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REGISTERED NUMBER: 07677804 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

PAUL ROACH CLASSICS LIMITED

PAUL ROACH CLASSICS LIMITED (REGISTERED NUMBER: 07677804)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PAUL ROACH CLASSICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: D C Stone





REGISTERED OFFICE: 61 Station Road
Sudbury
Suffolk
CO10 2SP





BUSINESS ADDRESS: Unit 4
Inca Industrial Business Park
Acton
Sudbury
Suffolk
CO10 0BB





REGISTERED NUMBER: 07677804 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

PAUL ROACH CLASSICS LIMITED (REGISTERED NUMBER: 07677804)

BALANCE SHEET
30 JUNE 2023

30.6.22 30.6.23
£    £    Notes £    £   
FIXED ASSETS
622 Tangible assets 4 419

CURRENT ASSETS
10,200 Stocks 5 11,618
27,773 Debtors 6 29,856
11,958 Cash at bank and in hand 9,405
49,931 50,879
CREDITORS
61,717 Amounts falling due within one year 7 62,294
(11,786 ) NET CURRENT LIABILITIES (11,415 )
(11,164 ) TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,996

)

CREDITORS
30,833 Amounts falling due after more than one
year

8

20,833
(41,997 ) NET LIABILITIES (31,829 )

CAPITAL AND RESERVES
100 Called up share capital 100
(42,097 ) Retained earnings (31,929 )
(41,997 ) SHAREHOLDERS' FUNDS (31,829 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

PAUL ROACH CLASSICS LIMITED (REGISTERED NUMBER: 07677804)

BALANCE SHEET - continued
30 JUNE 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 7 March 2024 and were signed by:





D C Stone - Director


PAUL ROACH CLASSICS LIMITED (REGISTERED NUMBER: 07677804)

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

1. STATUTORY INFORMATION

Paul Roach Classics 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 represents the value of work completed during the year, by reference to invoiced sales and the movement between opening and closing work in progress and trade debtor balances.

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 cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% 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.

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

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.


PAUL ROACH CLASSICS LIMITED (REGISTERED NUMBER: 07677804)

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

2. ACCOUNTING POLICIES - continued
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.

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.

Going concern
The accounts have been prepared on the going concern basis, the validity of which is dependant upon the continued support of the director. The director has confirmed his support for a period of at least twelve months from the date of the signing of the financial statements.The going concern basis is therefore considered appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
Totals machinery fittings vehicles equipment
£    £    £    £    £   
COST
At 1 July 2022 16,587 7,079 7,508 2,000 -
Additions 108 - - - 108
At 30 June 2023 16,695 7,079 7,508 2,000 108
DEPRECIATION
At 1 July 2022 15,965 6,457 7,508 2,000 -
Charge for year 311 289 - - 22
At 30 June 2023 16,276 6,746 7,508 2,000 22
NET BOOK VALUE
At 30 June 2023 419 333 - - 86
At 30 June 2022 622 622 - - -

PAUL ROACH CLASSICS LIMITED (REGISTERED NUMBER: 07677804)

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

5. STOCKS
30.6.23 30.6.22
£    £   
Stocks 11,618 10,200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 4,989 1,391
Other debtors 10,804 13,129
Prepayments 14,063 13,253
29,856 27,773

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 10,000 11,043
Trade creditors 22,919 20,973
Taxation and social security 7,306 6,274
Other creditors 22,069 23,427
62,294 61,717

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 20,833 30,833