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REGISTERED NUMBER: 09677472 (England and Wales)

















Paul Fisher Limited

Financial Statements for the Year Ended 31 July 2023






Paul Fisher Limited (Registered number: 09677472)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Paul Fisher Limited

Company Information
for the year ended 31 July 2023







DIRECTOR: Mr P Fisher





REGISTERED OFFICE: 2 Clover Drive
Withernsea
East Yorkshire
HU19 2DF





REGISTERED NUMBER: 09677472 (England and Wales)





ACCOUNTANTS: Southgates
Chartered Certified Accountants
9 Market Place
Hedon
East Yorkshire
HU12 8JA

Paul Fisher Limited (Registered number: 09677472)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,000 3,000
Tangible assets 5 24,300 11,477
26,300 14,477

CURRENT ASSETS
Stocks 6 750 750
Debtors 7 21,398 25,193
Cash at bank 183,422 192,049
205,570 217,992
CREDITORS
Amounts falling due within one year 8 66,745 97,159
NET CURRENT ASSETS 138,825 120,833
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,125

135,310

PROVISIONS FOR LIABILITIES 6,075 2,180
NET ASSETS 159,050 133,130

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 158,950 133,030
SHAREHOLDERS' FUNDS 159,050 133,130

Paul Fisher Limited (Registered number: 09677472)

Balance Sheet - continued
31 July 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 January 2024 and were signed by:





Mr P Fisher - Director


Paul Fisher Limited (Registered number: 09677472)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Paul Fisher 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Paul Fisher Limited (Registered number: 09677472)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 10,000
AMORTISATION
At 1 August 2022 7,000
Amortisation for year 1,000
At 31 July 2023 8,000
NET BOOK VALUE
At 31 July 2023 2,000
At 31 July 2022 3,000

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2022 1,253 28,263 29,516
Additions - 20,924 20,924
At 31 July 2023 1,253 49,187 50,440
DEPRECIATION
At 1 August 2022 893 17,146 18,039
Charge for year 90 8,011 8,101
At 31 July 2023 983 25,157 26,140
NET BOOK VALUE
At 31 July 2023 270 24,030 24,300
At 31 July 2022 360 11,117 11,477

6. STOCKS
2023 2022
£    £   
Stocks 750 750

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,484 24,247
Prepayments 914 946
21,398 25,193

Paul Fisher Limited (Registered number: 09677472)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 831 2,267
Tax 9,502 9,419
Social security and other taxes 461 391
VAT 12,263 9,514
Directors' current accounts 41,002 71,405
Accruals 2,686 4,163
66,745 97,159