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REGISTERED NUMBER: 04836689 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

AUTOPAINTS (BRIGHTON) LIMITED

AUTOPAINTS (BRIGHTON) LIMITED (REGISTERED NUMBER: 04836689)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AUTOPAINTS (BRIGHTON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: P Wilcox





SECRETARY: Mrs J Wilcox





REGISTERED OFFICE: The Mill Building
31-35 Chatsworth Road
Worthing
West Sussex
BN11 1LY





REGISTERED NUMBER: 04836689 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

AUTOPAINTS (BRIGHTON) LIMITED (REGISTERED NUMBER: 04836689)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 767,582 738,731
Investments 6 10,155 10,155
777,737 748,886

CURRENT ASSETS
Stocks 7 85,000 85,000
Debtors 8 236,152 284,902
Cash at bank and in hand 1,210,077 826,691
1,531,229 1,196,593
CREDITORS
Amounts falling due within one year 9 296,673 179,883
NET CURRENT ASSETS 1,234,556 1,016,710
TOTAL ASSETS LESS CURRENT LIABILITIES 2,012,293 1,765,596

PROVISIONS FOR LIABILITIES 10 19,595 8,032
NET ASSETS 1,992,698 1,757,564

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 1,992,693 1,757,559
1,992,698 1,757,564

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 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 Income Statement has not been delivered.

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





P Wilcox - Director


AUTOPAINTS (BRIGHTON) LIMITED (REGISTERED NUMBER: 04836689)

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


1. STATUTORY INFORMATION

Autopaints (Brighton) 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 represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty 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.
Freehold property - 2% on cost
Fixtures and fittings - 25% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

AUTOPAINTS (BRIGHTON) LIMITED (REGISTERED NUMBER: 04836689)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 84,750
AMORTISATION
At 1 April 2024
and 31 March 2025 84,750
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2024 853,425 - 49,772
Additions - 64,949 893
Disposals - - -
At 31 March 2025 853,425 64,949 50,665
DEPRECIATION
At 1 April 2024 151,100 - 41,482
Charge for year 17,068 1,855 2,125
Eliminated on disposal - - -
At 31 March 2025 168,168 1,855 43,607
NET BOOK VALUE
At 31 March 2025 685,257 63,094 7,058
At 31 March 2024 702,325 - 8,290

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 118,397 3,956 1,025,550
Additions - 1,082 66,924
Disposals (21,482 ) - (21,482 )
At 31 March 2025 96,915 5,038 1,070,992
DEPRECIATION
At 1 April 2024 90,952 3,285 286,819
Charge for year 3,578 315 24,941
Eliminated on disposal (8,350 ) - (8,350 )
At 31 March 2025 86,180 3,600 303,410
NET BOOK VALUE
At 31 March 2025 10,735 1,438 767,582
At 31 March 2024 27,445 671 738,731

AUTOPAINTS (BRIGHTON) LIMITED (REGISTERED NUMBER: 04836689)

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


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2024
and 31 March 2025 10,155
NET BOOK VALUE
At 31 March 2025 10,155
At 31 March 2024 10,155

7. STOCKS
2025 2024
£    £   
Stocks 85,000 85,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 226,011 275,071
Loan Autopaints South East 2,700 2,700
Prepayments 7,441 7,131
236,152 284,902

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts - 76
Trade creditors 177,347 88,094
Tax 81,021 48,213
Social security and other taxes 4,665 2,793
VAT 21,448 28,604
Other creditors 4,400 2,457
Mr Aerosol Ltd Loan 4,493 5,993
Auto Enrol Control 267 282
Accrued expenses 3,032 3,371
296,673 179,883

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax
Provision Brought Forward 8,032 8,193
Provision Released in Year 11,563 (161 )
19,595 8,032

Deferred
tax
£   
Balance at 1 April 2024 8,032
Provided during year 11,563
Accelerated Capital allowances
Balance at 31 March 2025 19,595

AUTOPAINTS (BRIGHTON) LIMITED (REGISTERED NUMBER: 04836689)

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


11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2025 2024
£    £   
P Wilcox
Balance outstanding at start of year - -
Amounts advanced 43,436 47,646
Amounts repaid (43,436 ) (47,646 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

12. ULTIMATE CONTROLLING PARTY

The controlling party is P Wilcox.

This was by virtue of his 60% holding of the issued share capital.