Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-04-1900Retailtruetruefalse 14814431 2023-04-18 14814431 2023-04-19 2023-12-31 14814431 2022-04-19 2023-04-18 14814431 2023-12-31 14814431 c:Director1 2023-04-19 2023-12-31 14814431 c:Director2 2023-04-19 2023-12-31 14814431 d:CurrentFinancialInstruments 2023-12-31 14814431 d:ShareCapital 2023-04-19 2023-12-31 14814431 d:ShareCapital 2023-12-31 14814431 d:RetainedEarningsAccumulatedLosses 2023-04-19 2023-12-31 14814431 c:OrdinaryShareClass1 2023-04-19 2023-12-31 14814431 c:OrdinaryShareClass1 2023-12-31 14814431 c:EntityHasNeverTraded 2023-04-19 2023-12-31 14814431 c:FRS102 2023-04-19 2023-12-31 14814431 c:AuditExempt-NoAccountantsReport 2023-04-19 2023-12-31 14814431 c:FullAccounts 2023-04-19 2023-12-31 14814431 c:PrivateLimitedCompanyLtd 2023-04-19 2023-12-31 14814431 e:PoundSterling 2023-04-19 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14814431








 
GREAT BRITISH PAINTS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE FIRST PERIOD 19 APRIL 2023 TO 31 DECEMBER 2023


 
GREAT BRITISH PAINTS LIMITED
REGISTERED NUMBER:14814431


STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1

  
1

Total assets less current liabilities
  
 
 
1

  

Net assets
  
1


Capital and reserves
  

Called up share capital 
 5 
1

  
1


For the period ended 31 December 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
D J Mifflin
................................................
C J Mifflin
Director
Director


Date: 22 September 2024
Date:22 September 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 1


 
GREAT BRITISH PAINTS LIMITED
 


STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2023


Called up share capital
Total equity

£
£

Shares issued during the period
1
1


At 31 December 2023
1
1

The notes on pages 3 to 5 form part of these financial statements.

Page 2


 
GREAT BRITISH PAINTS LIMITED


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Great British Paints Limited (the 'Company') is a private limited company incorporated in England under company registration number 14814431. The Company's registered office is at Unit B1 B2 Enterprise Park, Wigwam Lane, Hucknell, Nottingham, England, NG15 7SZ. The Company's principal activity is that of a paint and supplies retailer.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

  
2.2

Period of account

The period of account is from 19 April 2023 to 31 December 2023.

 
2.3

Going concern

The financial statements have been prepared on a going concern basis. This is considered appropriate as the ultimate beneficial owner will continue to provide financial support to the company for the foreseeable future.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Page 3


 
GREAT BRITISH PAINTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)


Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

No significant judgments have had to be made by management in preparing these financial statements.



 

Page 4


 
GREAT BRITISH PAINTS LIMITED


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Debtors

2023
£


Called up share capital not paid
1

1



5.


Share capital

2023
£
Authorised


1 Ordinary share of £1.00
1

Allotted, called up and partly paid


1 Ordinary share of £1.00
1



6.


Reserves

Profit and loss account

Profit and loss account reserves - includes all current period retained profits and losses.

Page 5