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Company Registration No. 12418108 (England and Wales)
Blana Painting & Decorating Ltd Unaudited accounts for the year ended 31 January 2024
Blana Painting & Decorating Ltd Unaudited accounts Contents
Page
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Blana Painting & Decorating Ltd Company Information for the year ended 31 January 2024
Director
Elton Blana
Company Number
12418108 (England and Wales)
Registered Office
826C GREEN LANES LONDON N21 2RT UNITED KINGDOM
Accountants
Agents For Accounting Ltd Apex House, 2nd Floor Grand Arcade London N12 0EH
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Blana Painting & Decorating Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,871 
6,406 
Current assets
Debtors
17,664 
12,039 
Cash at bank and in hand
19,936 
19,705 
37,600 
31,744 
Creditors: amounts falling due within one year
(39,215)
(33,461)
Net current liabilities
(1,615)
(1,717)
Total assets less current liabilities
12,256 
4,689 
Creditors: amounts falling due after more than one year
- 
(2,070)
Provisions for liabilities
Deferred tax
(2,635)
(1,217)
Net assets
9,621 
1,402 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
9,521 
1,302 
Shareholders' funds
9,621 
1,402 
For the year ending 31 January 2024 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 director acknowledges his 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 and authorised for issue on 29 October 2024 and were signed on its behalf by
Elton Blana Director Company Registration No. 12418108
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Blana Painting & Decorating Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Blana Painting & Decorating Ltd is a private company, limited by shares, registered in England and Wales, registration number 12418108. The registered office is 826C GREEN LANES, LONDON, N21 2RT, UNITED KINGDOM.
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.
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.
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
Straight Line Method -20%
Motor vehicles
Straight Line Method -20%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
656 
10,020 
10,676 
Additions
- 
12,000 
12,000 
At 31 January 2024
656 
22,020 
22,676 
Depreciation
At 1 February 2023
262 
4,008 
4,270 
Charge for the year
131 
4,404 
4,535 
At 31 January 2024
393 
8,412 
8,805 
Net book value
At 31 January 2024
263 
13,608 
13,871 
At 31 January 2023
394 
6,012 
6,406 
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Blana Painting & Decorating Ltd Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,125 
- 
Other debtors
15,539 
12,039 
17,664 
12,039 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
12,093 
24,019 
VAT
4,802 
29 
Obligations under finance leases and hire purchase contracts
- 
2,797 
Trade creditors
500 
- 
Taxes and social security
20,123 
12,143 
Loans from directors
997 
(6,127)
Accruals
700 
600 
39,215 
33,461 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
2,070 
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
9
Loans to directors
During the year, company owed £996 to the director of the company.
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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