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Company Registration No. 12671483 (England and Wales)
Villa Paint & Construction Ltd Unaudited accounts for the year ended 31 May 2025
Villa Paint & Construction Ltd Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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Villa Paint & Construction Ltd Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
11,770
14,712
Current assets
Debtors
5
13,320
17,520
Cash at bank and in hand
10,767
10,143
24,087
27,663
Creditors: amounts falling due within one year
6
(16,064)
(16,333)
Net current assets
8,023
11,330
Net assets
19,793
26,042
Capital and reserves
Called up share capital
100
100
Profit and loss account
19,693
25,942
Shareholders' funds
19,793
26,042
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 11 February 2026 and were signed on its behalf by
Memili Aydemir Director Company Registration No. 12671483
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Villa Paint & Construction Ltd Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Villa Paint & Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 12671483. The registered office is 20 Willinghall Close, Waltham Abbey, EN9 1PW, 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.
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.
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
20% Reducing balance method
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 June 2024
29,990
At 31 May 2025
29,990
Depreciation
At 1 June 2024
15,278
Charge for the year
2,942
At 31 May 2025
18,220
Net book value
At 31 May 2025
11,770
At 31 May 2024
14,712
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Villa Paint & Construction Ltd Notes to the Accounts for the year ended 31 May 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
13,320
17,520
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
9,160
9,160
Taxes and social security
20
4,836
Other creditors
-
2,337
Loans from directors
6,044
-
Accruals
840
-
16,064
16,333
7
Average number of employees
During the year the average number of employees was 0 (2024: 1).
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