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REGISTERED NUMBER: 09696346 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

FOR

ADRIAN PAUL CREATIONS LIMITED

ADRIAN PAUL CREATIONS LIMITED (REGISTERED NUMBER: 09696346)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADRIAN PAUL CREATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2021







DIRECTOR: Mr A P Dobson





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 09696346 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certifed Accountants
Solar House
282 Chase Road
London
N14 6NZ

ADRIAN PAUL CREATIONS LIMITED (REGISTERED NUMBER: 09696346)

BALANCE SHEET
31 JULY 2021

31.7.21 31.7.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 438 604

CURRENT ASSETS
Stocks 5 50,420 2,782
Debtors 6 441,924 496,243
Cash at bank and in hand 1,269 173,723
493,613 672,748
CREDITORS
Amounts falling due within one year 7 369,829 403,268
NET CURRENT ASSETS 123,784 269,480
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,222

270,084

CREDITORS
Amounts falling due after more than one
year

8

63,665

102,047
NET ASSETS 60,557 168,037

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 60,457 167,937
SHAREHOLDERS' FUNDS 60,557 168,037

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

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

ADRIAN PAUL CREATIONS LIMITED (REGISTERED NUMBER: 09696346)

BALANCE SHEET - continued
31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 October 2023 and were signed by:





Mr A P Dobson - Director


ADRIAN PAUL CREATIONS LIMITED (REGISTERED NUMBER: 09696346)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021


1. STATUTORY INFORMATION

Adrian Paul Creations 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 represents amounts derived from the provision of services to customers during the year, and is recognised at the date the service was provided. This is stated after trade discounts, other sales taxes and net of VAT.

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 - 25% on reducing balance
Computer equipment - 33% on reducing balance

Government grants
The Government Grant represents the first year of interest for the company on the Bounce Back Loan (BBL) it received during the year.

The grants are recognised on the accruals basis in the same period as the expenditure that it is expected to compensate for.

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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

ADRIAN PAUL CREATIONS LIMITED (REGISTERED NUMBER: 09696346)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2021


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 August 2020
and 31 July 2021 1,770 1,060 2,830
DEPRECIATION
At 1 August 2020 1,350 876 2,226
Charge for year 105 61 166
At 31 July 2021 1,455 937 2,392
NET BOOK VALUE
At 31 July 2021 315 123 438
At 31 July 2020 420 184 604

5. STOCKS
31.7.21 31.7.20
£    £   
Work-in-progress 50,420 2,782

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.21 31.7.20
£    £   
Trade debtors 11,972 75,897
Directors' current accounts 292,940 303,540
Tax 116,806 116,806
Accrued income 18,750 -
Prepayments 1,456 -
441,924 496,243

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.21 31.7.20
£    £   
Bank loans and overdrafts 12,054 1,667
Trade creditors 179 180
Tax 82,022 144,001
VAT 269,074 251,120
Accrued expenses 6,500 6,300
369,829 403,268

ADRIAN PAUL CREATIONS LIMITED (REGISTERED NUMBER: 09696346)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2021


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.21 31.7.20
£    £   
Bank loans - 1-2 years 30,000 10,000
Bank loans - 2-5 years 8,333 30,000
Bank loans more 5 yr by instal 25,332 62,047
63,665 102,047

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 25,332 62,047

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.21 31.7.20
value: £    £   
100 Ordinary 1 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2021 and 31 July 2020:

31.7.21 31.7.20
£    £   
Mr A P Dobson
Balance outstanding at start of year 303,540 277,552
Amounts advanced - 25,988
Amounts repaid (10,600 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 292,940 303,540

The director was charged £6,832 (2020: £6,969) interest on his overdrawn directors account calculated at HM Revenue & Customs rates.