Company Registration No. 09581142 (England and Wales)
Poet And Painter Ltd
Unaudited accounts
for the year ended 31 March 2024
Poet And Painter Ltd
Unaudited accounts
Contents
Poet And Painter Ltd
Company Information
for the year ended 31 March 2024
Director
Mrs L P Paterson - Fox
Company Number
09581142 (England and Wales)
Registered Office
20-22 Wenlock Road
London
N1 7GU
United Kingdom
Poet And Painter Ltd
Statement of financial position
as at 31 March 2024
Intangible assets
20,250
22,500
Tangible assets
5,462
3,500
Cash at bank and in hand
28,124
2,786
Creditors: amounts falling due within one year
(36,240)
(33,705)
Net current assets
30,010
53,639
Total assets less current liabilities
55,722
79,639
Creditors: amounts falling due after more than one year
(58,914)
(79,034)
Provisions for liabilities
Net (liabilities)/assets
(3,514)
395
Called up share capital
1
1
Profit and loss account
(3,515)
394
Shareholders' funds
(3,514)
395
For the year ending 31 March 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 16 October 2024 and were signed on its behalf by
Mrs L P Paterson - Fox
Director
Company Registration No. 09581142
Poet And Painter Ltd
Notes to the Accounts
for the year ended 31 March 2024
Poet And Painter Ltd is a private company, limited by shares, registered in England and Wales, registration number 09581142. The registered office is 20-22 Wenlock Road, London, N1 7GU, 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.
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:
Fixtures & fittings
25% RB
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation has been calculated based on a UEL of 10 years.
4
Intangible fixed assets
Goodwill
Poet And Painter Ltd
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
7,795
-
7,795
At 31 March 2024
10,830
548
11,378
At 1 April 2023
4,295
-
4,295
Charge for the year
1,621
-
1,621
At 31 March 2024
5,916
-
5,916
At 31 March 2024
4,914
548
5,462
At 31 March 2023
3,500
-
3,500
Amounts falling due within one year
Trade debtors
23,126
47,808
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,558
3,365
Trade creditors
21,503
19,603
Taxes and social security
1,634
558
8
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
58,914
75,812
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).