PRO PAINT SPECIALIST LTD

Company Registration Number:
07805124 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

PRO PAINT SPECIALIST LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

PRO PAINT SPECIALIST LTD

Company Information

for the Period Ended 31 March 2024




Registered office: 222
St Marys Lane
Upminster
RM14 3DH
Company Registration Number: 07805124 (England and Wales)

PRO PAINT SPECIALIST LTD

Balance sheet

As at 31 March 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 0
Tangible assets: 4 37,081 42,775
Total fixed assets: 37,081 42,775
Current assets
Stocks: 20,000 20,000
Debtors: 12,357 26,927
Cash at bank and in hand: 51,953 45,415
Total current assets: 84,310 92,342
Creditors: amounts falling due within one year: ( 7,981 ) ( 10,400 )
Net current assets (liabilities): 76,329 81,942
Total assets less current liabilities: 113,410 124,717
Total net assets (liabilities): 113,410 124,717

The notes form part of these financial statements

PRO PAINT SPECIALIST LTD

Balance sheet continued

As at 31 March 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 113,400 124,707
Shareholders funds: 113,410 124,717

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 10 October 2024
And Signed On Behalf Of The Board By:

Name: Colin Hamshire
Status: Director

The notes form part of these financial statements

PRO PAINT SPECIALIST LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of VAT and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking of any grants receivable, at the following annual rate in order to write off each asset over its estimated useful life, Freehold - n/a, Plant and Machinery - n/a Fixtures and Fitting - n/a, Motor Vehicles - 25% on cost.

PRO PAINT SPECIALIST LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

    All labour is subcontracted

PRO PAINT SPECIALIST LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

PRO PAINT SPECIALIST LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible Assets

Total
Cost £
At 01 April 2023 81,906
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2024 81,906
Depreciation
At 01 April 2023 39,131
Charge for year 5,694
On disposals -
Other adjustments -
At 31 March 2024 44,825
Net book value
At 31 March 2024 37,081
At 31 March 2023 42,775