Registration number: 10279357

Directors' Report for the Year Ended 31 July 2026

The directors present their report and the financial statements for the year ended 31 July 2026.

Directors of the company

The directors who held office during the year were as follows:

Mr Matthew James Wilcox

Mr Stephen Mark Pearce

Principal activity

The principal activity of the company is 43341 - Painting

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 31 August 2026 and signed on its behalf by:
 

......................................... Mr Matthew James Wilcox Director

......................................... Mr Stephen Mark Pearce Director

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Image Painting Contractors Limited
for the Year Ended 31 July 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Image Painting Contractors Limited for the year ended 31 July 2026 as set out on pages 3 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Image Painting Contractors Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Image Painting Contractors Limited and state those matters that we have agreed to state to the Board of Directors of Image Painting Contractors Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Image Painting Contractors Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Image Painting Contractors Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Image Painting Contractors Limited. You consider that Image Painting Contractors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Image Painting Contractors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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

R S Porter & Co Limited
The Old Dairy
Ashton Hill Farm
Weston Road
Failand
Bristol
BS8 3US

31 August 2026

(Registration number: 10279357)
Balance Sheet as at 31 July 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	87,566	53,742
Current assets
Debtors	6	319,071	150,680
Cash at bank and in hand		155,468	189,406
		474,539	340,086
Creditors: Amounts falling due within one year	7	(217,783)	(146,317)
Net current assets		256,756	193,769
Total assets less current liabilities		344,322	247,511
Creditors: Amounts falling due after more than one year	7	(27,769)	(21,821)
Net assets		316,553	225,690
Capital and reserves
Called up share capital	8	11	11
Retained earnings		316,542	225,679
Shareholders' funds		316,553	225,690

For the financial year ending 31 July 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; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 31 August 2026 and signed on its behalf by:
 

......................................... Mr Matthew James Wilcox Director

......................................... Mr Stephen Mark Pearce Director

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Somerdale Avenue
Milton
Weston-Super-Mare
BS22 8ED
England

These financial statements were authorised for issue by the Board on 31 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance
Plant and machinery	25% reducing balance
Office equipment	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2025 - 7).

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

4	Profit before tax

Arrived at after charging/(crediting)

	2026 £	2025 £
Depreciation expense	27,085	17,914

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

5	Tangible assets

	Short leasehold land and buildings £	Plant and machinery £	Office equipment £	Motor vehicles  £
Cost or valuation
At 1 August 2025	-	4,824	4,000	122,859
Additions	19,695	-	1,425	39,789
At 31 July 2026	19,695	4,824	5,425	162,648
Depreciation
At 1 August 2025	-	3,594	1,806	72,541
Charge for the year	3,939	307	312	22,527
At 31 July 2026	3,939	3,901	2,118	95,068
Carrying amount
At 31 July 2026	15,756	923	3,307	67,580
At 31 July 2025	-	1,230	2,194	50,318

	Total £
Cost or valuation
At 1 August 2025	131,683
Additions	60,909
At 31 July 2026	192,592
Depreciation
At 1 August 2025	77,941
Charge for the year	27,085
At 31 July 2026	105,026
Carrying amount
At 31 July 2026	87,566
At 31 July 2025	53,742

Included within the net book value of land and buildings above is £15,756 (2025 - £Nil) in respect of short leasehold land and buildings.
 

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

6

Debtors

Current	2026 £	2025 £
Trade debtors	309,460	150,680
Prepayments	9,611	-
	319,071	150,680

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	9	15,566	8,616
Trade creditors		81,692	51,531
Amounts owed to group undertakings and undertakings in which the company has a participating interest	11	2,067	-
Taxation and social security		103,627	63,602
Accruals and deferred income		-	7,737
Other creditors		14,831	14,831
		217,783	146,317

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	9	27,769	21,821

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	11	11	11	11

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

9	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	14,568	-
Hire purchase contracts	13,201	21,821
	27,769	21,821

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	6,960	-
Hire purchase contracts	8,606	8,616
	15,566	8,616

10

Dividends

Interim dividends paid

		2026 £		2025 £
Interim dividend of £11,454.55 (2025 - £35,887.64) per each Ordinary		126,000		394,764

11	Related party transactions

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

Directors' remuneration

The directors' remuneration for the year was as follows:

	2026 £	2025 £
Remuneration	25,600	22,668
Contributions paid to money purchase schemes	78,000	50,079
	103,600	72,747