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Company Registration No. 10179830 (England and Wales)
Splash Paris Limited Unaudited accounts for the year ended 31 October 2023
Splash Paris Limited Unaudited accounts Contents
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Splash Paris Limited Company Information for the year ended 31 October 2023
Directors
Alexandra Louise Lyles Claire Gillean Spencer Churchill
Company Number
10179830 (England and Wales)
Registered Office
1 Netherwood Place London W14 0BW England
Accountants
Premium Accounting Services Limited A4-55 Peel Road, Harrow Harrow Middlesex HA3 7QT
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Splash Paris Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,659 
2,060 
Current assets
Debtors
329,850 
101,873 
Cash at bank and in hand
120,752 
200,869 
450,602 
302,742 
Creditors: amounts falling due within one year
(142,568)
(152,404)
Net current assets
308,034 
150,338 
Net assets
316,693 
152,398 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
316,593 
152,298 
Shareholders' funds
316,693 
152,398 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 July 2024 and were signed on its behalf by
Claire Gillean Spencer Churchill Director Company Registration No. 10179830
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Splash Paris Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Splash Paris Limited is a private company, limited by shares, registered in England and Wales, registration number 10179830. The registered office is 1 Netherwood Place, London, W14 0BW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25 % Straight line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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Splash Paris Limited Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2022
10,736 
Additions
8,164 
At 31 October 2023
18,900 
Depreciation
At 1 November 2022
8,676 
Charge for the year
1,565 
At 31 October 2023
10,241 
Net book value
At 31 October 2023
8,659 
At 31 October 2022
2,060 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
198,213 
57,430 
Amounts due from group undertakings etc.
21,578 
- 
Accrued income and prepayments
7,273 
- 
Other debtors
102,786 
44,443 
329,850 
101,873 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
16,410 
10,987 
Trade creditors
- 
8,993 
Taxes and social security
60,208 
44,072 
Other creditors
- 
22,852 
Loans from directors
62,000 
62,000 
Accruals
3,950 
3,500 
142,568 
152,404 
At the year end, the balance due to the directors is £62,000 (2022: £62,000) and it is included in other creditors.
7
Transactions with related parties
Claret Showroom Ltd is related party by virtue of common directors, Claire Spencer-Churchill and Alexandra Lyles. During the year Company net paid £44,430 to Claret Showroom Ltd as short term loan. Balance receivable from Claret Showroom Ltd at the year end £21,578 (2022 : payable £22,852).
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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