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REGISTERED NUMBER: 01984516













PAVECOST MANUFACTURING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023






PAVECOST MANUFACTURING LIMITED (REGISTERED NUMBER: 01984516)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PAVECOST MANUFACTURING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: A Treharne





REGISTERED OFFICE: Lilleshall Street
Newport
Gwent
NP19 0FB





REGISTERED NUMBER: 01984516





ACCOUNTANTS: Carr, Jenkins & Hood
3 New Mill Court
Enterprise Park
Swansea
SA7 9FG

PAVECOST MANUFACTURING LIMITED (REGISTERED NUMBER: 01984516)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 196,784 246,096

CURRENT ASSETS
Stocks 366,461 330,178
Debtors 5 749,801 857,649
Cash at bank 541,334 539,284
1,657,596 1,727,111
CREDITORS
Amounts falling due within one year 6 225,643 285,862
NET CURRENT ASSETS 1,431,953 1,441,249
TOTAL ASSETS LESS CURRENT LIABILITIES 1,628,737 1,687,345

PROVISIONS FOR LIABILITIES 45,385 20,907
NET ASSETS 1,583,352 1,666,438

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Capital redemption reserve 6,000 6,000
Retained earnings 1,573,352 1,656,438
1,583,352 1,666,438

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 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.

PAVECOST MANUFACTURING LIMITED (REGISTERED NUMBER: 01984516)

BALANCE SHEET - continued
30 APRIL 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 31 January 2024 and were signed by:





A Treharne - Director


PAVECOST MANUFACTURING LIMITED (REGISTERED NUMBER: 01984516)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Pavecost Manufacturing Limited is a private company, limited by shares , registered in Not specified/Other. 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 - 20% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

PAVECOST MANUFACTURING LIMITED (REGISTERED NUMBER: 01984516)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 28 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2022
and 30 April 2023 1,406,377 16,476 12,613 1,435,466
DEPRECIATION
At 1 May 2022 1,162,114 16,476 10,780 1,189,370
Charge for year 48,853 - 459 49,312
At 30 April 2023 1,210,967 16,476 11,239 1,238,682
NET BOOK VALUE
At 30 April 2023 195,410 - 1,374 196,784
At 30 April 2022 244,263 - 1,833 246,096

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 538,478 531,886
Other debtors 211,323 325,763
749,801 857,649

PAVECOST MANUFACTURING LIMITED (REGISTERED NUMBER: 01984516)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 105,501 149,542
Amounts owed to associates 11,449 11,449
Taxation and social security 44,014 58,558
Other creditors 64,679 66,313
225,643 285,862