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Registered number: 09108520

Painting and Decorating Contractors Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024

Prepared By:
Greywalls Accountants Limited
13 Isis Lake
Spine Road
South Cerney
Gloucestershire
GL7 5LT

Painting and Decorating Contractors Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
DIRECTORS
R Moore
P Ratcliffe
REGISTERED OFFICE
Unit 76 Pembroke Centre
Cheney Manor Industrial Estate
Swindon
Wiltshire
SN2 2PQ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09108520
ACCOUNTANTS
Greywalls Accountants Limited
13 Isis Lake
Spine Road
South Cerney
Gloucestershire
GL7 5LT

Painting and Decorating Contractors Limited

ACCOUNTS
FOR THEYEARENDED30/06/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Painting and Decorating Contractors Limited

BALANCE SHEET AT 30/06/2024
20242023
Notes££
FIXED ASSETS
Tangible assets24,3312,375
CURRENT ASSETS
Debtors3132,784115,695
Cash at bank and in hand7,15128,046
139,935143,741
CREDITORS: Amounts falling due within one year4130,318127,100
NET CURRENT ASSETS9,61716,641
TOTAL ASSETS LESS CURRENT LIABILITIES13,94819,016
PROVISIONS FOR LIABILITIES AND CHARGES61,080595
NET ASSETS12,86818,421
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account12,76818,321
SHAREHOLDERS' FUNDS12,86818,421
For the year ending 30/06/2024 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 05/03/2025 and signed on their behalf by
.............................
P Ratcliffe
Director

Painting and Decorating Contractors Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.
Depreciation is provided on the following basis: -
Motor Carsreducing balance25%
1c. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in UK and the Republic of Ireland and the Companies House 2006.
1d. Taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reveresed by the balance sheet date, expect that; the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Painting and Decorating Contractors Limited

1e. Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied;
- the amount of turnover can be measure reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract at the end of the reporting period can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.
2. TANGIBLE FIXED ASSETS
Motor CarsTotal
££
Cost
At 01/07/20233,1673,167
Additions3,4003,400
At 30/06/20246,5676,567
Depreciation
At 01/07/2023792792
For the year1,4441,444
At 30/06/20242,2362,236
Net Book Amounts
At 30/06/20244,3314,331
At 30/06/20232,3752,375
3. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors103,17567,315
VAT8,1657,830
PAYE control14,94434,050
Other debtors6,5006,500
132,784115,695

Painting and Decorating Contractors Limited

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax51,29743,380
Directors current account27,67423,109
Directors current account22016
Loans18,66826,669
Trade creditors19,12124,743
Other creditors2,5862,033
Accruals10,7527,150
130,318127,100
5. EMPLOYEES
20242023
No.No.
Average number of employees42
6. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation1,080595
1,080595
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100