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REGISTERED NUMBER: 10051673 (England and Wales)







Financial Statements

for the Year Ended 31st July 2023

for

PAYTERS FACILITIES MANAGEMENT (PFM)
LIMITED

PAYTERS FACILITIES MANAGEMENT (PFM)
LIMITED (REGISTERED NUMBER: 10051673)






Contents of the Financial Statements
FOR THE YEAR ENDED 31ST JULY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PAYTERS FACILITIES MANAGEMENT (PFM)
LIMITED

Company Information
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTOR: Mr L R Payter





REGISTERED OFFICE: Room 12
Blackpole Business Centre
Blackpole
Worcester
Worcestershire
WR3 8SQ





REGISTERED NUMBER: 10051673 (England and Wales)





ACCOUNTANTS: Stanton Ralph & Co Limited
Chartered Accountants
The Old Police Station
Whitburn Street
Bridgnorth
Shropshire
WV16 4QP

PAYTERS FACILITIES MANAGEMENT (PFM)
LIMITED (REGISTERED NUMBER: 10051673)

Abridged Balance Sheet
31ST JULY 2023

31.7.22 31.7.23
£    £    Notes £    £   
FIXED ASSETS
96,992 Tangible assets 4 145,990

CURRENT ASSETS
491,679 Debtors 577,909
166,058 Cash at bank 359,968
657,737 937,877
CREDITORS
327,930 Amounts falling due within one year 453,526
329,807 NET CURRENT ASSETS 484,351
426,799 TOTAL ASSETS LESS CURRENT LIABILITIES 630,341

CREDITORS

(51,650

)
Amounts falling due after more than one
year

(21,998

)

(18,428 ) PROVISIONS FOR LIABILITIES (36,498 )
356,721 NET ASSETS 571,845

CAPITAL AND RESERVES
100 Called up share capital 100
356,621 Retained earnings 571,745
356,721 571,845

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

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

PAYTERS FACILITIES MANAGEMENT (PFM)
LIMITED (REGISTERED NUMBER: 10051673)

Abridged Balance Sheet - continued
31ST JULY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 15th November 2023 and were signed by:





Mr L R Payter - Director


PAYTERS FACILITIES MANAGEMENT (PFM)
LIMITED (REGISTERED NUMBER: 10051673)

Notes to the Financial Statements
FOR THE YEAR ENDED 31ST JULY 2023

1. STATUTORY INFORMATION

Payters Facilities Management (PFM) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 20% 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PAYTERS FACILITIES MANAGEMENT (PFM)
LIMITED (REGISTERED NUMBER: 10051673)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31ST JULY 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2022 - 29 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st August 2022 174,693
Additions 89,266
Disposals (32,950 )
At 31st July 2023 231,009
DEPRECIATION
At 1st August 2022 77,701
Charge for year 28,974
Eliminated on disposal (21,656 )
At 31st July 2023 85,019
NET BOOK VALUE
At 31st July 2023 145,990
At 31st July 2022 96,992

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1st August 2022 90,657
Additions 35,250
Disposals (32,950 )
At 31st July 2023 92,957
DEPRECIATION
At 1st August 2022 33,421
Charge for year 17,085
Eliminated on disposal (21,656 )
At 31st July 2023 28,850
NET BOOK VALUE
At 31st July 2023 64,107
At 31st July 2022 57,236