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REGISTERED NUMBER: 03972350 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Pauls Floors Limited

Pauls Floors Limited (Registered number: 03972350)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

Pauls Floors Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mr P A Rouse





REGISTERED OFFICE: Unit 4 The Portman Centre
Portman Road
Reading
Berkshire
RG30 1DZ





REGISTERED NUMBER: 03972350 (England and Wales)





ACCOUNTANTS: Elsburys Accountants
Suite 2
1 Kings Road
Crowthorne
Berkshire
RG45 7BF

Pauls Floors Limited (Registered number: 03972350)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,178 746

CURRENT ASSETS
Stocks 5,626 8,988
Debtors 5 24,222 23,772
Cash at bank 32,279 39,556
62,127 72,316
CREDITORS
Amounts falling due within one year 6 42,531 47,245
NET CURRENT ASSETS 19,596 25,071
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,774

25,817

CREDITORS
Amounts falling due after more than one
year

7

(34,733

)

(23,748

)

PROVISIONS FOR LIABILITIES (2,884 ) (142 )
NET (LIABILITIES)/ASSETS (2,843 ) 1,927

CAPITAL AND RESERVES
Called up share capital 2,988 2,988
Retained earnings (5,831 ) (1,061 )
SHAREHOLDERS' FUNDS (2,843 ) 1,927

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 January 2024 and were signed by:





Mr P A Rouse - Director


Pauls Floors Limited (Registered number: 03972350)

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

1. STATUTORY INFORMATION

Pauls Floors 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.
Plant and machinery etc - 33% Straight line, 25% on reducing balance and 15% on reducing balance

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.

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 2 (2022 - 2 ) .

Pauls Floors Limited (Registered number: 03972350)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022 9,773 7,146 6,642 23,561
Additions - 17,100 - 17,100
At 31 May 2023 9,773 24,246 6,642 40,661
DEPRECIATION
At 1 June 2022 9,648 6,525 6,642 22,815
Charge for year 19 2,649 - 2,668
At 31 May 2023 9,667 9,174 6,642 25,483
NET BOOK VALUE
At 31 May 2023 106 15,072 - 15,178
At 31 May 2022 125 621 - 746

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 23,332 12,579
Other debtors 890 11,193
24,222 23,772

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Hire purchase contracts 2,759 -
Trade creditors 31,004 36,235
Taxation and social security 6,339 8,647
Other creditors 2,429 2,363
42,531 47,245

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 21,228 23,748
Hire purchase contracts 13,505 -
34,733 23,748

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 18,471 21,075

Pauls Floors Limited (Registered number: 03972350)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23 31.5.22
£    £   
**UNKNOWN DIRECTOR 1**
Balance outstanding at start of year 8,475 9,947
Amounts advanced 2,026 37,373
Amounts repaid (10,568 ) (38,845 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (67 ) 8,475

9. RELATED PARTY DISCLOSURES

The company leases the trading premises from Mr P A Rouse, at Portman Road, Reading, Berkshire. Rent is charged to the company by the director at a annual market rent of £12,600.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Pauls Floors Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pauls Floors Limited for the year ended 31 May 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Pauls Floors Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pauls Floors Limited and state those matters that we have agreed to state to the director of Pauls Floors Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Pauls Floors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pauls Floors Limited. You consider that Pauls Floors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pauls Floors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Elsburys Accountants
Suite 2
1 Kings Road
Crowthorne
Berkshire
RG45 7BF


10 January 2024