Paint&Eye Limited

Paint&Eye Limited
Contents Page
For the year ended 31 May 2026

Accountants' Report	1
Statement of Financial Position	2
Notes to the Financial Statements	3

Paint&Eye Limited Accountants' Report For the year ended 31 May 2026
Accountant’s report You consider that the company is exempt from an audit for the year ended 31 May 2026 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. B & M ACCOUNTANCY LIMITED 31 May 2026 .................................................... B & M ACCOUNTANCY LIMITED 52 DALE VIEW AVENUE CHINGFORD LONDON E4 6PL 15 July 2026 1

Paint&Eye Limited
Accountants' Report
For the year ended 31 May 2026

Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 May 2026 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
B & M ACCOUNTANCY LIMITED
31 May 2026

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

B & M ACCOUNTANCY LIMITED
52 DALE VIEW AVENUE
CHINGFORD
LONDON
E4 6PL
15 July 2026

1

Paint&Eye Limited
Statement of Financial Position
As at 31 May 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	371	1,366
Investments		0	1
		371	1,367
Current assets
Debtors		0	930
Cash at bank and in hand		191,485	46,451
		191,485	47,381
Creditors: amount falling due within one year		(93,995)	(13,285)
Net current assets		97,490	34,096

Total assets less current liabilities		97,861	35,463
Net assets		97,861	35,463

Capital and reserves
Called up share capital	4	100	100
Profit and loss account		97,761	35,363
Shareholders' funds		97,861	35,463

For the year ended 31 May 2026 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 15 July 2026 and were signed on its behalf by:

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Mark SmaleAdams
Director

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Lesley SmaleAdams
Director

2

Paint&Eye Limited
Notes to the Abridged Financial Statements
For the year ended 31 May 2026

General Information

Paint&Eye Limited is a private company, limited by shares, registered in , registration number 12022555, registration address 110 PLIMSOLL ROAD, LONDON, N4 2ED.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

During the period dividends totalling £80000 were paid., being £31333 paid on 30 September 2025 and £48667 paid at the balance sheet date

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% per annum Reducing Balance
Computer Equipment	33% per annum Reducing Balance

Fixed asset investments

During the period the fixed asset investment brought forward, which represented the company's interest in 33.3% of the issued share capital of Metropolis Construction Limited, being one ordinary share of £1 par value., was disposed of for £150000
Fixed asset investments are stated at cost less provision for any permanent diminution in value.

2.	Average number of employees Average number of employees during the year was 2 (2025 : 2).

3.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Computer Equipment	Total
	£	£	£
At 01 June 2025	2,870	3,571	6,441
Additions	-	-	-
Disposals	-	-	-
At 31 May 2026	2,870	3,571	6,441
Depreciation
At 01 June 2025	2,375	2,700	5,075
Charge for year	125	870	995
On disposals	-	-	-
At 31 May 2026	2,500	3,570	6,070
Net book values
Closing balance as at 31 May 2026	370	1	371
Opening balance as at 01 June 2025	495	871	1,366

4.

Share Capital

Allotted, called up and fully paid	2026 £		2025 £
100 Class A shares of £1.00 each	100		100
	100		100

3

Registered Number: 12022555

PAINT&EYE LIMITED

Abridged Accounts

Period of accounts Start date: 01 June 2025 End date: 31 May 2026