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REGISTERED NUMBER: 10198163 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2023

for

Papg Interiors Limited

Papg Interiors Limited (Registered number: 10198163)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Papg Interiors Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Philip Washington





REGISTERED OFFICE: 4 Capricorn Centre
Cranes Farm Road
Basildon
Essex
SS14 3JJ





REGISTERED NUMBER: 10198163 (England and Wales)





ACCOUNTANTS: Robert Lewis Accountants
4 Capricorn Centre
Cranes Farm Road
Basildon
Essex
SS14 3JJ

Papg Interiors Limited (Registered number: 10198163)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,047 48,291

CURRENT ASSETS
Stocks 277,549 67,983
Debtors 5 36,012 55,329
Cash at bank and in hand 200 153,513
313,761 276,825
CREDITORS
Amounts falling due within one year 6 235,276 171,247
NET CURRENT ASSETS 78,485 105,578
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,532

153,869

CREDITORS
Amounts falling due after more than one year 7 (46,695 ) (127,389 )

PROVISIONS FOR LIABILITIES (7,799 ) (9,175 )
NET ASSETS 65,038 17,305

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 64,838 17,105
SHAREHOLDERS' FUNDS 65,038 17,305

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Papg Interiors Limited (Registered number: 10198163)

Statement of Financial Position - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 August 2023 and were signed by:





Philip Washington - Director


Papg Interiors Limited (Registered number: 10198163)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Papg Interiors 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2022 - 2 ) .

Papg Interiors Limited (Registered number: 10198163)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 66,839
DEPRECIATION
At 1 April 2022 18,548
Charge for year 7,244
At 31 March 2023 25,792
NET BOOK VALUE
At 31 March 2023 41,047
At 31 March 2022 48,291

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 36,012 55,329

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 123,661 -
Hire purchase contracts 10,109 9,375
Trade creditors (1 ) 1
Taxation and social security 101,166 87,929
Other creditors 341 73,942
235,276 171,247

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 28,994 100,000
Hire purchase contracts 17,701 27,389
46,695 127,389

8. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr Philip Washington by virtue of a major share holding.