IRIS Accounts Production v24.3.2.46 05847488 director 1.7.23 30.6.24 30.6.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058474882023-06-30058474882024-06-30058474882023-07-012024-06-30058474882022-06-30058474882022-07-012023-06-30058474882023-06-3005847488ns15:EnglandWales2023-07-012024-06-3005847488ns14:PoundSterling2023-07-012024-06-3005847488ns10:Director12023-07-012024-06-3005847488ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3005847488ns10:SmallEntities2023-07-012024-06-3005847488ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3005847488ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3005847488ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3005847488ns10:FullAccounts2023-07-012024-06-300584748812023-07-012024-06-3005847488ns10:OrdinaryShareClass12023-07-012024-06-3005847488ns10:RegisteredOffice2023-07-012024-06-3005847488ns5:CurrentFinancialInstruments2024-06-3005847488ns5:CurrentFinancialInstruments2023-06-3005847488ns5:ShareCapital2024-06-3005847488ns5:ShareCapital2023-06-3005847488ns5:RetainedEarningsAccumulatedLosses2024-06-3005847488ns5:RetainedEarningsAccumulatedLosses2023-06-3005847488ns5:NetGoodwill2023-07-012024-06-3005847488ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3005847488ns5:MotorVehicles2023-07-012024-06-3005847488ns5:ComputerEquipment2023-07-012024-06-3005847488ns5:NetGoodwill2023-06-3005847488ns5:NetGoodwill2024-06-3005847488ns5:NetGoodwill2023-06-3005847488ns5:MotorVehicles2023-06-3005847488ns5:ComputerEquipment2023-06-3005847488ns5:MotorVehicles2024-06-3005847488ns5:ComputerEquipment2024-06-3005847488ns5:MotorVehicles2023-06-3005847488ns5:ComputerEquipment2023-06-3005847488ns10:OrdinaryShareClass12024-06-30
REGISTERED NUMBER: 05847488 (England and Wales)















SPECIALIST PAINT EFFECT COMPANY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024






SPECIALIST PAINT EFFECT COMPANY LIMITED (REGISTERED NUMBER: 05847488)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SPECIALIST PAINT EFFECT COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTOR: Mr. J S Whalley





REGISTERED OFFICE: 33 Dyserth Road
Penarth
Vale of Glamorgan
CF64 3UQ





REGISTERED NUMBER: 05847488 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

SPECIALIST PAINT EFFECT COMPANY LIMITED (REGISTERED NUMBER: 05847488)

STATEMENT OF FINANCIAL POSITION
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 150 200
150 200

CURRENT ASSETS
Cash at bank 178,262 156,577

CREDITORS
Amounts falling due within one year 6 12,731 12,569
NET CURRENT ASSETS 165,531 144,008
TOTAL ASSETS LESS CURRENT LIABILITIES 165,681 144,208

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 165,581 144,108
SHAREHOLDERS' FUNDS 165,681 144,208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26th March 2025 and were signed by:





Mr. J S Whalley - Director


SPECIALIST PAINT EFFECT COMPANY LIMITED (REGISTERED NUMBER: 05847488)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

Specialist Paint Effect Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% straight line on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2023
and 30th June 2024 10,000
AMORTISATION
At 1st July 2023
and 30th June 2024 10,000
NET BOOK VALUE
At 30th June 2024 -
At 30th June 2023 -

SPECIALIST PAINT EFFECT COMPANY LIMITED (REGISTERED NUMBER: 05847488)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st July 2023
and 30th June 2024 8,400 2,171 10,571
DEPRECIATION
At 1st July 2023 8,200 2,171 10,371
Charge for year 50 - 50
At 30th June 2024 8,250 2,171 10,421
NET BOOK VALUE
At 30th June 2024 150 - 150
At 30th June 2023 200 - 200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 11,250 10,666
Other creditors 1,481 1,903
12,731 12,569

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100