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Company Registration No. 16420621 (England and Wales)
Picasso Art School Limited Unaudited accounts for the period from 30 April 2025 to 30 April 2026
Picasso Art School Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Picasso Art School Limited Company Information for the period from 30 April 2025 to 30 April 2026
Directors
ALHAFFAR, Ammar Almawardi LAL, Sage, Dr
Company Number
16420621 (England and Wales)
Registered Office
17 Larkswood Drive Wolverhampton WV4 4UB England
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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Picasso Art School Limited Statement of financial position as at 30 April 2026
2026
Notes
£
Current assets
Debtors
4
2
Creditors: amounts falling due within one year
5
(59)
Net current liabilities
(57)
Net liabilities
(57)
Capital and reserves
Called up share capital
2
Profit and loss account
(59)
Shareholders' funds
(57)
For the period ending 30 April 2026 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 directors acknowledge their responsibilities for complying with the requirements of the Act 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 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 of Directors and authorised for issue on 1 July 2026 and were signed on its behalf by
LAL, Sage, Dr Director Company Registration No. 16420621
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Picasso Art School Limited Notes to the Accounts for the period from 30 April 2025 to 30 April 2026
1
Statutory information
Picasso Art School Limited is a private company, limited by shares, registered in England and Wales, registration number 16420621. The registered office is 17 Larkswood Drive, Wolverhampton, WV4 4UB, England.
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 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Debtors
2026
£
Amounts falling due within one year
Other debtors
2
5
Creditors: amounts falling due within one year
2026
£
Accruals
59
6
Average number of employees
During the period the average number of employees was 2.
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