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Company Registration No. 10179830 (England and Wales)
Splash Paris Limited Unaudited accounts for the year ended 31 October 2024
Splash Paris Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Splash Paris Limited Company Information for the year ended 31 October 2024
Directors
Alexandra Louise Lyles Claire Gillean Spencer Churchill
Company Number
10179830 (England and Wales)
Registered Office
1 Netherwood Place London W14 0BW England
Accountants
Premium Accounting Services Limited A4-55 Peel Road, Harrow Harrow Middlesex HA3 7QT
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Splash Paris Limited Statement of financial position as at 31 October 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
8,885
8,659
Current assets
Debtors
5
320,122
329,850
Cash at bank and in hand
134,677
120,752
454,799
450,602
Creditors: amounts falling due within one year
6
(161,823)
(142,568)
Net current assets
292,976
308,034
Net assets
301,861
316,693
Capital and reserves
Called up share capital
100
100
Profit and loss account
301,761
316,593
Shareholders' funds
301,861
316,693
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 28 July 2025 and were signed on its behalf by
Alexandra Louise Lyles Director Company Registration No. 10179830
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Splash Paris Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Splash Paris Limited is a private company, limited by shares, registered in England and Wales, registration number 10179830. The registered office is 1 Netherwood Place, London, W14 0BW, 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:
Plant & machinery
25 % Straight line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Splash Paris Limited Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 November 2023
18,900
Additions
3,342
At 31 October 2024
22,242
Depreciation
At 1 November 2023
10,241
Charge for the year
3,116
At 31 October 2024
13,357
Net book value
At 31 October 2024
8,885
At 31 October 2023
8,659
5
Debtors
2024
2023
£
£
Amounts falling due within one year
VAT
109,295
-
Trade debtors
6,445
198,213
Amounts due from group undertakings etc.
-
21,578
Accrued income and prepayments
204,382
7,273
Other debtors
-
102,786
320,122
329,850
6
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
4,883
16,410
Trade creditors
49,856
-
Amounts owed to group undertakings and other participating interests
11,188
-
Taxes and social security
13,483
60,208
Other creditors
16,785
-
Loans from directors
62,000
62,000
Accruals
3,628
3,950
161,823
142,568
At the year end, the balance due to the directors is £62,000 (2023: £62,000) and it is included in other creditors.
7
Transactions with related parties
Claret Showroom Ltd is a related party by virtue of common directors, Claire Spencer-Churchill and Alexandra Lyles. During the year, the company net received £6,247 from Claret Showroom Ltd as a short-term loan. Balance payable to Claret Showroom Ltd at the year-end is £11,188 (2023 : payable £21,578).
- 6 -
Splash Paris Limited Notes to the Accounts for the year ended 31 October 2024
8
Average number of employees
During the year the average number of employees was 3 (2023: 4).
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