Company Registration No. 07478218 (England and Wales)
Paul Adams Windows Limited
Unaudited accounts
for the year ended 31 March 2024
Paul Adams Windows Limited
Unaudited accounts
Contents
Paul Adams Windows Limited
Company Information
for the year ended 31 March 2024
Company Number
07478218 (England and Wales)
Registered Office
12 Milton Avenue
Rustington
West Sussex
BN16 2PP
Accountants
Ian Sykes and Co Limited
1 Windlesham Gardens
Shoreham by Sea
West Sussex
BN43 5AD
Paul Adams Windows Limited
Statement of financial position
as at 31 March 2024
Tangible assets
44,132
40,553
Cash at bank and in hand
313,506
329,539
Creditors: amounts falling due within one year
(54,544)
(81,147)
Net current assets
259,392
248,392
Net assets
303,524
288,945
Called up share capital
100
100
Profit and loss account
303,424
288,845
Shareholders' funds
303,524
288,945
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 April 2024 and were signed on its behalf by
Paul Adams
Director
Company Registration No. 07478218
Paul Adams Windows Limited
Notes to the Accounts
for the year ended 31 March 2024
Paul Adams Windows Limited is a private company, limited by shares, registered in England and Wales, registration number 07478218. The registered office is 12 Milton Avenue, Rustington, West Sussex, BN16 2PP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
Revenue, described as turnover, is the value of goods provided to customers during the year, plus the value of work performed during the year with respect to services.
Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is recognised on the provision of services on completion of each individual project.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
20% straight line
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
Government grants are recognised under the accrual model meaning that grants relating to revenue shall be recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
Paul Adams Windows Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
68,073
1,845
69,918
At 31 March 2024
86,028
1,845
87,873
At 1 April 2023
28,258
1,107
29,365
Charge for the year
14,007
369
14,376
At 31 March 2024
42,265
1,476
43,741
At 31 March 2024
43,763
369
44,132
At 31 March 2023
39,815
738
40,553
Amounts falling due within one year
Accrued income and prepayments
10
-
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
9,498
13,732
Taxes and social security
18,930
35,307
Other creditors
24,570
30,538
Loans from directors
46
120
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).