PAINT TEC & AWR LIMITED - Filleted accounts

Registered number

06540439

PAINT TEC & AWR LIMITED

Filleted Accounts

30 April 2026

PAINT TEC & AWR LIMITED
Registered number:		06540439
Balance Sheet
as at 30 April 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	4		94,846			104,247
Investments	5		100			100
			94,946			104,347

Current assets
Stocks		32,430			32,015
Debtors	6	325,919			319,028
Cash at bank and in hand		38,848			44,145
		397,197			395,188

Creditors: amounts falling due within one year	7	(193,402)			(209,336)

Net current assets			203,795			185,852

Total assets less current liabilities			298,741			290,199

Creditors: amounts falling due after more than one year	8		-			(887)

Provisions for liabilities			(371)			(11,569)


Net assets			298,370			277,743

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			297,370			276,743

Shareholder's funds			298,370			277,743

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




MR JC HINDLE
Director
Approved by the board on 2 June 2026

PAINT TEC & AWR LIMITED
Notes to the Accounts
for the year ended 30 April 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Improvements to leasehold property			5% straight line
	Plant and machinery			20% net book value
	Motor vehicles			25% straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					19		21


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 May 2025							150,000
	At 30 April 2026							150,000

	Amortisation
	At 1 May 2025							150,000
	At 30 April 2026							150,000

	Net book value
	At 30 April 2026							-

	Goodwill has been written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Improvements to leasehold property		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 May 2025	44,533		282,002		61,649		388,184
	Additions	-		7,377		15,500		22,877
	Disposals	-		-		(23,799)		(23,799)
	At 30 April 2026	44,533		289,379		53,350		387,262

	Depreciation
	At 1 May 2025	17,313		217,052		49,572		283,937
	Charge for the year	2,227		14,465		6,687		23,379
	On disposals	-		-		(14,900)		(14,900)
	At 30 April 2026	19,540		231,517		41,359		292,416

	Net book value
	At 30 April 2026	24,993		57,862		11,991		94,846
	At 30 April 2025	27,220		64,950		12,077		104,247


5	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 May 2025							100

	At 30 April 2026							100


6	Debtors					2026		2025
£							£

	Trade debtors					93,417		91,188
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					203,777		197,773
	Other debtors					28,725		30,067
						325,919		319,028


7	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					893		10,488
	Trade creditors					128,042		119,173
	Taxation and social security costs					42,489		59,213
	Other creditors (inc. director's loan account £1357 (2025 £1393))					21,978		20,462
						193,402		209,336


8	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					-		887


9	Other financial commitments					2026		2025
£							£

	Total future minimum payments under non-cancellable operating leases					24,719		34,701


10	Related party transactions
	Mr JC Hindle
	Director
	Licence Fee for use by Company of premises and surrounding land. Current Agreement commenced on 6 April 2026 for 12 months at £3500pm. This replaced an Agreement that commenced on 6 April 2025 at £3500pm.
	Dividends received from the Company during the year amounting to £500.
11	Controlling party

	The issued share capital of the company is wholly owned by Mr J C Hindle.


12	Other information

	PAINT TEC & AWR LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	REVERS STREET GARAGE
	REVERS STREET
	BURY
	LANCS
	BL8 1AQ