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Company Registration No. 12371003 (England and Wales)
FTPAINTS LTD Unaudited accounts for the year ended 31 December 2024
FTPAINTS LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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FTPAINTS LTD Company Information for the year ended 31 December 2024
Director
Fabio Viegas D'Abreu Menezes Trovoada
Company Number
12371003 (England and Wales)
Registered Office
UNIT B2 OLD CHURCH ROAD LITTLE HEATH INDUSTRIAL ESTATE COVENTRY CV6 7NB ENGLAND
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FTPAINTS LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
22,410 
4,265 
Current assets
Inventories
85,647 
47,001 
Debtors
5
- 
10,110 
Cash at bank and in hand
12,739 
23,496 
98,386 
80,607 
Creditors: amounts falling due within one year
6
(32,404)
(15,736)
Net current assets
65,982 
64,871 
Total assets less current liabilities
88,392 
69,136 
Creditors: amounts falling due after more than one year
7
(15,000)
(25,002)
Net assets
73,392 
44,134 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
23,272 
23,272 
Profit and loss account
50,119 
20,861 
Shareholders' funds
73,392 
44,134 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 September 2025 and were signed on its behalf by
Fabio Viegas D'Abreu Menezes Trovoada Director Company Registration No. 12371003
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FTPAINTS LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
FTPAINTS LTD is a private company, limited by shares, registered in England and Wales, registration number 12371003. The registered office is UNIT B2 OLD CHURCH ROAD, LITTLE HEATH INDUSTRIAL ESTATE, COVENTRY, CV6 7NB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% straight line
Fixtures & fittings
15% reducing line
Computer equipment
15% reducing line
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
6,667 
3,500 
1,396 
11,563 
Additions
24,090 
- 
1,215 
25,305 
At 31 December 2024
30,757 
3,500 
2,611 
36,868 
Depreciation
At 1 January 2024
5,417 
1,672 
209 
7,298 
Charge for the year
6,068 
700 
392 
7,160 
At 31 December 2024
11,485 
2,372 
601 
14,458 
Net book value
At 31 December 2024
19,272 
1,128 
2,010 
22,410 
At 31 December 2023
1,250 
1,828 
1,187 
4,265 
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FTPAINTS LTD Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
10,110 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,988 
1,242 
Taxes and social security
6,665 
4,754 
Other creditors
966 
- 
Loans from directors
19,785 
9,740 
32,404 
15,736 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,000 
25,002 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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