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REGISTERED NUMBER: 07301895 (England and Wales)










Financial Statements

for the Year Ended 31 October 2023

for

South Cheshire Painters and Decorators
Limited

South Cheshire Painters and Decorators
Limited (Registered number: 07301895)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


South Cheshire Painters and Decorators
Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: A E Hockenhull
Mrs A M Hockenhull





REGISTERED OFFICE: 42 Mortimer Drive
Sandbach
Cheshire
CW11 4HS





REGISTERED NUMBER: 07301895 (England and Wales)





ACCOUNTANTS: John Greenall & Co Limited
20 Crewe Road
Sandbach
Cheshire
CW11 4NE

South Cheshire Painters and Decorators
Limited (Registered number: 07301895)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,395 9,470
7,395 9,470

CURRENT ASSETS
Stocks 100 100
Debtors 6 22,296 29,460
Cash at bank 8,945 6,239
31,341 35,799
CREDITORS
Amounts falling due within one year 7 24,899 27,198
NET CURRENT ASSETS 6,442 8,601
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,837

18,071

CREDITORS
Amounts falling due after more than one
year

8

(12,031

)

(15,257

)

PROVISIONS FOR LIABILITIES (1,405 ) (2,394 )
NET ASSETS 401 420

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 301 320
SHAREHOLDERS' FUNDS 401 420

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

South Cheshire Painters and Decorators
Limited (Registered number: 07301895)

Balance Sheet - continued
31 October 2023


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 29 October 2024 and were signed on its behalf by:





A E Hockenhull - Director


South Cheshire Painters and Decorators
Limited (Registered number: 07301895)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

South Cheshire Painters and Decorators 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks 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 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.

South Cheshire Painters and Decorators
Limited (Registered number: 07301895)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 10,000
AMORTISATION
At 1 November 2022
and 31 October 2023 10,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 1,197 18,040 19,237
DEPRECIATION
At 1 November 2022 1,016 8,751 9,767
Charge for year 27 2,048 2,075
At 31 October 2023 1,043 10,799 11,842
NET BOOK VALUE
At 31 October 2023 154 7,241 7,395
At 31 October 2022 181 9,289 9,470

South Cheshire Painters and Decorators
Limited (Registered number: 07301895)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022
and 31 October 2023 11,940
DEPRECIATION
At 1 November 2022 5,224
Charge for year 1,343
At 31 October 2023 6,567
NET BOOK VALUE
At 31 October 2023 5,373
At 31 October 2022 6,716

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors - 439
Other debtors 22,296 29,021
22,296 29,460

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 3,399 4,277
Hire purchase contracts 1,992 1,992
Trade creditors 3,033 3,056
Taxation and social security 15,237 15,823
Other creditors 1,238 2,050
24,899 27,198

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 10,083 11,317
Hire purchase contracts 1,948 3,940
12,031 15,257