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REGISTERED NUMBER: 01085907 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Derwent Decorating Limited

Derwent Decorating Limited (Registered number: 01085907)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Derwent Decorating Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs K A Wilcox
Mrs B Wilcox
Mrs J A Wilcox





REGISTERED OFFICE: High Trees
89b London Road
Shrewsbury
SY2 6PQ





REGISTERED NUMBER: 01085907 (England and Wales)





ACCOUNTANTS: Pareto Tax & Wealth LLP
The Old Schoolhouse,
5-7 Byrom Street,
Manchester
M3 4PF

Derwent Decorating Limited (Registered number: 01085907)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 104,964 104,964

CURRENT ASSETS
Debtors 5 3,177 943
Cash at bank 8,920 8,752
12,097 9,695
CREDITORS
Amounts falling due within one year 6 25,383 23,262
NET CURRENT LIABILITIES (13,286 ) (13,567 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,678

91,397

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 91,628 91,347
SHAREHOLDERS' FUNDS 91,678 91,397

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 21 September 2024 and were signed on its behalf by:





Mrs K A Wilcox - Director


Derwent Decorating Limited (Registered number: 01085907)

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

1. STATUTORY INFORMATION

Derwent Decorating 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2023
and 31 March 2024 104,964
NET BOOK VALUE
At 31 March 2024 104,964
At 31 March 2023 104,964

Derwent Decorating Limited (Registered number: 01085907)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 425 425
Prepayments and accrued income 2,752 518
3,177 943

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 7,639 6,958
Other creditors 500 500
Directors' current accounts 16,410 14,970
Accrued expenses 834 834
25,383 23,262

7. RELATED PARTY DISCLOSURES

At 31 March 2024 the company owed £16,410 (2023: £14,970) to the directors.
The loans are interest free and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by virtue of their shareholdings.