Company Registration No. 05928524 (England and Wales)
PAINLESS FITTINGS LIMITED
Unaudited accounts
for the year ended 31 August 2024
PAINLESS FITTINGS LIMITED
Unaudited accounts
Contents
PAINLESS FITTINGS LIMITED
Company Information
for the year ended 31 August 2024
Directors
Raymond Ian Pain
Allison Pain
Company Number
05928524 (England and Wales)
Accountants
BRENDAN THOMAS
BUMBLE BEE ACCOUNTANCY LTD
57 WENDRON STREET
HELSTON
CORNWALL
TR13 8PT
PAINLESS FITTINGS LIMITED
Statement of financial position
as at 31 August 2024
Tangible assets
2,453
3,271
Cash at bank and in hand
15,136
18,878
Creditors: amounts falling due within one year
(8,066)
(20,502)
Net current assets
8,087
246
Called up share capital
1,000
1,000
Profit and loss account
9,540
2,517
Shareholders' funds
10,540
3,517
For the year ending 31 August 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 28 January 2025 and were signed on its behalf by
Allison Pain
Director
Company Registration No. 05928524
PAINLESS FITTINGS LIMITED
Notes to the Accounts
for the year ended 31 August 2024
PAINLESS FITTINGS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05928524.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2023
2,846
19,663
250
607
23,366
At 31 August 2024
2,846
19,663
250
607
23,366
At 1 September 2023
2,354
17,039
249
453
20,095
Charge for the year
151
656
1
10
818
At 31 August 2024
2,505
17,695
250
463
20,913
At 31 August 2024
341
1,968
-
144
2,453
At 31 August 2023
492
2,624
1
154
3,271
PAINLESS FITTINGS LIMITED
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,399
3,027
Loans from directors
1,931
12,866
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).