3 2 Allpoints Painters and Decorators Ltd 07701133 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is that of painting and decorating services. Digita Accounts Production Advanced 6.30.9574.0 true true 07701133 2023-08-01 2024-07-31 07701133 2024-07-31 07701133 core:RetainedEarningsAccumulatedLosses 2024-07-31 07701133 core:ShareCapital 2024-07-31 07701133 core:CurrentFinancialInstruments 2024-07-31 07701133 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 07701133 core:FurnitureFittingsToolsEquipment 2024-07-31 07701133 core:MotorVehicles 2024-07-31 07701133 bus:SmallEntities 2023-08-01 2024-07-31 07701133 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 07701133 bus:FilletedAccounts 2023-08-01 2024-07-31 07701133 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 07701133 bus:RegisteredOffice 2023-08-01 2024-07-31 07701133 bus:Director1 2023-08-01 2024-07-31 07701133 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07701133 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 07701133 core:MotorVehicles 2023-08-01 2024-07-31 07701133 core:OfficeEquipment 2023-08-01 2024-07-31 07701133 core:Vehicles 2023-08-01 2024-07-31 07701133 countries:EnglandWales 2023-08-01 2024-07-31 07701133 2023-07-31 07701133 core:FurnitureFittingsToolsEquipment 2023-07-31 07701133 core:MotorVehicles 2023-07-31 07701133 2022-08-01 2023-07-31 07701133 2023-07-31 07701133 core:RetainedEarningsAccumulatedLosses 2023-07-31 07701133 core:ShareCapital 2023-07-31 07701133 core:CurrentFinancialInstruments 2023-07-31 07701133 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 07701133 core:FurnitureFittingsToolsEquipment 2023-07-31 07701133 core:MotorVehicles 2023-07-31 xbrli:pure iso4217:GBP

Registration number: 07701133

Allpoints Painters and Decorators Ltd

Amended Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Allpoints Painters and Decorators Ltd

(Registration number: 07701133)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,503

2,731

Current assets

 

Stocks

5

12,500

-

Debtors

6

1,409

-

Cash at bank and in hand

 

(1,400)

2,978

 

12,509

2,978

Creditors: Amounts falling due within one year

7

(14,946)

(4,170)

Net current liabilities

 

(2,437)

(1,192)

Net assets

 

66

1,539

Capital and reserves

 

Called up share capital

1

1

Retained earnings

65

1,538

Shareholders' funds

 

66

1,539

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 May 2025
 

.........................................
Ms YD Reeves
Director

 

Allpoints Painters and Decorators Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
29 Sidney Road
Rochester
Kent
ME1 3HF
England

These financial statements were authorised for issue by the director on 13 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The company may be required to make estimates and assumptions concerning the future. These estimates and judgements are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The resulting accounting estimates will, by definition, seldom equal the related actual results. The principal areas where judgement was exercised are as follows:

ii) Tangible fixed assets: the directors annually assess both the residual value of these assets and the expected useful life of such assets based on experience.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Allpoints Painters and Decorators Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

18% reducing balance

Office equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Allpoints Painters and Decorators Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 2).

 

Allpoints Painters and Decorators Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2023

486

7,794

8,280

Additions

386

-

386

At 31 July 2024

872

7,794

8,666

Depreciation

At 1 August 2023

122

5,427

5,549

Charge for the year

188

426

614

At 31 July 2024

310

5,853

6,163

Carrying amount

At 31 July 2024

562

1,941

2,503

At 31 July 2023

364

2,367

2,731

5

Stocks

2024
£

2023
£

Work in progress

12,500

-

6

Debtors

Current

2024
£

2023
£

Trade debtors

1,409

-

 

1,409

-

7

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

(2,922)

1,648

Taxation and social security

 

6,366

(708)

Accruals and deferred income

 

1,200

1,440

Other creditors

 

10,302

1,790

 

14,946

4,170

 

Allpoints Painters and Decorators Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

(2,922)

1,648