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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
Page
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Paul Adams Windows Limited Company Information for the year ended 31 March 2024
Director
Paul Adams
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
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Paul Adams Windows Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
44,132 
40,553 
Current assets
Debtors
430 
- 
Cash at bank and in hand
313,506 
329,539 
313,936 
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 
Capital and reserves
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
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Paul Adams Windows Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Turnover
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
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.
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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 
Additions
17,955 
- 
17,955 
At 31 March 2024
86,028 
1,845 
87,873 
Depreciation
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 
Net book value
At 31 March 2024
43,763 
369 
44,132 
At 31 March 2023
39,815 
738 
40,553 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
420 
- 
Accrued income and prepayments
10 
- 
430 
- 
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 
Accruals
1,500 
1,450 
54,544 
81,147 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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