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Company Registration No. 12371003 (England and Wales)
FTPAINTS LTD Unaudited accounts for the year ended 31 December 2023
FTPAINTS LTD Unaudited accounts Contents
Page
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FTPAINTS LTD Company Information for the year ended 31 December 2023
Director
Fabio Viegas D'Abreu Menezes Trovoada
Company Number
12371003 (England and Wales)
Registered Office
UNIT B2 OLD CHURCH ROAD LITTLE HEATH INDUSTRIAL ESTATE COVENTRY CV6 7NB ENGLAND
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FTPAINTS LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,265 
4,650 
Current assets
Inventories
47,001 
43,938 
Debtors
10,110 
19,943 
Cash at bank and in hand
23,496 
23,681 
80,607 
87,562 
Creditors: amounts falling due within one year
(15,736)
(15,182)
Net current assets
64,871 
72,380 
Total assets less current liabilities
69,136 
77,030 
Creditors: amounts falling due after more than one year
(25,002)
(35,038)
Net assets
44,134 
41,992 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
23,272 
23,272 
Profit and loss account
20,861 
18,719 
Shareholders' funds
44,134 
41,992 
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 16 August 2024 and were signed on its behalf by
Fabio Viegas D'Abreu Menezes Trovoada Director Company Registration No. 12371003
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FTPAINTS LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
FTPAINTS LTD is a private company, limited by shares, registered in England and Wales, registration number 12371003. The registered office is UNIT B2 OLD CHURCH ROAD, LITTLE HEATH INDUSTRIAL ESTATE, COVENTRY, CV6 7NB, ENGLAND.
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 year, 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:
Motor vehicles
20% straight line
Fixtures & fittings
15% reducing line
Computer equipment
15% reducing line
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
6,667 
3,500 
- 
10,167 
Additions
- 
- 
1,396 
1,396 
At 31 December 2023
6,667 
3,500 
1,396 
11,563 
Depreciation
At 1 January 2023
4,167 
1,350 
- 
5,517 
Charge for the year
1,250 
322 
209 
1,781 
At 31 December 2023
5,417 
1,672 
209 
7,298 
Net book value
At 31 December 2023
1,250 
1,828 
1,187 
4,265 
At 31 December 2022
2,500 
2,150 
- 
4,650 
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FTPAINTS LTD Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,110 
19,943 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,242 
1,467 
Taxes and social security
4,754 
6,454 
Loans from directors
9,740 
4,762 
Accruals
- 
2,499 
15,736 
15,182 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
25,002 
35,038 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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