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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
Page
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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
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Poet And Painter Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
20,250 
22,500 
Tangible assets
5,462 
3,500 
25,712 
26,000 
Current assets
Inventories
15,000 
36,750 
Debtors
23,126 
47,808 
Cash at bank and in hand
28,124 
2,786 
66,250 
87,344 
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
Deferred tax
(322)
(210)
Net (liabilities)/assets
(3,514)
395 
Capital and reserves
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
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Poet And Painter Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
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:
Fixtures & fittings
25% RB
Computer equipment
25% RB
Intangible fixed assets
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 
£ 
Cost
At 1 April 2023
22,500 
At 31 March 2024
22,500 
Amortisation
At 1 April 2023
- 
Charge for the year
2,250 
At 31 March 2024
2,250 
Net book value
At 31 March 2024
20,250 
At 31 March 2023
22,500 
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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 
Additions
3,035 
730 
3,765 
Revaluations
- 
(182)
(182)
At 31 March 2024
10,830 
548 
11,378 
Depreciation
At 1 April 2023
4,295 
- 
4,295 
Charge for the year
1,621 
- 
1,621 
At 31 March 2024
5,916 
- 
5,916 
Net book value
At 31 March 2024
4,914 
548 
5,462 
At 31 March 2023
3,500 
- 
3,500 
6
Debtors
2024 
2023 
£ 
£ 
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 
VAT
7,428 
7,895 
Trade creditors
21,503 
19,603 
Taxes and social security
1,634 
558 
Other creditors
117 
2,284 
36,240 
33,705 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
3,222 
Loans from directors
58,914 
75,812 
58,914 
79,034 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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