Company Registration No. 06064365 (England and Wales)
PAINT FX LIMITED
Unaudited accounts
for the year ended 31 January 2024
PAINT FX LIMITED
Unaudited accounts
Contents
PAINT FX LIMITED
Company Information
for the year ended 31 January 2024
Directors
Michael John Ferguson
Michael Ferguson
Company Number
06064365 (England and Wales)
Registered Office
PAINT FX
TONG ROAD
LEEDS
LS12 4NQ
Accountants
West Yorkshire Accountancy Services
4 Railway Street
Huddersfield
West Yorkshire
HD1 1JP
PAINT FX LIMITED
Statement of financial position
as at 31 January 2024
Tangible assets
58,798
26,289
Cash at bank and in hand
118,414
167,533
Creditors: amounts falling due within one year
(10,333)
(14,129)
Net current assets
126,094
153,404
Total assets less current liabilities
184,892
179,693
Creditors: amounts falling due after more than one year
(157,582)
(135,568)
Share premium
15,000
15,000
Profit and loss account
12,310
29,125
Shareholders' funds
27,310
44,125
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 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 25 October 2024 and were signed on its behalf by
Michael John Ferguson
Director
Company Registration No. 06064365
PAINT FX LIMITED
Notes to the Accounts
for the year ended 31 January 2024
PAINT FX LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06064365. The registered office is PAINT FX, TONG ROAD, LEEDS, LS12 4NQ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Motor vehicles
25% reducing balance basis
Fixtures & fittings
25% reducing balance basis
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2023
69,355
640
69,995
At 31 January 2024
121,463
640
122,103
At 1 February 2023
43,079
627
43,706
Charge for the year
19,596
3
19,599
At 31 January 2024
62,675
630
63,305
At 31 January 2024
58,788
10
58,798
At 31 January 2023
26,276
13
26,289
Amounts falling due after more than one year
PAINT FX LIMITED
Notes to the Accounts
for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,026
7,893
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
153,437
128,234
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).