Company registration number 06978942 (England and Wales)
PAYNE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
PAYNE LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2023
28 February 2023
- 1 -
2023
2022
£
£
£
£
Fixed assets
355
532
Current assets
49,086
123,032
Creditors: amounts falling due within one year
(39,289)
(107,462)
Net current assets
9,797
15,570
Total assets less current liabilities
10,152
16,102
Creditors: amounts falling due after more than one year
(10,150)
(16,100)
Net assets
2
2
Capital and reserves
2
2
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees
During the period £48,200 was advanced to the directors. Interest of £739 was charged and £66,590 was repaid. At 29 February 2023 the director owed the company £2,125 (2022 £53,775).
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
2
2
Payne Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 32 Chattock Avenue, Solihull, West Midlands, B91 2QX.
For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
PAYNE LTD
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2023
28 February 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 28 June 2023 and are signed on its behalf by:
Mr S Payne
Director
Company registration number 06978942 (England and Wales)