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REGISTERED NUMBER: 04047688 (England and Wales)















Financial Statements For The Year Ended 31st March 2023

for

Paul Gadney Ltd

Paul Gadney Ltd (Registered number: 04047688)






Contents of the Financial Statements
For The Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Paul Gadney Ltd

Company Information
For The Year Ended 31st March 2023







DIRECTOR: P Gadney





REGISTERED OFFICE: 36 Orissa Road
Plumstead
London
SE18 1RQ





REGISTERED NUMBER: 04047688 (England and Wales)





ACCOUNTANTS: Baker Britt
Chartered Accountants
63 High Street
Chislehurst
Kent
BR7 5BE

Paul Gadney Ltd (Registered number: 04047688)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,057 10,743

CURRENT ASSETS
Debtors 5 8,682 18,806

CREDITORS
Amounts falling due within one year 6 13,788 22,036
NET CURRENT LIABILITIES (5,106 ) (3,230 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,951

7,513

CREDITORS
Amounts falling due after more than one
year

7

(570

)

(4,629

)

PROVISIONS FOR LIABILITIES (1,529 ) (2,039 )
NET ASSETS 852 845

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 851 844
SHAREHOLDERS' FUNDS 852 845

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

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

Paul Gadney Ltd (Registered number: 04047688)

Balance Sheet - continued
31st 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 16th October 2023 and were signed by:





P Gadney - Director


Paul Gadney Ltd (Registered number: 04047688)

Notes to the Financial Statements
For The Year Ended 31st March 2023

1. STATUTORY INFORMATION

Paul Gadney 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 25% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Paul Gadney Ltd (Registered number: 04047688)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022
and 31st March 2023 30,280
DEPRECIATION
At 1st April 2022 19,537
Charge for year 2,686
At 31st March 2023 22,223
NET BOOK VALUE
At 31st March 2023 8,057
At 31st March 2022 10,743

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1st April 2022
and 31st March 2023 26,880
DEPRECIATION
At 1st April 2022 16,249
Charge for year 2,658
At 31st March 2023 18,907
NET BOOK VALUE
At 31st March 2023 7,973
At 31st March 2022 10,631

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 8,682 18,806

Paul Gadney Ltd (Registered number: 04047688)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,335 8,109
Finance leases 4,197 4,196
Taxation and social security 1,757 7,280
Other creditors 2,499 2,451
13,788 22,036

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Finance leases 570 4,629

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 5,335 8,109
Finance leases 4,767 8,825
10,102 16,934