1 March 2023 false No description of principal activity Taxfiler 2024.6 09427893business:PrivateLimitedCompanyLtd2023-03-012024-02-29 094278932023-02-28 094278932023-03-012024-02-29 09427893business:AuditExempt-NoAccountantsReport2023-03-012024-02-29 09427893business:FilletedAccounts2023-03-012024-02-29 094278932024-02-29 094278932023-02-28 09427893core:WithinOneYear2024-02-29 09427893core:WithinOneYear2023-02-28 09427893core:AfterOneYear2024-02-29 09427893core:AfterOneYear2023-02-28 09427893core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 09427893core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 09427893core:PreviouslyStatedAmount2024-02-29 09427893core:PreviouslyStatedAmount2023-02-28 09427893business:SmallEntities2023-03-012024-02-29 09427893business:Director12023-03-012024-02-29 09427893countries:EnglandWales2023-03-012024-02-29 09427893business:RegisteredOffice2023-03-012024-02-29 09427893core:Goodwill2023-02-28 09427893core:Goodwill2024-02-29 09427893core:PlantMachinery2023-02-28 09427893core:FurnitureFittings2023-02-28 09427893core:PlantMachinery2023-03-012024-02-29 09427893core:FurnitureFittings2023-03-012024-02-29 09427893core:PlantMachinery2024-02-29 09427893core:FurnitureFittings2024-02-29 094278932022-03-012023-02-28 iso4217:GBP xbrli:pure
Paint and Paper Emporium Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
21,907 
21,907 
Tangible assets
26,225 
33,037 
48,132 
54,944 
Current assets
Inventories
33,248 
33,248 
Debtors
- 
(979)
Cash at bank and in hand
45,915 
36,943 
79,163 
69,212 
Creditors: amounts falling due within one year
(60,734)
(77,845)
Net current assets/(liabilities)
18,429 
(8,633)
Total assets less current liabilities
66,561 
46,311 
Creditors: amounts falling due after more than one year
15,123 
23,500 
Net assets
81,684 
69,811 
Capital and reserves
Profit and loss account
81,684 
69,811 
Shareholders' funds
81,684 
69,811 
For the year ending 29 February 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 her 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 22 November 2024 and were signed on its behalf by
Julie London Director Company Registration No. 09427893
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Paint and Paper Emporium Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Paint and Paper Emporium Ltd is a private company, limited by shares, registered in England and Wales, registration number 09427893. The registered office is 117 Corbetts Tey Road, Upminster, Essex, RM14 2AA.
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2023
21,907 
At 29 February 2024
21,907 
Amortisation
At 1 March 2023
- 
At 29 February 2024
- 
Net book value
At 29 February 2024
21,907 
At 28 February 2023
21,907 
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Paint and Paper Emporium Ltd Notes to the Accounts for the year ended 29 February 2024
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
395 
56,398 
56,793 
Additions
- 
1,627 
1,627 
At 29 February 2024
395 
58,025 
58,420 
Depreciation
At 1 March 2023
- 
23,756 
23,756 
Charge for the year
- 
8,439 
8,439 
At 29 February 2024
- 
32,195 
32,195 
Net book value
At 29 February 2024
395 
25,830 
26,225 
At 28 February 2023
395 
32,642 
33,037 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
(979)
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
26,106 
34,179 
VAT
5,819 
2,047 
Taxes and social security
2,801 
1,028 
Loans from directors
26,008 
40,591 
60,734 
77,845 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
(13,623)
(22,000)
Loans from directors
(1,500)
(1,500)
(15,123)
(23,500)
9
Average number of employees
During the year the average number of employees was 3 (2023: 2).
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