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REGISTERED NUMBER: 06449712 (England and Wales)















PAUL TEANBY BUILDING & DEVELOPMENTS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023






PAUL TEANBY BUILDING & DEVELOPMENTS LTD (REGISTERED NUMBER: 06449712)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


PAUL TEANBY BUILDING & DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: P J Teanby
Mrs C A Teanby





SECRETARY: Mrs C A Teanby





REGISTERED OFFICE: The Larches
Station Road
Ludborough
Grimsby
N E Lincolnshire
DN36 5SQ





REGISTERED NUMBER: 06449712 (England and Wales)





ACCOUNTANTS: Weaver Wroot
28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB

PAUL TEANBY BUILDING & DEVELOPMENTS LTD (REGISTERED NUMBER: 06449712)

BALANCE SHEET
31ST MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 761 1,173

CURRENT ASSETS
Debtors 5 42,369 69,919
Cash at bank 21,551 -
63,920 69,919
CREDITORS
Amounts falling due within one year 6 47,728 48,138
NET CURRENT ASSETS 16,192 21,781
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,953

22,954

CREDITORS
Amounts falling due after more than one
year

7

17,923

22,923
NET (LIABILITIES)/ASSETS (970 ) 31

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (972 ) 29
SHAREHOLDERS' FUNDS (970 ) 31

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 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 15th November 2023 and were signed on its behalf by:





P J Teanby - Director


PAUL TEANBY BUILDING & DEVELOPMENTS LTD (REGISTERED NUMBER: 06449712)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Paul Teanby Building & Developments 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.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2022
and 31st March 2023 175 37,250 3,161 40,586
DEPRECIATION
At 1st April 2022 175 37,250 1,988 39,413
Charge for year - - 412 412
At 31st March 2023 175 37,250 2,400 39,825
NET BOOK VALUE
At 31st March 2023 - - 761 761
At 31st March 2022 - - 1,173 1,173

PAUL TEANBY BUILDING & DEVELOPMENTS LTD (REGISTERED NUMBER: 06449712)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 5,287 4,780
Amounts owed by group undertakings 33,924 31,589
Directors' current accounts 3,158 33,550
42,369 69,919

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts - 16,907
Trade creditors 4,042 171
Amounts owed to group undertakings 9,404 -
Tax 15,539 18,068
Social security and other taxes - 137
VAT 17,618 11,730
Accrued expenses 1,125 1,125
47,728 48,138

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 17,923 22,923