Company registration number 08729290 (England and Wales)
PAUL WALDRON LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
PAGES FOR FILING WITH REGISTRAR
PAUL WALDRON LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
Notes to the financial statements
2 - 5
The following pages do not form part of the statutory financial statements
Detailed trading and profit and loss account
-
PAUL WALDRON LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2023
31 October 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
56
93
Current assets
Debtors
4
11,587
7,128
Cash at bank and in hand
308,481
289,141
320,068
296,269
Creditors: amounts falling due within one year
5
(26,814)
(35,982)
Net current assets
293,254
260,287
Net assets
293,310
260,380
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
293,210
260,280
Total equity
293,310
260,380

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 22 February 2024
Mr P Waldron
Director
Company registration number 08729290 (England and Wales)
PAUL WALDRON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
- 2 -
1
Accounting policies
Company information

Paul Waldron Limited is a private company limited by shares incorporated in England and Wales. The registered office is 166 College Road, Harrow, Middlesex, HA1 1RA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business. Income is recognised in the period to which it relates.

1.3
Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
20% on cost
Computer equipment
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

PAUL WALDRON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
PAUL WALDRON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 4 -
3
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 November 2022
2,679
4,150
6,829
Disposals
-
0
(1,193)
(1,193)
At 31 October 2023
2,679
2,957
5,636
Depreciation and impairment
At 1 November 2022
2,586
4,150
6,736
Depreciation charged in the year
37
-
0
37
Eliminated in respect of disposals
-
0
(1,193)
(1,193)
At 31 October 2023
2,623
2,957
5,580
Carrying amount
At 31 October 2023
56
-
0
56
At 31 October 2022
93
-
0
93
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
7,000
7,000
Other debtors
4,587
128
11,587
7,128
5
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
9,974
10,124
Other taxation and social security
1,248
1,248
Other creditors
15,592
24,610
26,814
35,982
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
100
100
100
100
PAUL WALDRON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 5 -
7
Related party transactions

Included within other creditors is £9,159 (2022: £18,389) owed to the director by the company as at the balance sheet date.

2023-10-312022-11-01false22 February 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr P Waldronfalse087292902022-11-012023-10-31087292902023-10-31087292902022-10-3108729290core:FurnitureFittings2023-10-3108729290core:ComputerEquipment2023-10-3108729290core:FurnitureFittings2022-10-3108729290core:ComputerEquipment2022-10-3108729290core:CurrentFinancialInstrumentscore:WithinOneYear2023-10-3108729290core:CurrentFinancialInstrumentscore:WithinOneYear2022-10-3108729290core:CurrentFinancialInstruments2023-10-3108729290core:CurrentFinancialInstruments2022-10-3108729290core:ShareCapital2023-10-3108729290core:ShareCapital2022-10-3108729290core:RetainedEarningsAccumulatedLosses2023-10-3108729290core:RetainedEarningsAccumulatedLosses2022-10-3108729290bus:Director12022-11-012023-10-3108729290core:FurnitureFittings2022-11-012023-10-3108729290core:ComputerEquipment2022-11-012023-10-31087292902021-11-012022-10-3108729290core:FurnitureFittings2022-10-3108729290core:ComputerEquipment2022-10-31087292902022-10-3108729290core:WithinOneYear2023-10-3108729290core:WithinOneYear2022-10-3108729290bus:PrivateLimitedCompanyLtd2022-11-012023-10-3108729290bus:SmallCompaniesRegimeForAccounts2022-11-012023-10-3108729290bus:FRS1022022-11-012023-10-3108729290bus:AuditExemptWithAccountantsReport2022-11-012023-10-3108729290bus:FullAccounts2022-11-012023-10-31xbrli:purexbrli:sharesiso4217:GBP