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Company Registration No. NI060641 (Northern Ireland)
Paintz (NI) Limited Unaudited accounts for the year ended 31 May 2025
Paintz (NI) Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Paintz (NI) Limited Company Information for the year ended 31 May 2025
Director
Patrick O'Reilly
Company Number
NI060641 (Northern Ireland)
Registered Office
4A Abbey Yard Newry County Down BT34 2EG Northern Ireland
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Paintz (NI) Limited Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
3,651
4,564
Current assets
Debtors
203,299
185,186
Cash at bank and in hand
23,592
21,591
226,891
206,777
Creditors: amounts falling due within one year
(36,301)
(15,183)
Net current assets
190,590
191,594
Total assets less current liabilities
194,241
196,158
Creditors: amounts falling due after more than one year
(9,101)
(19,523)
Provisions for liabilities
Deferred tax
(644)
(644)
Net assets
184,496
175,991
Capital and reserves
Called up share capital
5
5
5
Profit and loss account
184,491
175,986
Shareholders' funds
184,496
175,991
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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 17 October 2025 and were signed on its behalf by
Patrick O'Reilly Director Company Registration No. NI060641
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Paintz (NI) Limited Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Paintz (NI) Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI060641. The registered office is 4A Abbey Yard, Newry, County Down, BT34 2EG, Northern Ireland.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Straight Line
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Paintz (NI) Limited Notes to the Accounts for the year ended 31 May 2025
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 June 2024
27,890
At 31 May 2025
27,890
Depreciation
At 1 June 2024
23,326
Charge for the year
913
At 31 May 2025
24,239
Net book value
At 31 May 2025
3,651
At 31 May 2024
4,564
5
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
5 Ordinary shares of £1 each
5
5
6
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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