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REGISTERED NUMBER: 11264660 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Payze Plastering Ltd

Payze Plastering Ltd (Registered number: 11264660)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Payze Plastering Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: B Payze





SECRETARY:





REGISTERED OFFICE: 55 Beulah Road
Walthamstow
London
E17 9LG





REGISTERED NUMBER: 11264660 (England and Wales)





ACCOUNTANTS: Peter Gorlov MSc MAE CFE FFA FFTA
11 Queen Annes Gate
Westminster
London
SW1H 9BU

Payze Plastering Ltd (Registered number: 11264660)

Report of the Director
for the Year Ended 31 March 2023

The director presents his report with the financial statements of the company for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of plastering.

DIRECTOR
B Payze held office during the whole of the period from 1 April 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:





B Payze - Director


14 December 2023

Payze Plastering Ltd (Registered number: 11264660)

Income Statement
for the Year Ended 31 March 2023

31.3.23 31.3.22
Notes £    £   

TURNOVER 32,047 38,511

Cost of sales 606 1,124
GROSS PROFIT 31,441 37,387

Administrative expenses 24,605 24,793
OPERATING PROFIT 4 6,836 12,594


Interest payable and similar expenses 265 265
PROFIT BEFORE TAXATION 6,571 12,329

Tax on profit 5 1,618 2,712
PROFIT FOR THE FINANCIAL YEAR 4,953 9,617

Payze Plastering Ltd (Registered number: 11264660)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 - 1,945

CURRENT ASSETS
Debtors 8 13,898 11,485
Cash at bank and in hand 762 4
14,660 11,489
CREDITORS
Amounts falling due within one year 9 2,458 4,100
NET CURRENT ASSETS 12,202 7,389
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,202

9,334

CREDITORS
Amounts falling due after more than
one year

10

5,358

6,443
NET ASSETS 6,844 2,891

Payze Plastering Ltd (Registered number: 11264660)

Balance Sheet - continued
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 6,744 2,791
SHAREHOLDERS' FUNDS 6,844 2,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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

The financial statements were approved by the director and authorised for issue on 14 December 2023 and were signed by:





B Payze - Director


Payze Plastering Ltd (Registered number: 11264660)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Payze Plastering Ltd 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

31.3.23 31.3.22
£    £   
Director's remuneration 12,500 12,500

4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.23 31.3.22
£    £   
Depreciation - owned assets 1,945 1,944

Payze Plastering Ltd (Registered number: 11264660)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.3.23 31.3.22
£    £   
Current tax:
UK corporation tax 1,618 2,712
Tax on profit 1,618 2,712

6. DIVIDENDS
31.3.23 31.3.22
£    £   
100 shares of £1 each
Final 1,000 8,000

7. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2022
and 31 March 2023 7,779
DEPRECIATION
At 1 April 2022 5,834
Charge for year 1,945
At 31 March 2023 7,779
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 1,945

Payze Plastering Ltd (Registered number: 11264660)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 2,625 4,740
Other debtors 11,273 6,745
13,898 11,485

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 1,618 3,230
Other creditors 840 870
2,458 4,100

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 5,358 6,443

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 100 £1 100 100

Payze Plastering Ltd (Registered number: 11264660)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

12. RESERVES
Retained
earnings
£   

At 1 April 2022 2,791
Profit for the year 4,953
Dividends (1,000 )
At 31 March 2023 6,744