The Paintworks (Gloucestershire) Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 07195465

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS

Creditors: Amounts Falling Due Within One Year	4	(3,823 )		(3,823 )

NET CURRENT ASSETS (LIABILITIES)			(3,823 )		(3,823 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(3,823 )		(3,823 )

Creditors: Amounts Falling Due After More Than One Year	5		(595 )		(595 )

NET LIABILITIES			(4,418 )		(4,418 )

CAPITAL AND RESERVES
Called up share capital	6		20		20
Profit and Loss Account			(4,438 )		(4,438 )

SHAREHOLDERS' FUNDS			(4,418)		(4,418)

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Caroline Dowdeswell

Director

15/12/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

The Paintworks (Gloucestershire) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07195465 . The registered office is Virgate Accounts Ltd, 1st Floor Olympus House, Gloucester, GL2 4NF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The director considers that the going concern basis of accounting is not appropriate, as the Company has no realistic alternative but to cease trading.

During the year, the director, Mr S Dowdeswell, passed away. Following his death, ownership of the Company passed to Mrs C Dowdeswell, who has confirmed that she will not be continuing the business. Accordingly, the financial statements have been prepared on a break-up basis.

Assets have been stated at the lower of their carrying value and estimated realisable value, and provisions have been made for any costs associated with the cessation of trading.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: 1)

4. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	3,823	3,823

5. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other creditors	595	595

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The Paintworks (Gloucestershire) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	20	20

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