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REGISTERED NUMBER: 06485476 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

JEFF WRIGHT PROFESSIONAL DECORATOR LTD

JEFF WRIGHT PROFESSIONAL DECORATOR LTD (REGISTERED NUMBER: 06485476)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


JEFF WRIGHT PROFESSIONAL DECORATOR LTD (REGISTERED NUMBER: 06485476)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 142 5,239
142 5,239

CURRENT ASSETS
Debtors 6 8,748 706
Cash at bank 776 4,521
9,524 5,227
CREDITORS
Amounts falling due within one year 7 4,621 2,588
NET CURRENT ASSETS 4,903 2,639
TOTAL ASSETS LESS CURRENT LIABILITIES 5,045 7,878

CREDITORS
Amounts falling due after more than
one year

8

-

(6,830

)

PROVISIONS FOR LIABILITIES (27 ) (995 )
NET ASSETS 5,018 53

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 5,017 52
SHAREHOLDERS' FUNDS 5,018 53

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JEFF WRIGHT PROFESSIONAL DECORATOR LTD (REGISTERED NUMBER: 06485476)

BALANCE SHEET - continued
31 JANUARY 2024


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 director and authorised for issue on 11 September 2024 and were signed by:





J Wright - Director


JEFF WRIGHT PROFESSIONAL DECORATOR LTD (REGISTERED NUMBER: 06485476)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Jeff Wright Professional Decorator Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06485476

Registered office: 12 Lakeside
Acaster Malbis
York
YO23 2TY

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.

These financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable in respect of painting and decorating services provided. Turnover excludes discounts and rebates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current 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 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 tax
Deferred 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

JEFF WRIGHT PROFESSIONAL DECORATOR LTD (REGISTERED NUMBER: 06485476)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 2,000
AMORTISATION
At 1 February 2023
and 31 January 2024 2,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2023 7,097 20,700 27,797
Disposals - (20,700 ) (20,700 )
At 31 January 2024 7,097 - 7,097
DEPRECIATION
At 1 February 2023 6,907 15,651 22,558
Charge for year 48 631 679
Eliminated on disposal - (16,282 ) (16,282 )
At 31 January 2024 6,955 - 6,955
NET BOOK VALUE
At 31 January 2024 142 - 142
At 31 January 2023 190 5,049 5,239

JEFF WRIGHT PROFESSIONAL DECORATOR LTD (REGISTERED NUMBER: 06485476)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 8,748 706

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 3,372 1,795
Other creditors 1,249 793
4,621 2,588

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 6,830

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary 1 1 1

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
J Wright
Balance outstanding at start of year 706 3,049
Amounts advanced 32,826 18,033
Amounts repaid (24,784 ) (20,376 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,748 706

The overdrawn director's loan account is due to be repaid within 9 months of the year end.