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REGISTERED NUMBER: 04781254 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

PAUL MEYNELL FITTED KITCHENS LIMITED

PAUL MEYNELL FITTED KITCHENS LIMITED (REGISTERED NUMBER: 04781254)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2021




Page

Balance Sheet 1

Notes to the Financial Statements 3


PAUL MEYNELL FITTED KITCHENS LIMITED (REGISTERED NUMBER: 04781254)

BALANCE SHEET
30 November 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 5,631 1,432
5,632 1,433

CURRENT ASSETS
Stocks 2,250 2,000
Debtors 6 1,352 6,374
Cash at bank 10,084 2,096
13,686 10,470
CREDITORS
Amounts falling due within one year 7 8,797 7,797
NET CURRENT ASSETS 4,889 2,673
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,521

4,106

CREDITORS
Amounts falling due after more than one
year

8

12,950

8,000
NET LIABILITIES (2,429 ) (3,894 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (2,431 ) (3,896 )
SHAREHOLDERS' FUNDS (2,429 ) (3,894 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PAUL MEYNELL FITTED KITCHENS LIMITED (REGISTERED NUMBER: 04781254)

BALANCE SHEET - continued
30 November 2021


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 Board of Directors and authorised for issue on 19 August 2022 and were signed on its behalf by:





P Meynell - Director


PAUL MEYNELL FITTED KITCHENS LIMITED (REGISTERED NUMBER: 04781254)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2021

1. STATUTORY INFORMATION

Paul Meynell Fitted Kitchens Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04781254

Registered office: 8 Welbeck Grove
Allestree
Derby
Derbyshire
DE22 2LR

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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery etc - 33% on cost and 15% on reducing balance

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.


PAUL MEYNELL FITTED KITCHENS LIMITED (REGISTERED NUMBER: 04781254)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2021

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2020
and 30 November 2021 30,000
AMORTISATION
At 1 December 2020
and 30 November 2021 29,999
NET BOOK VALUE
At 30 November 2021 1
At 30 November 2020 1

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2020 6,873
Additions 5,484
Disposals (597 )
At 30 November 2021 11,760
DEPRECIATION
At 1 December 2020 5,441
Charge for year 1,284
Eliminated on disposal (596 )
At 30 November 2021 6,129
NET BOOK VALUE
At 30 November 2021 5,631
At 30 November 2020 1,432

PAUL MEYNELL FITTED KITCHENS LIMITED (REGISTERED NUMBER: 04781254)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2021

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 1,352 6,374

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 3,700 2,000
Trade creditors 862 1,569
Taxation and social security 4,235 4,228
8,797 7,797

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 12,950 8,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2021 and 30 November 2020:

2021 2020
£    £   
P Meynell and Mrs S Meynell
Balance outstanding at start of year 6,379 -
Amounts advanced 1,352 6,379
Amounts repaid (6,379 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,352 6,379

10. RELATED PARTY DISCLOSURES

During the period the directors received dividends of £11,000 (2020 - £2,500)