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REGISTERED NUMBER: 07349139 (England and Wales)















Paul Mew Associates Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Paul Mew Associates Limited (Registered number: 07349139)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Paul Mew Associates Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: P J Mew





REGISTERED OFFICE: Unit 1 Plym House
21 Enterprise Way
London
SW18 1FZ





REGISTERED NUMBER: 07349139 (England and Wales)





ACCOUNTANTS: Hughes Waddell
The White House
2 Meadrow
Godalming
Surrey
GU7 3HN

Paul Mew Associates Limited (Registered number: 07349139)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 81,250 93,750
Tangible assets 5 2,343 2,329
83,593 96,079

CURRENT ASSETS
Debtors 6 58,812 179,805
Cash at bank 1,011,474 868,840
1,070,286 1,048,645
CREDITORS
Amounts falling due within one year 7 85,455 115,178
NET CURRENT ASSETS 984,831 933,467
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,068,424

1,029,546

CAPITAL AND RESERVES
Called up share capital 160 160
Share premium 44,053 44,053
Retained earnings 1,024,211 985,333
SHAREHOLDERS' FUNDS 1,068,424 1,029,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 21 June 2024 and were signed by:




P J Mew - Director


Paul Mew Associates Limited (Registered number: 07349139)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Paul Mew Associates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 2010, is being amortised evenly over its estimated useful life of twenty 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.
Website - 33% on cost
Computer & Office Equipment - 33% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

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.

Paul Mew Associates Limited (Registered number: 07349139)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 7 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 250,000
AMORTISATION
At 1 April 2023 156,250
Charge for year 12,500
At 31 March 2024 168,750
NET BOOK VALUE
At 31 March 2024 81,250
At 31 March 2023 93,750

5. TANGIBLE FIXED ASSETS
Computer Fixtures
& Office and Motor
Website Equipment fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 1,700 21,815 9,334 14,000 46,849
Additions - 1,090 - - 1,090
Disposals - - - (14,000 ) (14,000 )
At 31 March 2024 1,700 22,905 9,334 - 33,939
DEPRECIATION
At 1 April 2023 1,700 19,642 9,178 14,000 44,520
Charge for year - 1,024 52 - 1,076
Eliminated on disposal - - - (14,000 ) (14,000 )
At 31 March 2024 1,700 20,666 9,230 - 31,596
NET BOOK VALUE
At 31 March 2024 - 2,239 104 - 2,343
At 31 March 2023 - 2,173 156 - 2,329

Paul Mew Associates Limited (Registered number: 07349139)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 54,444 175,051
Other debtors 4,368 4,754
58,812 179,805

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 16 16
Trade creditors 1,542 487
Taxation and social security 75,947 94,739
Other creditors 7,950 19,936
85,455 115,178