Registered number
06849167
De Paris Restorations Limited
Filleted Accounts
31 March 2024
De Paris Restorations Limited
Company Information
Directors
I De Paris
Ms E R De Paris
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
Cooper Parry Sky View
Argosy Road, Castle Donnington
Derby
Derbyshire
Registered number
06849167
De Paris Restorations Limited
Registered number: 06849167
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 9,666 13,507
Current assets
Work in progress 120,000 65,599
Debtors 5 15,970 175,012
Cash at bank and in hand 134,612 61,931
270,582 302,542
Creditors: amounts falling due within one year 6 (99,244) (133,985)
Net current assets 171,338 168,557
Total assets less current liabilities 181,004 182,064
Creditors: amounts falling due after more than one year 7 (25,000) (38,060)
Provisions for liabilities - (2,566)
Net assets 156,004 141,438
Capital and reserves
Called up share capital 2 2
Profit and loss account 156,002 141,436
Shareholders' funds 156,004 141,438
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
I De Paris
Director
Approved by the board on 31 July 2024
De Paris Restorations Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures, fittings and equipment over 4 years
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 7
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 40,000
At 31 March 2024 40,000
Amortisation
At 1 April 2023 40,000
At 31 March 2024 40,000
Net book value
At 31 March 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Fixtures, fittings and equipment Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 15,091 24,579 56,702 96,372
At 31 March 2024 15,091 24,579 56,702 96,372
Depreciation
At 1 April 2023 14,522 24,525 43,818 82,865
Charge for the year 568 54 3,219 3,841
At 31 March 2024 15,090 24,579 47,037 86,706
Net book value
At 31 March 2024 1 - 9,665 9,666
At 31 March 2023 569 54 12,884 13,507
5 Debtors 2024 2023
£ £
Trade debtors 8,920 129,777
Other debtors 7,050 45,235
15,970 175,012
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 36,668 55,690
Taxation and social security costs 60,081 74,020
Other creditors 2,495 4,275
99,244 133,985
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 25,000 35,000
Directors loan - 3,060
25,000 38,060
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 2,299 2,299
9 Controlling party
The company is controlled by the directors.
10 Other information
De Paris Restorations Limited is a private company limited by shares and incorporated in England. Its registered office is:
Cooper Parry Sky View
Argosy Road, Castle Donnington
Derby
Derbyshire
De Paris Restorations Limited 06849167 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 No description of principal activity 06849167 2022-04-01 2023-03-31 06849167 core:WithinOneYear 2023-03-31 06849167 core:AfterOneYear 2023-03-31 06849167 core:ShareCapital 2023-03-31 06849167 core:RetainedEarningsAccumulatedLosses 2023-03-31 06849167 core:AllPeriods 2023-03-31 06849167 2023-04-01 2024-03-31 06849167 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06849167 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06849167 bus:Director1 2023-04-01 2024-03-31 06849167 bus:Director2 2023-04-01 2024-03-31 06849167 1 2023-04-01 2024-03-31 06849167 2 2023-04-01 2024-03-31 06849167 core:LandBuildings 2023-04-01 2024-03-31 06849167 core:PlantMachinery 2023-04-01 2024-03-31 06849167 core:Vehicles 2023-04-01 2024-03-31 06849167 countries:England 2023-04-01 2024-03-31 06849167 bus:FRS102 2023-04-01 2024-03-31 06849167 bus:FilletedAccounts 2023-04-01 2024-03-31 06849167 2024-03-31 06849167 core:WithinOneYear 2024-03-31 06849167 core:AfterOneYear 2024-03-31 06849167 core:ShareCapital 2024-03-31 06849167 core:RetainedEarningsAccumulatedLosses 2024-03-31 06849167 core:Goodwill 2024-03-31 06849167 core:LandBuildings 2024-03-31 06849167 core:PlantMachinery 2024-03-31 06849167 core:Vehicles 2024-03-31 06849167 core:AllPeriods 2024-03-31 06849167 2023-03-31 06849167 core:Goodwill 2023-03-31 06849167 core:LandBuildings 2023-03-31 06849167 core:PlantMachinery 2023-03-31 06849167 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure