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REGISTERED NUMBER: 07725552 (England and Wales)













ALLAN JAY PAINE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






ALLAN JAY PAINE LIMITED (REGISTERED NUMBER: 07725552)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


ALLAN JAY PAINE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mrs M L Bird
R J Dale





REGISTERED OFFICE: 273 Green Lanes
Palmers Green
London
N13 4XE





REGISTERED NUMBER: 07725552 (England and Wales)





ACCOUNTANTS: John Crook & Partners
Chartered Accountants
255 Green Lanes
Palmers Green
London
N13 4XE

ALLAN JAY PAINE LIMITED (REGISTERED NUMBER: 07725552)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,204 4,691
3,204 4,691

CURRENT ASSETS
Debtors 6 81,701 95,517
Cash at bank and in hand 151,470 245,184
233,171 340,701
CREDITORS
Amounts falling due within one year 7 39,173 81,825
NET CURRENT ASSETS 193,998 258,876
TOTAL ASSETS LESS CURRENT
LIABILITIES

197,202

263,567

PROVISIONS FOR LIABILITIES 801 891
NET ASSETS 196,401 262,676

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 196,301 262,576
SHAREHOLDERS' FUNDS 196,401 262,676

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

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

ALLAN JAY PAINE LIMITED (REGISTERED NUMBER: 07725552)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2024 and were signed on its behalf by:




Mrs M L Bird - Director



R J Dale - Director


ALLAN JAY PAINE LIMITED (REGISTERED NUMBER: 07725552)

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

1. STATUTORY INFORMATION

Allan Jay Paine 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 revenue earned under a variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts.It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, excluding value added tax.

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 - 33% on reducing balance and 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Amounts recoverable on contracts
Amounts recoverable on contracts represent turnover which has not yet been invoiced to clients. Such amounts are separately disclosed with debtors. The valuation of amounts recoverable on contracts is adjusted to take into account foreseeable losses on these contracts.

ALLAN JAY PAINE LIMITED (REGISTERED NUMBER: 07725552)

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

2. ACCOUNTING POLICIES - continued

Client account monies
Due to the nature of the business the company receives monies from clients on account of fees and disbursements. These monies are paid into a clients account which is held separately to the company's money. These funds are not included within these accounts as the company is not entitled to the money. If fees have been earned but not billed at the year end the income to which the company is entitled is included in amounts recoverable on contracts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022 350,000
Disposals (350,000 )
At 30 September 2023 -
AMORTISATION
At 1 October 2022 350,000
Eliminated on disposal (350,000 )
At 30 September 2023 -
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 11,515 11,224 22,739
DEPRECIATION
At 1 October 2022 10,364 7,684 18,048
Charge for year 319 1,168 1,487
At 30 September 2023 10,683 8,852 19,535
NET BOOK VALUE
At 30 September 2023 832 2,372 3,204
At 30 September 2022 1,151 3,540 4,691

ALLAN JAY PAINE LIMITED (REGISTERED NUMBER: 07725552)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,149 15,333
Amounts recoverable on contract 30,000 30,000
Prepayments 46,552 50,184
81,701 95,517

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax - 34,397
Value added tax 27,708 34,707
Directors' loan accounts 150 150
Sundry creditors and accruals 11,315 12,571
39,173 81,825

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 40,589 20,624
Between one and five years 26,695 87,250
67,284 107,874

9. ULTIMATE CONTROLLING PARTY

The company is controlled by Mrs ML Bird.