REGISTERED NUMBER: 03911253 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

PAINTMASTER (2000) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G E Dignan

Mrs A J Dignan

Mr B Dignan

REGISTERED OFFICE:

Units 12 - 17

Bingswood Industrial Estate

Whaley Bridge

High Peak

Derbyshire

SK23 7LY

REGISTERED NUMBER:

03911253 (England and Wales)

ACCOUNTANT:

Andrew W Berens FCA.

Chartered Accountant

48 Ringley Drive

Whitefield

Manchester

M45 7LR

BANKERS:

Royal Bank of Scotland

36 St Andrew Square

Edinburgh

FIXED ASSETS

Tangible assets

4

121,424

108,773

CURRENT ASSETS

Stocks

265,000

305,000

Debtors

5

202,511

234,419

Cash at bank and in hand

789,838

549,815

1,257,349

1,089,234

CREDITORS

Amounts falling due within one year

6

(732,081

)

(611,006

)

NET CURRENT ASSETS

525,268

478,228

TOTAL ASSETS LESS CURRENT LIABILITIES

646,692

587,001

CREDITORS

Amounts falling due after more than one year

7

(18,100

)

-

NET ASSETS

628,592

587,001

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

628,588

586,997

SHAREHOLDERS' FUNDS

628,592

587,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 4 September 2025 and were signed on its behalf by:

Mr G E Dignan - Director

1.	STATUTORY INFORMATION

Paintmaster (2000) 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

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.

Hire purchase and leasing commitments

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

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 27 (2024 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2024

409,761

Additions

50,648

At 30 April 2025

460,409

DEPRECIATION

At 1 May 2024

300,988

Charge for year

37,997

At 30 April 2025

338,985

NET BOOK VALUE

At 30 April 2025

121,424

At 30 April 2024

108,773

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

26,995

70,601

Other debtors

70

-

Prepayments

175,446

163,818

202,511

234,419

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

14,148

3,859

Trade creditors

486,414

414,499

Tax

21,098

(2,247

)

Social security and other taxes

32,569

27,118

Net wages control account

46,040

38,105

VAT

64,121

50,376

Pensions control

5,539

5,271

Directors' current accounts

50,000

50,000

Accrued expenses

12,152

24,025

732,081

611,006

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

18,100

-