertakingscore:ListedExchangeTraded2021-08-012022-07-3109139727core:ListedExchangeTraded2021-08-012022-07-3109139727dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-08-012022-07-3109139727core:UnlistedNon-exchangeTraded2021-08-012022-07-3109139727core:NetGoodwill2023-07-3109139727core:IntangibleAssetsOtherThanGoodwill2023-07-3109139727core:LandBuildings2023-07-3109139727core:PlantMachinery2023-07-3109139727core:Vehicles2023-07-3109139727core:FurnitureFittings2023-07-3109139727core:OfficeEquipment2023-07-3109139727core:AfterOneYear2023-07-3109139727core:WithinOneYear2023-07-3109139727core:ListedExchangeTraded2023-07-3109139727core:UnlistedNon-exchangeTraded2023-07-3109139727core:ShareCapital2023-07-3109139727core:SharePremium2023-07-3109139727core:RevaluationReserve2023-07-3109139727core:OtherReservesSubtotal2023-07-3109139727core:RetainedEarningsAccumulatedLosses2023-07-3109139727core:NetGoodwill2022-07-3109139727core:IntangibleAssetsOtherThanGoodwill2022-07-3109139727core:LandBuildings2022-07-3109139727core:PlantMachinery2022-07-3109139727core:Vehicles2022-07-3109139727core:FurnitureFittings2022-07-3109139727core:OfficeEquipment2022-07-3109139727core:AfterOneYear2022-07-3109139727core:WithinOneYear2022-07-3109139727core:ListedExchangeTraded2022-07-3109139727core:UnlistedNon-exchangeTraded2022-07-3109139727core:ShareCapital2022-07-3109139727core:SharePremium2022-07-3109139727core:RevaluationReserve2022-07-3109139727core:OtherReservesSubtotal2022-07-3109139727core:RetainedEarningsAccumulatedLosses2022-07-3109139727core:NetGoodwill2021-08-0109139727core:IntangibleAssetsOtherThanGoodwill2021-08-0109139727core:LandBuildings2021-08-0109139727core:PlantMachinery2021-08-0109139727core:Vehicles2021-08-0109139727core:FurnitureFittings2021-08-0109139727core:OfficeEquipment2021-08-0109139727core:AfterOneYear2021-08-0109139727core:WithinOneYear2021-08-0109139727core:ListedExchangeTraded2021-08-0109139727core:UnlistedNon-exchangeTraded2021-08-0109139727core:ShareCapital2021-08-0109139727core:SharePremium2021-08-0109139727core:RevaluationReserve2021-08-0109139727core:OtherReservesSubtotal2021-08-0109139727core:RetainedEarningsAccumulatedLosses2021-08-0109139727core:AfterOneYear2022-08-012023-07-3109139727core:WithinOneYear2022-08-012023-07-3109139727core:Non-currentFinancialInstrumentscore:CostValuation2022-08-012023-07-3109139727core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-08-012023-07-3109139727core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-08-012023-07-3109139727core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-08-012023-07-3109139727core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-08-012023-07-3109139727core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-08-012023-07-3109139727core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-08-012023-07-3109139727core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-08-012023-07-3109139727core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-08-012023-07-3109139727core:Non-currentFinancialInstrumentscore:CostValuation2023-07-3109139727core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-07-3109139727core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-07-3109139727core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-07-3109139727core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-3109139727core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-07-3109139727core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-07-3109139727core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-07-3109139727core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-07-3109139727core:Non-currentFinancialInstrumentscore:CostValuation2022-07-3109139727core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-07-3109139727core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-07-3109139727core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-07-3109139727core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-07-3109139727core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-07-3109139727core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-07-3109139727core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-07-3109139727core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-07-3109139727bus:Director12022-08-012023-07-31

VERONICA LANCASTER PAINT PALETTES & INTERIORS LTD

Registered Number
09139727
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2023

VERONICA LANCASTER PAINT PALETTES & INTERIORS LTD
Company Information
for the year from 1 August 2022 to 31 July 2023

Director

LANCASTER, Veronica Liliane

Registered Address

17a Sussex Ring
Woodside Park
London
N12 7HX

Registered Number

09139727 (England and Wales)
VERONICA LANCASTER PAINT PALETTES & INTERIORS LTD
Balance Sheet as at
31 July 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3500666
500666
Current assets
Stocks48,0008,000
Debtors572352
Cash at bank and on hand3,4796,740
12,05115,092
Creditors amounts falling due within one year5(1,784)(3,602)
Net current assets (liabilities)10,26711,490
Total assets less current liabilities10,76712,156
Creditors amounts falling due after one year6(27,451)(23,542)
Net assets(16,684)(11,386)
Capital and reserves
Called up share capital11
Profit and loss account(16,685)(11,387)
Shareholders' funds(16,684)(11,386)
The financial statements were approved and authorised for issue by the Director on 14 July 2024, and are signed on its behalf by:
LANCASTER, Veronica Liliane
Director
Registered Company No. 09139727
VERONICA LANCASTER PAINT PALETTES & INTERIORS LTD
Notes to the Financial Statements
for the year ended 31 July 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 August 222,3762,376
At 31 July 232,3762,376
Depreciation and impairment
At 01 August 221,7101,710
Charge for year166166
At 31 July 231,8761,876
Net book value
At 31 July 23500500
At 31 July 22666666
4.Stocks

2023

2022

££
Other stocks8,0008,000
Total8,0008,000
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables1,7843,602
Total1,7843,602
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts6,9849,200
Amounts owed to related parties20,46714,342
Total27,45123,542