DAVID THOMAS PAINTING AND DECORATING LTD.

Company Registration Number:
05392843 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

DAVID THOMAS PAINTING AND DECORATING LTD.

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

DAVID THOMAS PAINTING AND DECORATING LTD.

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 9,248 11,482
Total fixed assets: 9,248 11,482
Current assets
Stocks: 2,185 1,900
Debtors:   3,648 8,142
Cash at bank and in hand: 79,678 29,631
Total current assets: 85,511 39,673
Creditors: amounts falling due within one year:   (36,704) (20,256)
Net current assets (liabilities): 48,807 19,417
Total assets less current liabilities: 58,055 30,899
Creditors: amounts falling due after more than one year:   0 (3,438)
Provision for liabilities: (1,800) (2,200)
Total net assets (liabilities): 56,255 25,261
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 56,155 25,161
Shareholders funds: 56,255 25,261

The notes form part of these financial statements

DAVID THOMAS PAINTING AND DECORATING LTD.

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 August 2024
and signed on behalf of the board by:

Name: D J Thomas
Status: Director

The notes form part of these financial statements

DAVID THOMAS PAINTING AND DECORATING LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents net invoiced sales of goods and services in respect of painting and decorating work done, excluding value added tax.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Plant and machinery etc - 33% on reducing balance

Other accounting policies

StocksStocks of paint and decorating materials are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.TaxationTaxation 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 balance sheet date.Deferred taxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.Going concernThe director has considered the financial position of the company and believe it is well placed to manage its business risks successfully. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the going concern basis of preparation in preparing the financial statements will continue to be adopted.

DAVID THOMAS PAINTING AND DECORATING LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

DAVID THOMAS PAINTING AND DECORATING LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 25,841
Additions 849
Disposals (869)
At 31 March 2024 25,821
Depreciation
At 01 April 2023 14,359
Charge for year 3,083
On disposals (869)
At 31 March 2024 16,573
Net book value
At 31 March 2024 9,248
At 31 March 2023 11,482

DAVID THOMAS PAINTING AND DECORATING LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Related party transactions

During the year the company was controlled by Mr D J Thomas.