Company Registration No. 11208936 (England and Wales)
DAVID WOOD PAINTER & DECORATOR LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
DAVID WOOD PAINTER & DECORATOR LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
DAVID WOOD PAINTER & DECORATOR LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
-
4,000
Tangible assets
4
-
0
18,756
-
22,756
Current assets
Stocks
-
345
Debtors
5
14,701
5,217
Cash at bank and in hand
10,562
21,636
25,263
27,198
Creditors: amounts falling due within one year
6
(21,098)
(16,680)
Net current assets
4,165
10,518
Total assets less current liabilities
4,165
33,274
Creditors: amounts falling due after more than one year
7
-
0
(7,623)
Provisions for liabilities
-
0
(1,209)
Net assets
4,165
24,442
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
4,065
24,342
Total equity
4,165
24,442

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

DAVID WOOD PAINTER & DECORATOR LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 19 November 2025 and are signed on its behalf by:
Mr. D D Wood
Mrs L Wood
Director
Director
Company Registration No. 11208936
DAVID WOOD PAINTER & DECORATOR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

David Wood Painter & Decorator Limited is a private company limited by shares incorporated in England and Wales. The registered office is 72 Grange Road, Shrewsbury, Shropshire, UK, SY3 9DF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been on a break up basis due to the cessation of trading on 31 March 2025. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is ten years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Not depreciated
Fixtures and fittings
20% reducing balance
Computers
25% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

DAVID WOOD PAINTER & DECORATOR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
DAVID WOOD PAINTER & DECORATOR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
10,000
Amortisation and impairment
At 1 April 2024
6,000
Amortisation charged for the year
4,000
At 31 March 2025
10,000
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
4,000
4
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2024
5,767
1,613
2,423
33,775
43,578
Disposals
(5,767)
(1,613)
(2,423)
(33,775)
(43,578)
At 31 March 2025
-
0
-
0
-
0
-
0
-
0
Depreciation and impairment
At 1 April 2024
-
0
1,143
1,361
22,318
24,822
Eliminated in respect of disposals
-
0
(1,143)
(1,361)
(22,318)
(24,822)
At 31 March 2025
-
0
-
0
-
0
-
0
-
0
Carrying amount
At 31 March 2025
-
0
-
0
-
0
-
0
-
0
At 31 March 2024
5,767
470
1,062
11,457
18,756
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
901
3,090
Other debtors
13,800
2,127
14,701
5,217
DAVID WOOD PAINTER & DECORATOR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
5,666
4,042
Trade creditors
1,419
1,498
Corporation tax
8,168
7,462
Other taxation and social security
4,345
1,560
Other creditors
-
0
618
Accruals and deferred income
1,500
1,500
21,098
16,680
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
5,623
Other creditors
-
0
2,000
-
7,623
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary "A" of £1 each
50
50
50
50
Ordinary "B" of £1 each
50
50
50
50
100
100
100
100
9
Directors' transactions

Dividends totalling £37,550 (2024 - £36,000) were paid in the year in respect of shares held by the company's directors.

Advances or credits have been granted by the company to its directors as follows:

Amounts advanced to the directors were repaid in full prior to the dissolution of the company in the immediate future.

Advances
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Advance free of interest
-
-
11,673
11,673
-
11,673
11,673
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