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REGISTERED NUMBER: 12750603 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

J RILEY PAINTING & DECORATING LIMITED

J RILEY PAINTING & DECORATING LIMITED (REGISTERED NUMBER: 12750603)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J RILEY PAINTING & DECORATING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mr J A Riley
Mrs K E Riley





REGISTERED OFFICE: Orion House
28A Spital Terrace
GAINSBOROUGH
Lincolnshire
DN21 2HQ





REGISTERED NUMBER: 12750603 (England and Wales)





ACCOUNTANTS: Shucksmith Accountants (Gainsborough) Limited
94-96 Oswald Road
SCUNTHORPE
North Lincolnshire
DN15 7PA

J RILEY PAINTING & DECORATING LIMITED (REGISTERED NUMBER: 12750603)

BALANCE SHEET
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,800 6,000
Tangible assets 5 35,743 1,233
40,543 7,233

CURRENT ASSETS
Stocks 6,670 14,499
Debtors 6 53,956 17,144
Cash at bank - 4,497
60,626 36,140
CREDITORS
Amounts falling due within one year 7 47,832 38,005
NET CURRENT ASSETS/(LIABILITIES) 12,794 (1,865 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,337

5,368

CREDITORS
Amounts falling due after more than one
year

8

(25,133

)

-

PROVISIONS FOR LIABILITIES 9 (6,791 ) (234 )
NET ASSETS 21,413 5,134

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 21,313 5,034
SHAREHOLDERS' FUNDS 21,413 5,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

J RILEY PAINTING & DECORATING LIMITED (REGISTERED NUMBER: 12750603)

BALANCE SHEET - continued
31 MARCH 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2025 and were signed on its behalf by:





Mr J A Riley - Director


J RILEY PAINTING & DECORATING LIMITED (REGISTERED NUMBER: 12750603)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

J Riley Painting & Decorating 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 2021, is being amortised evenly over its estimated useful life of five 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

J RILEY PAINTING & DECORATING LIMITED (REGISTERED NUMBER: 12750603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 12,000
AMORTISATION
At 1 April 2024 6,000
Charge for year 1,200
At 31 March 2025 7,200
NET BOOK VALUE
At 31 March 2025 4,800
At 31 March 2024 6,000

J RILEY PAINTING & DECORATING LIMITED (REGISTERED NUMBER: 12750603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 578 761 - 571 1,910
Additions 4,426 - 40,358 960 45,744
Disposals - - - (48 ) (48 )
At 31 March 2025 5,004 761 40,358 1,483 47,606
DEPRECIATION
At 1 April 2024 223 295 - 159 677
Charge for year 717 70 10,089 338 11,214
Eliminated on disposal - - - (28 ) (28 )
At 31 March 2025 940 365 10,089 469 11,863
NET BOOK VALUE
At 31 March 2025 4,064 396 30,269 1,014 35,743
At 31 March 2024 355 466 - 412 1,233

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 40,358
At 31 March 2025 40,358
NET BOOK VALUE
At 31 March 2025 40,358

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 26,414 9,151
Tax 25,886 7,993
Prepayments and accrued income 1,656 -
53,956 17,144

J RILEY PAINTING & DECORATING LIMITED (REGISTERED NUMBER: 12750603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 4,003 -
Hire purchase contracts 7,937 -
Trade creditors 1,064 -
Corporation tax 8,827 11,228
VAT 20,114 23,399
Other creditors 86 819
Directors' current accounts 2,542 1,337
Accruals and deferred income 3,259 1,222
47,832 38,005

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts 25,133 -

9. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax 6,791 234

Deferred
tax
£   
Balance at 1 April 2024 234
Accelerated capital allowances 6,557
Balance at 31 March 2025 6,791

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 April 2024 5,034
Profit for the year 64,279
Dividends (48,000 )
At 31 March 2025 21,313

J RILEY PAINTING & DECORATING LIMITED (REGISTERED NUMBER: 12750603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
Mr J A Riley
Balance outstanding at start of year - 5,311
Amounts repaid - (5,311 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

During the year, Mr J A Riley - a director and 80% shareholder - charged the company £520 (2024 - £312) for use of home as office.

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £48,000 (2024 - £22,000) were paid to the directors .

At 31 March 2025 there was a balance owed by the company to Mr J A Riley, a director and 80% shareholder of £2,542 (2024 - £1,337).

This balance has been shown in Creditors.

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J A Riley.