Company Registration No. 5890220 (England and Wales)
The Invisible Painter Limited
Unaudited accounts
for the year ended 31 July 2018
The Invisible Painter Limited
Unaudited accounts
Contents
The Invisible Painter Limited
Company Information
for the year ended 31 July 2018
Company Number
5890220 (England and Wales)
Registered Office
6 Itchen Building
The Old Hambledon Race Course Centre
Sheardley Lane, Droxford
Hants
SO32 3QY
The Invisible Painter Limited
Statement of financial position
as at 31 July 2018
Tangible assets
260,162
207,710
Cash at bank and in hand
280,089
220,832
Creditors: amounts falling due within one year
(289,461)
(187,758)
Net current assets
220,765
149,140
Total assets less current liabilities
480,927
356,850
Creditors: amounts falling due after more than one year
(109,379)
(114,426)
Net assets
371,548
242,424
Called up share capital
4
4
Profit and loss account
371,544
242,420
Shareholders' funds
371,548
242,424
For the year ending 31 July 2018 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 his 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.
Approved by the Board on 10 April 2019.
Andrew Bassett
Director
Company Registration No. 5890220
The Invisible Painter Limited
Notes to the Accounts
for the year ended 31 July 2018
The Invisible Painter Limited is a private company, limited by shares, registered in England and Wales, registration number 5890220. The registered office is 6 Itchen Building, The Old Hambledon Race Course Centre, Sheardley Lane, Droxford, Hants, SO32 3QY.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% S/Line
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2017
192,317
16,242
2,106
6,378
217,043
Additions
62,652
-
2,281
557
65,490
Disposals
-
(16,242)
-
-
(16,242)
At 31 July 2018
254,969
-
4,387
6,935
266,291
At 1 August 2017
-
5,753
122
3,458
9,333
Charge for the year
-
(5,753)
414
2,135
(3,204)
At 31 July 2018
-
-
536
5,593
6,129
At 31 July 2018
254,969
-
3,851
1,342
260,162
At 31 July 2017
192,317
10,489
1,984
2,920
207,710
The Invisible Painter Limited
Notes to the Accounts
for the year ended 31 July 2018
Trade debtors
219,744
113,101
Accrued income and prepayments
10,393
-
6
Creditors: amounts falling due within one year
2018
2017
Trade creditors
119,404
68,194
Taxes and social security
109,080
102,467
7
Creditors: amounts falling due after more than one year
2018
2017
Bank loans
109,379
114,426
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4
4
9
Average number of employees
During the year the average number of employees was 0 (2017: 0).
