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REGISTERED NUMBER: 08362807 (England and Wales)















PAUL RHODES COMMERCIALS (YORK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST JANUARY 2023






PAUL RHODES COMMERCIALS (YORK) LIMITED (REGISTERED NUMBER: 08362807)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PAUL RHODES COMMERCIALS (YORK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







DIRECTORS: Mr P Rhodes
Mrs P Rhodes





SECRETARY: Mrs P Rhodes





REGISTERED OFFICE: 6 Oak Tree Close
Strensall
York
North Yorkshire
YO32 5TE





REGISTERED NUMBER: 08362807 (England and Wales)





ACCOUNTANTS: KTC
Chartered Certified Accountants
80 West View
Barlby Road
Selby
North Yorkshire
YO8 5BD

PAUL RHODES COMMERCIALS (YORK) LIMITED (REGISTERED NUMBER: 08362807)

BALANCE SHEET
31ST JANUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 25,100 27,610
Tangible assets 5 18,755 21,422
43,855 49,032

CURRENT ASSETS
Stocks 6 96,815 56,560
Debtors 7 3,764 3,545
Cash at bank and in hand 635,847 600,401
736,426 660,506
CREDITORS
Amounts falling due within one year 8 (40,861 ) (52,730 )
NET CURRENT ASSETS 695,565 607,776
TOTAL ASSETS LESS CURRENT
LIABILITIES

739,420

656,808

PROVISIONS FOR LIABILITIES (1,474 ) (1,406 )
NET ASSETS 737,946 655,402

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 737,844 655,300
SHAREHOLDERS' FUNDS 737,946 655,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 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 RHODES COMMERCIALS (YORK) LIMITED (REGISTERED NUMBER: 08362807)

BALANCE SHEET - continued
31ST JANUARY 2023


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th August 2023 and were signed on its behalf by:




Mr P Rhodes - Director



Mrs P Rhodes - Director


PAUL RHODES COMMERCIALS (YORK) LIMITED (REGISTERED NUMBER: 08362807)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023


1. STATUTORY INFORMATION

Paul Rhodes Commercials (York) Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty 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.
Improvements to property - 10% on reducing balance
Portacabin - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 Profit and loss account, 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 RHODES COMMERCIALS (YORK) LIMITED (REGISTERED NUMBER: 08362807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023


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 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2022
and 31st January 2023 50,200
AMORTISATION
At 1st February 2022 22,590
Amortisation for year 2,510
At 31st January 2023 25,100
NET BOOK VALUE
At 31st January 2023 25,100
At 31st January 2022 27,610

PAUL RHODES COMMERCIALS (YORK) LIMITED (REGISTERED NUMBER: 08362807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property Portacabin fittings
£    £    £   
COST
At 1st February 2022 22,789 5,000 13,231
Additions - - 400
Disposals - - (777 )
At 31st January 2023 22,789 5,000 12,854
DEPRECIATION
At 1st February 2022 7,463 4,330 8,425
Charge for year 1,532 134 992
Eliminated on disposal - - (523 )
At 31st January 2023 8,995 4,464 8,894
NET BOOK VALUE
At 31st January 2023 13,794 536 3,960
At 31st January 2022 15,326 670 4,806

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st February 2022 500 1,438 42,958
Additions - - 400
Disposals - - (777 )
At 31st January 2023 500 1,438 42,581
DEPRECIATION
At 1st February 2022 219 1,099 21,536
Charge for year 70 85 2,813
Eliminated on disposal - - (523 )
At 31st January 2023 289 1,184 23,826
NET BOOK VALUE
At 31st January 2023 211 254 18,755
At 31st January 2022 281 339 21,422

6. STOCKS
2023 2022
£    £   
Stocks 96,815 56,560

PAUL RHODES COMMERCIALS (YORK) LIMITED (REGISTERED NUMBER: 08362807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 3,764 3,545

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,530 6,083
Tax 29,782 27,064
Social security and other taxes 1,192 817
VAT 3,951 10,871
Directors' current accounts 102 4,794
Accrued expenses 3,304 3,101
40,861 52,730