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REGISTERED NUMBER: 04114655 (England and Wales)















Director's Report and

Financial Statements for the Year Ended 30th November 2023

for

Paul Tibbs Limited

Paul Tibbs Limited (Registered number: 04114655)






Contents of the Financial Statements
for the Year Ended 30th November 2023




Page

Company Information 1

Director's Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Paul Tibbs Limited

Company Information
for the Year Ended 30th November 2023







DIRECTOR: P Tibbs





SECRETARY: Mrs S Tibbs





REGISTERED OFFICE: Greenacres
Long Drove
Murrow
Wisbech
Cambridgeshire
PE13 4HG





REGISTERED NUMBER: 04114655 (England and Wales)





ACCOUNTANTS: Spriggs & Co Limited
Chartered Certified Accountants
300 High Road
Whaplode
Spalding
Lincolnshire
PE12 6TG

Paul Tibbs Limited (Registered number: 04114655)

Director's Report
for the Year Ended 30th November 2023

The director presents his report with the financial statements of the company for the year ended 30th November 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of double glazing manufacturing.

DIRECTOR
P Tibbs held office during the whole of the period from 1st December 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P Tibbs - Director


15th March 2024

Paul Tibbs Limited (Registered number: 04114655)

Balance Sheet
30th November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,762 43,363

CURRENT ASSETS
Stocks 13,569 13,529
Debtors 5 48,578 55,246
Cash at bank 39,452 27,820
101,599 96,595
CREDITORS
Amounts falling due within one year 6 41,786 60,149
NET CURRENT ASSETS 59,813 36,446
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,575

79,809

CREDITORS
Amounts falling due after more than
one year

7

2,995

3,712
NET ASSETS 97,580 76,097

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 97,480 75,997
SHAREHOLDERS' FUNDS 97,580 76,097

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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 Tibbs Limited (Registered number: 04114655)

Balance Sheet - continued
30th November 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 15th March 2024 and were signed by:





P Tibbs - Director


Paul Tibbs Limited (Registered number: 04114655)

Notes to the Financial Statements
for the Year Ended 30th November 2023

1. STATUTORY INFORMATION

Paul Tibbs 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 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.

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.

Paul Tibbs Limited (Registered number: 04114655)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

2. ACCOUNTING POLICIES - continued

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 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st December 2022 28,157 77,377 29,686 135,220
Additions - 2,067 - 2,067
At 30th November 2023 28,157 79,444 29,686 137,287
DEPRECIATION
At 1st December 2022 281 68,951 22,625 91,857
Charge for year 280 2,623 1,765 4,668
At 30th November 2023 561 71,574 24,390 96,525
NET BOOK VALUE
At 30th November 2023 27,596 7,870 5,296 40,762
At 30th November 2022 27,876 8,426 7,061 43,363

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 46,439 53,402
Other debtors 2,139 1,844
48,578 55,246

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 21,377 39,904
Taxation and social security 18,392 15,222
Other creditors 2,017 5,023
41,786 60,149

Paul Tibbs Limited (Registered number: 04114655)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Taxation and social security 2,995 3,712