1 February 2024 v2025.36.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP099690372024-02-012025-01-31099690372025-01-31099690372024-01-3109969037core:WithinOneYear2025-01-3109969037core:WithinOneYear2024-01-3109969037core:AfterOneYear2025-01-3109969037core:AfterOneYear2024-01-3109969037core:ShareCapital2025-01-3109969037core:ShareCapital2024-01-3109969037core:RetainedEarningsAccumulatedLosses2025-01-3109969037core:RetainedEarningsAccumulatedLosses2024-01-3109969037bus:Director12024-02-012025-01-3109969037bus:RegisteredOffice2024-02-012025-01-3109969037core:FurnitureFittings2024-02-012025-01-3109969037core:OfficeEquipment2024-02-012025-01-31099690372023-02-012024-01-3109969037core:PlantMachinery2024-02-0109969037core:PlantMachinery2024-02-012025-01-3109969037core:PlantMachinery2025-01-3109969037core:PlantMachinery2024-01-310996903712024-02-012025-01-3109969037countries:EnglandWales2024-02-012025-01-3109969037bus:AuditExemptWithAccountantsReport2024-02-012025-01-3109969037bus:PrivateLimitedCompanyLtd2024-02-012025-01-3109969037bus:SmallEntities2024-02-012025-01-3109969037bus:FullAccounts2024-02-012025-01-31
Company registration number:
09969037
Perfection Decorating Ltd
Unaudited Filleted Financial Statements for the year ended
31 January 2025
Perfection Decorating Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Perfection Decorating Ltd
Year ended
31 January 2025
As described on the statement of financial position, the Board of Directors of
Perfection Decorating Ltd
are responsible for the preparation of the
financial statements
for the year ended
31 January 2025
, which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
TAG (Maidstone) Ltd
10 Coverdale Avenue
Maidstone
Kent
ME15 9DR
United Kingdom
Perfection Decorating Ltd
Statement of Financial Position
31 January 2025
20252024
Note££
Fixed assets    
Tangible assets 5
3,199
 
2,577
 
Current assets    
Stocks
1,000
 
1,000
 
Debtors 6
7,103
 
17,223
 
Cash at bank and in hand
2,457
 
2,991
 
10,560
 
21,214
 
Creditors: amounts falling due within one year 7
(8,429
)
(16,257
)
Net current assets
2,131
 
4,957
 
Total assets less current liabilities 5,330   7,534  
Creditors: amounts falling due after more than one year 8
(4,882
)
(7,072
)
Net assets
448
 
462
 
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
447
 
461
 
Shareholders funds
448
 
462
 
For the year ending
31 January 2025
, 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 financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
9 June 2025
, and are signed on behalf of the board by:
Mr T Briley
Director
Company registration number:
09969037
Perfection Decorating Ltd
Notes to the Financial Statements
Year ended
31 January 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
34 Wheatfield Way
,
Cranbrook
,
TN17 3NB
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
20% straight line
Office equipment
20% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2024:
1
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 February 2024
7,541
 
Additions
2,075
 
At
31 January 2025
9,616
 
Depreciation  
At
1 February 2024
4,964
 
Charge
1,453
 
At
31 January 2025
6,417
 
Carrying amount  
At
31 January 2025
3,199
 
At 31 January 2024
2,577
 

6 Debtors

20252024
££
Trade debtors
120
 
10,350
 
Other debtors
6,983
 
6,873
 
7,103
 
17,223
 

7 Creditors: amounts falling due within one year

20252024
££
Bank loans and overdrafts
4,951
 
7,883
 
Trade creditors
187
  -  
Taxation and social security
3,291
 
7,417
 
Other creditors -  
957
 
8,429
 
16,257
 

8 Creditors: amounts falling due after more than one year

20252024
££
Bank loans and overdrafts
4,882
 
7,072