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REGISTERED NUMBER: 04995967 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2021

for

PAUL J MARKS LTD

PAUL J MARKS LTD (REGISTERED NUMBER: 04995967)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountant 7

PAUL J MARKS LTD

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: P J Marks





SECRETARY: P J Marks





REGISTERED OFFICE: 128 Greenfell Mansions
Glaisher Street
Deptford
London
SE8 3EX





REGISTERED NUMBER: 04995967 (England and Wales)





ACCOUNTANT: O A George & Co
Chartered Certified Accountants
and Statutory Auditors
104 New Cross Road
New Cross
London
SE14 5BA

PAUL J MARKS LTD (REGISTERED NUMBER: 04995967)

Balance Sheet
31 DECEMBER 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,790 3,054
Investments 5 17,835 14,012
19,625 17,066

CURRENT ASSETS
Stocks 1,000 500
Debtors 6 133 274
Cash at bank and in hand 1,520 1,222
2,653 1,996
CREDITORS
Amounts falling due within one year 7 69,722 72,580
NET CURRENT LIABILITIES (67,069 ) (70,584 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(47,444

)

(53,518

)

CREDITORS
Amounts falling due after more than one
year

8

1,496

2,912
NET LIABILITIES (48,940 ) (56,430 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (49,040 ) (56,530 )
SHAREHOLDERS' FUNDS (48,940 ) (56,430 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 J MARKS LTD (REGISTERED NUMBER: 04995967)

Balance Sheet - continued
31 DECEMBER 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 director and authorised for issue on 1 September 2022 and were signed by:





P J Marks - Director


PAUL J MARKS LTD (REGISTERED NUMBER: 04995967)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Paul J Marks Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and Fittings 10% Straight line
Motor Vehicle6.67% Straight line
Computer Equipment10% Straight line

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.

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 1 (2020 - 1 ) .

PAUL J MARKS LTD (REGISTERED NUMBER: 04995967)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021
and 31 December 2021 17,066
DEPRECIATION
At 1 January 2021 14,012
Charge for year 1,264
At 31 December 2021 15,276
NET BOOK VALUE
At 31 December 2021 1,790
At 31 December 2020 3,054

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 January 2021 14,012
Additions 3,823
At 31 December 2021 17,835
NET BOOK VALUE
At 31 December 2021 17,835
At 31 December 2020 14,012

The company made some investments in the 'Bitcoins' market with the view of some profit in the medium and long term.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Other debtors 133 274

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 1,426 1,340
Trade creditors 4,845 4,143
Taxation and social security (66 ) (436 )
Other creditors 63,517 67,533
69,722 72,580

PAUL J MARKS LTD (REGISTERED NUMBER: 04995967)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

The bank loan disclosed in Note 9 to the financial statements is secured on the limited guarantee given by Mr P Marks, for the sum of £11,600 dated 05/12/2013. The bank also holds a limited guarantee given by Mr P Marks for sum of 10,000 dated 19/04/2004.

Of the other creditors of £63,517 (2020: £67,533) in Note 8 to the accounts, £40,967 (2020: £42,527) was owing by the company to the director's personal credit cards. The director continues to manage the repayments and has indicated his willingness to continue to do so until the company is financially capable to make full repayments. In the event of the company being unable to pay, the director is willing to accept the liabilities as personal.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Bank loans 1,496 2,912

The bank loan disclosed in Note 9 is secured on the limited personal guarantee of the director , Mr P Marks, for the sum of £11,600 and dated 05/12/13.

9. CALLED UP SHARE CAPITAL


Allotted and issued:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
100 Share capital 1 £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 January 2021 (56,530 )
Profit for the year 7,490
At 31 December 2021 (49,040 )

11. RELATED PARTY DISCLOSURES

As disclosed in notes 8 and 9 to the accounts, the director gave personal guarantees as security on the bank loan.

PAUL J MARKS LTD

Report of the Accountant to the Director of
Paul J Marks Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2021 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






O A George & Co
Chartered Certified Accountants
and Statutory Auditors
104 New Cross Road
New Cross
London
SE14 5BA


1 September 2022