Paint and Paper Emporium Ltd
Statement of financial position
as at 28 February 2026
Intangible assets
21,907
21,907
Tangible assets
17,962
23,737
Cash at bank and in hand
10,724
30,409
Creditors: amounts falling due within one year
(17,588)
(38,420)
Net current assets
18,884
25,237
Total assets less current liabilities
58,753
70,881
Creditors: amounts falling due after more than one year
15,123
15,123
Profit and loss account
73,876
86,004
Shareholders' funds
73,876
86,004
For the year ending 28 February 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 director acknowledges her 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 and authorised for issue on 18 September 2026 and were signed on its behalf by
Julie London
Director
Company Registration No. 09427893
Paint and Paper Emporium Ltd
Notes to the Accounts
for the year ended 28 February 2026
Paint and Paper Emporium Ltd is a private company, limited by shares, registered in England and Wales, registration number 09427893. The registered office is 117 Corbetts Tey Road, Upminster, Essex, RM14 2AA.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 28 February 2026
21,907
At 28 February 2026
21,907
At 28 February 2025
21,907
Paint and Paper Emporium Ltd
Notes to the Accounts
for the year ended 28 February 2026
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2025
395
60,761
1,117
62,273
At 28 February 2026
610
60,761
1,117
62,488
At 1 March 2025
395
37,908
233
38,536
Charge for the year
43
5,713
234
5,990
At 28 February 2026
438
43,621
467
44,526
At 28 February 2026
172
17,140
650
17,962
At 28 February 2025
-
22,853
884
23,737
6
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
-
18,037
Taxes and social security
2,347
2,203
Loans from directors
13,701
16,908
7
Creditors: amounts falling due after more than one year
2026
2025
Other creditors
(13,623)
(13,623)
Loans from directors
(1,500)
(1,500)
8
Average number of employees
During the year the average number of employees was 3 (2025: 3).