2023-01-01 03827052 2023-12-31 03827052 2023-01-01 2023-12-31 03827052 2022-12-31 03827052 2022-01-01 2022-12-31 03827052 uk-core:WithinOneYear 2022-12-31 03827052 uk-core:WithinOneYear 2023-12-31 03827052 uk-core:AfterOneYear 2022-12-31 03827052 uk-core:AfterOneYear 2023-12-31 03827052 uk-core:ShareCapital 2023-12-31 03827052 uk-core:ShareCapital 2022-12-31 03827052 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 03827052 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 03827052 uk-bus:Director1 2023-01-01 2023-12-31 03827052 uk-bus:Director2 2023-01-01 2023-12-31 03827052 uk-core:Buildings 2023-01-01 2023-12-31 03827052 uk-core:PlantMachinery 2023-01-01 2023-12-31 03827052 uk-core:FurnitureFittings 2023-01-01 2023-12-31 03827052 uk-core:FurnitureFittings 2022-12-31 03827052 uk-core:PlantMachinery 2022-12-31 03827052 uk-core:Buildings 2022-12-31 03827052 uk-core:Buildings 2023-12-31 03827052 uk-core:PlantMachinery 2023-12-31 03827052 uk-core:FurnitureFittings 2023-12-31 03827052 uk-core:AfterOneYear uk-core:Secured 2023-12-31 03827052 uk-core:AfterOneYear uk-core:Secured 2022-12-31 iso4217:GBP xbrli:pure 03827052 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03827052 uk-bus:FRS102 2023-01-01 2023-12-31 03827052 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 03827052 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
PAINTWORKS UK Ltd
Registered Number:03827052
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
PAINTWORKS UK Ltd
Contents Page
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Statement of Financial Position
3 to 5
Notes to the Financial Statements
3
Registered Number :
03827052
As at 31 December 2023
PAINTWORKS UK Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
54,350
69,514
2
54,350
69,514
Current assets
Inventories
2,500
2,500
3
Trade and other receivables
96,351
85,489
4
23,163
Cash and cash equivalents
28,213
116,202
122,014
Trade and other payables: amounts falling due within
one year
(63,112)
(72,176)
5
58,902
44,026
Net current assets
Total assets less current liabilities
98,376
128,416
Trade and other payables: amounts falling due after
more than one year
(85,156)
(69,043)
6
29,333
Net assets
43,260
Capital and reserves
Called up share capital
2
2
Retained earnings
29,331
43,258
29,333
43,260
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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Registered Number :
03827052
For the year ended 31 December 2023
PAINTWORKS UK Ltd
Statement of Financial Position Continued
Mr Peter Szoke Director
Mrs Zsuzsanna Szokene Director
These financial statements were approved and authorised for issue by the Board on 03 May 2024 and were signed by:
The notes form part of these financial statements
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For the year ended 31 December 2023
PAINTWORKS UK Ltd
Notes to the Financial Statements
Statutory Information
PAINTWORKS UK Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 03827052.
Registered address:
Unit 3a & 3b
87 Beddington Lane
Croydon
Surrey
CR0 4TD
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'
and the Companies Act 2006. The financial statements have been prepared under the historical costs
convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
20% Straight line
Plant and machinery
25% Reducing balance
25% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 December 2023
PAINTWORKS UK Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Plant and
machinery
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 January 2023
186,655
34,110
144,289
8,256
1,576
1,576
-
-
Additions
At 31 December 2023
8,256
144,289
35,686
188,231
Provision for depreciation and impairment
At 01 January 2023
117,141
21,175
95,141
825
Charge for year
16,740
3,800
12,115
825
At 31 December 2023
133,881
24,975
107,256
1,650
At 31 December 2023
Net book value
6,606
37,033
10,711
54,350
At 31 December 2022
7,431
49,148
12,935
69,514
3. Inventories
2022
2023
£
£
Stocks
2,500
2,500
4. Trade and other receivables
2022
2023
£
£
Trade debtors
2,184
13,526
Amounts owed by group undertakings and participating interes
ts
24,156
26,086
Other debtors
59,149
56,739
96,351
85,489
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For the year ended 31 December 2023
PAINTWORKS UK Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
5,932
18,283
Taxation and social security
16,078
6,275
Other creditors
50,166
38,554
72,176
63,112
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
69,043
85,156
7. Average number of persons employed
During the year the average number of employees was 10 (2022 : 10)
8. Parent-subsidiary relationship
Paintworks (U.K.) Ltd. is a subsidiary of Paintworks (Croydon) Ltd. whose registered office and principal place of business is at: Unit 3a &3b87 Beddington LaneCroydonSurreyCR0 4TD
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