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Registration number: 11761281

Justin Haynes Painters & Decorators Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Justin Haynes Painters & Decorators Limited
for the Year Ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Justin Haynes Painters & Decorators Limited for the year ended 30 April 2025 as set out on pages 2 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Justin Haynes Painters & Decorators Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Justin Haynes Painters & Decorators Limited and state those matters that we have agreed to state to the Board of Directors of Justin Haynes Painters & Decorators Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Justin Haynes Painters & Decorators Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Justin Haynes Painters & Decorators Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Justin Haynes Painters & Decorators Limited. You consider that Justin Haynes Painters & Decorators Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Justin Haynes Painters & Decorators Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Moore Thompson
Chartered Accountants
22 St George Street
Stamford
Lincs
PE9 2BU

11 February 2026

Justin Haynes Painters & Decorators Limited

(Registration number: 11761281)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 24,849 | 4,872
Current assets |  |  |
Stocks | 6 | 36,748 | 9,650
Debtors | 7 | 34,777 | 52,934
Cash at bank and in hand |  | 41,247 | 84,562
|  | 112,772 | 147,146
Creditors: Amounts falling due within one year | 8 | (69,559) | (49,429)
Net current assets |  | 43,213 | 97,717
Total assets less current liabilities |  | 68,062 | 102,589
Provisions for liabilities |  | (4,721) | (1,208)
Net assets |  | 63,341 | 101,381
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 63,241 | 101,281
Shareholders' funds |  | 63,341 | 101,381

Justin Haynes Painters & Decorators Limited

(Registration number: 11761281)
Balance Sheet as at 30 April 2025

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board for issue on 11 February 2026 and signed on its behalf by:

.........................................

J Haynes

Director

Justin Haynes Painters & Decorators Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
13 Vine Cottage
Counthorpe
Grantham
Lincolnshire
NG33 4QD

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Justin Haynes Painters & Decorators Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and equipment | 33% reducing balance
Motor vehicles | 25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 5 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Justin Haynes Painters & Decorators Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Justin Haynes Painters & Decorators Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 May 2024 | 25,000 | 25,000
At 30 April 2025 | 25,000 | 25,000
Amortisation
At 1 May 2024 | 25,000 | 25,000
At 30 April 2025 | 25,000 | 25,000
Carrying amount
At 30 April 2025 | - | -

5 | Tangible assets

| Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 May 2024 | 9,000 | 3,758 | 12,758
Additions | 27,991 | 291 | 28,282
Disposals | (9,000) | - | (9,000)
At 30 April 2025 | 27,991 | 4,049 | 32,040
Depreciation
At 1 May 2024 | 5,217 | 2,669 | 7,886
Charge for the year | 4,082 | 440 | 4,522
Eliminated on disposal | (5,217) | - | (5,217)
At 30 April 2025 | 4,082 | 3,109 | 7,191
Carrying amount
At 30 April 2025 | 23,909 | 940 | 24,849
At 30 April 2024 | 3,783 | 1,089 | 4,872

6 | Stocks

| 2025 £ | 2024 £
Work in progress | 31,748 | 5,150
Other inventories | 5,000 | 4,500
| 36,748 | 9,650

Justin Haynes Painters & Decorators Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 33,648 | 52,135
Prepayments | 1,129 | 799
| 34,777 | 52,934

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 12,889 | 383
Amounts owed to related parties |  | 40,814 | 5,276
Taxation and social security |  | 2,017 | 11,643
Other creditors |  | 13,839 | 32,127
|  | 69,559 | 49,429