REGISTERED NUMBER: 13854805 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

BNC PAINTING & DECORATING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B N Canavan

SECRETARY:

REGISTERED OFFICE:

367B Church Road

Frampton Cotterell

Bristol

BS36 2AQ

REGISTERED NUMBER:

13854805 (England and Wales)

ACCOUNTANTS:

Keller & Co

367b Church Road

Frampton Cotterell

Bristol

BS36 2AQ

FIXED ASSETS

Intangible assets

4

2,000

4,000

Tangible assets

5

100,344

15,358

102,344

19,358

CURRENT ASSETS

Stocks

5,045

1,975

Debtors

6

103,864

17,436

Cash at bank

220,887

166,213

329,796

185,624

CREDITORS

Amounts falling due within one year

7

(190,475

)

(165,298

)

NET CURRENT ASSETS

139,321

20,326

TOTAL ASSETS LESS CURRENT LIABILITIES

241,665

39,684

CREDITORS

Amounts falling due after more than one year

8

(76,645

)

(13,200

)

PROVISIONS FOR LIABILITIES

(27,207

)

(5,789

)

NET ASSETS

137,813

20,695

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

137,712

20,594

SHAREHOLDERS' FUNDS

137,813

20,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 August 2026 and were signed by:

B N Canavan - Director

1.	STATUTORY INFORMATION

BNC Painting & Decorating Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

10,000

AMORTISATION

At 1 February 2025

6,000

Amortisation for year

2,000

At 31 January 2026

8,000

NET BOOK VALUE

At 31 January 2026

2,000

At 31 January 2025

4,000

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2025

2,365

35,045

2,028

39,438

Additions

1,001

116,345

1,998

119,344

Disposals

-

-

(1,032

)

(1,032

)

At 31 January 2026

3,366

151,390

2,994

157,750

DEPRECIATION

At 1 February 2025

837

21,903

1,340

24,080

Charge for year

632

32,372

666

33,670

Eliminated on disposal

-

-

(344

)

(344

)

At 31 January 2026

1,469

54,275

1,662

57,406

NET BOOK VALUE

At 31 January 2026

1,897

97,115

1,332

100,344

At 31 January 2025

1,528

13,142

688

15,358

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 February 2025

26,995

Additions

116,345

At 31 January 2026

143,340

DEPRECIATION

At 1 February 2025

16,872

Charge for year

26,867

At 31 January 2026

43,739

NET BOOK VALUE

At 31 January 2026

99,601

At 31 January 2025

10,123

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

50,119

13,299

Other debtors

53,745

4,137

103,864

17,436

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

9,080

4,585

Trade creditors

10,634

13,843

Taxation and social security

51,754

38,483

Other creditors

119,007

108,387

190,475

165,298

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

76,645

13,200

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed Mr B Canavan, a director of the company, £111,274 [2025: £83,249) This amount is included within other creditors.

10.	RELATED PARTY DISCLOSURES

The company is controlled by Mr B Canavan by virtue of his shareholding.

Mr B Canavan, a director of the company, is also a director of BNC Property Developments Ltd and CK Properties (Bristol) Ltd.

During the period, the company advanced an interest-free loan to CK Properties (Bristol) Ltd, a company in which Mr B Canavan, a director of the company, is also a director. At the balance sheet date, the amount outstanding was £51,375. The loan is unsecured and repayable on demand.