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COMPANY REGISTRATION NUMBER: 02570955

Ramsey Paint Company Limited

Filleted Unaudited Abridged Financial Statements

31 May 2025

Ramsey Paint Company Limited

Abridged Financial Statements

Year Ended 31 May 2025

Contents | Pages

Officers and professional advisers | 1

Abridged statement of financial position | 2 to 3

Notes to the abridged financial statements | 4 to 6

Ramsey Paint Company Limited

Officers and Professional Advisers

The board of directors | Mr H Talton
| Mr A J Talton

Company secretary | Mr H Talton

Registered office | 16 Little Whyte
| Ramsey
| Huntingdon
| Cambs
| PE26 1DS

Accountants | SR Howell & Co
| Chartered Certified Accountants
| 88 High Street
| Ramsey
| Huntingdon
| Cambs
| PE26 1BS

Ramsey Paint Company Limited

Abridged Statement of Financial Position

31 May 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible assets | 5 | 537 | 717

Current assets

Stocks | 33,766 | 53,085
Debtors | 7,021 | 7,021
Cash at bank and in hand | 6,000 | 4,486
| -------- | --------
| 46,787 | 64,592

Creditors: amounts falling due within one year | 311,278 | 286,866
| --------- | ---------
Net current liabilities | 264,491 | 222,274
| --------- | ---------
Total assets less current liabilities | ( 263,954) | ( 221,557)
| --------- | ---------
Net liabilities | ( 263,954) | ( 221,557)
| --------- | ---------

Capital and reserves

Called up share capital | 2,000 | 2,000
Profit and loss account | ( 265,954) | ( 223,557)
| --------- | ---------
Shareholders deficit | ( 263,954) | ( 221,557)
| --------- | ---------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

Ramsey Paint Company Limited

Abridged Statement of Financial Position (continued)

31 May 2025
These abridged financial statements were approved by the board of directors and authorised for issue on 15 October 2025 , and are signed on behalf of the board by:
„„„„„„„„„„„„„
Mr H Talton Director
Company registration number: 02570955

Ramsey Paint Company Limited

Notes to the Abridged Financial Statements

Year Ended 31 May 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 16 Little Whyte, Ramsey, Huntingdon, Cambs, PE26 1DS.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
3.1 Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
3.2 Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
3.3 Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
3.4 Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant & machinery | - | 25% reducing balance
| Fixtures & fittings | - | 25% reducing balance
| Motor vehicles | - | 25% reducing balance
| Office equipment | - | 25% reducing balance

3.5 Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
3.6 Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 4 ).
5. Tangible assets

| £
Cost |
At 1 June 2024 and 31 May 2025 | 57,350
| --------
Depreciation |
At 1 June 2024 | 56,633
Charge for the year | 180
| --------
At 31 May 2025 | 56,813
| --------
Carrying amount |
At 31 May 2025 | 537
| --------
At 31 May 2024 | 717
| --------

6. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:

| 2025
|  | Balance brought forward | Advances/ (credits) to the directors | Balance outstanding
|  | £ | £ | £
| Two directors | ( 276,606) | ( 26,260) | ( 302,866)
|  | --------- | -------- | ---------

| 2024
|  | Balance brought forward | Advances/ (credits) to the directors | Balance outstanding
|  | £ | £ | £
| Two directors | ( 176,375) | ( 100,231) | ( 276,606)
|  | --------- | --------- | ---------