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REGISTERED NUMBER: 11844620 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

PAUL DERRY LIMITED

PAUL DERRY LIMITED (REGISTERED NUMBER: 11844620)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PAUL DERRY LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2023







DIRECTORS: M Derry
Mrs C M Derry





REGISTERED OFFICE: The E Centre
Darwin Drive
Sherwood Energy Village
New Ollerton Newark
Nottinghamshire
NG22 9GW





REGISTERED NUMBER: 11844620 (England and Wales)





ACCOUNTANTS: Langham Carter
The E Centre Darwin Drive
Sherwood Energy Village
New Ollerton
Newark
Nottinghamshire
NG22 9GW

PAUL DERRY LIMITED (REGISTERED NUMBER: 11844620)

BALANCE SHEET
30 April 2023

30.4.22 30.4.23
£    £    Notes £    £   
FIXED ASSETS
29,289 Tangible assets 4 53,315

CURRENT ASSETS
43,685 Stocks 41,443
142,735 Debtors 5 248,678
119,044 Cash at bank 276,622
305,464 566,743
CREDITORS
249,344 Amounts falling due within one year 6 439,480
56,120 NET CURRENT ASSETS 127,263
85,409 TOTAL ASSETS LESS CURRENT
LIABILITIES

180,578

RESERVES
85,409 Retained earnings 180,578
85,409 180,578

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:





Mrs C M Derry - Director


PAUL DERRY LIMITED (REGISTERED NUMBER: 11844620)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Paul Derry 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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 DERRY LIMITED (REGISTERED NUMBER: 11844620)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
Totals machinery fittings vehicles equipment
£    £    £    £    £   
COST
At 1 May 2022 52,706 440 950 50,866 450
Additions 44,111 - - 44,111 -
Disposals (5,300 ) - - (5,300 ) -
At 30 April 2023 91,517 440 950 89,677 450
DEPRECIATION
At 1 May 2022 23,417 170 367 22,544 336
Charge for year 17,849 40 146 17,549 114
Eliminated on disposal (3,064 ) - - (3,064 ) -
At 30 April 2023 38,202 210 513 37,029 450
NET BOOK VALUE
At 30 April 2023 53,315 230 437 52,648 -
At 30 April 2022 29,289 270 583 28,322 114

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 232,451 140,910
Other debtors 16,227 1,825
248,678 142,735

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 31,570 40,833
Hire purchase contracts 40,156 28,117
Trade creditors 178,868 93,623
Taxation and social security 181,035 59,550
Other creditors 7,851 27,221
439,480 249,344