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REGISTERED NUMBER: 01132093 (England and Wales)









Financial Statements

for the Year Ended 31 March 2024

for

J.P.V. (Painters) Limited

J.P.V. (Painters) Limited (Registered number: 01132093)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


J.P.V. (Painters) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs M Allen
J P Allen





SECRETARY: Mrs M Allen





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 01132093 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

J.P.V. (Painters) Limited (Registered number: 01132093)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 41,298 55,216

CURRENT ASSETS
Inventories 31,960 2,225
Debtors 5 30,651 103,464
Cash at bank and in hand 234,384 131,266
296,995 236,955
CREDITORS
Amounts falling due within one year 6 (83,183 ) (51,875 )
NET CURRENT ASSETS 213,812 185,080
TOTAL ASSETS LESS CURRENT
LIABILITIES

255,110

240,296

PROVISIONS FOR LIABILITIES (4,415 ) (6,021 )
NET ASSETS 250,695 234,275

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 245,695 229,275
SHAREHOLDERS' FUNDS 250,695 234,275

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 11 July 2024 and were signed on its behalf by:





Mrs M Allen - Director


J.P.V. (Painters) Limited (Registered number: 01132093)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

J.P.V. (Painters) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents work done, excluding value added tax

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

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

J.P.V. (Painters) Limited (Registered number: 01132093)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 71,238 94,115 2,438 167,791
DEPRECIATION
At 1 April 2023 68,936 41,418 2,221 112,575
Charge for year 576 13,125 217 13,918
At 31 March 2024 69,512 54,543 2,438 126,493
NET BOOK VALUE
At 31 March 2024 1,726 39,572 - 41,298
At 31 March 2023 2,302 52,697 217 55,216

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 76,472
Tax - 5,342
VAT 4,059 -
Prepayments and accrued income 26,592 21,650
30,651 103,464

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 34,008 21,787
Tax 12,407 -
Social security and other taxes 8,995 8,984
VAT - 4,462
Other creditors 324 324
Directors' current accounts 65 8,865
Accruals and deferred income 27,384 7,453
83,183 51,875