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REGISTERED NUMBER: 06234011 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

PAUL AVINS ENTERPRISES LIMITED

PAUL AVINS ENTERPRISES LIMITED (REGISTERED NUMBER: 06234011)






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 AVINS ENTERPRISES LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr P R Avins
Mrs S Avins





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 06234011 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

PAUL AVINS ENTERPRISES LIMITED (REGISTERED NUMBER: 06234011)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,070 17,333

CURRENT ASSETS
Debtors 5 143,541 165,149
Cash at bank 11,581 13,296
155,122 178,445
CREDITORS
Amounts falling due within one year 6 156,804 170,268
NET CURRENT (LIABILITIES)/ASSETS (1,682 ) 8,177
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,388

25,510

CREDITORS
Amounts falling due after more than one year 7 11,057 21,965
NET ASSETS 1,331 3,545

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 1,330 3,544
SHAREHOLDERS' FUNDS 1,331 3,545

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 directors acknowledge their 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 Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:





Mr P R Avins - Director


PAUL AVINS ENTERPRISES LIMITED (REGISTERED NUMBER: 06234011)

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

1. STATUTORY INFORMATION

Paul Avins Enterprises 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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 1 (2023 - NIL ) .

PAUL AVINS ENTERPRISES LIMITED (REGISTERED NUMBER: 06234011)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 4,458 14,403 10,668 29,529
Additions - - 1,230 1,230
At 31 March 2024 4,458 14,403 11,898 30,759
DEPRECIATION
At 1 April 2023 3,116 1,500 7,580 12,196
Charge for year 336 3,226 931 4,493
At 31 March 2024 3,452 4,726 8,511 16,689
NET BOOK VALUE
At 31 March 2024 1,006 9,677 3,387 14,070
At 31 March 2023 1,342 12,903 3,088 17,333

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,642 15,063
Amounts owed by group undertakings 139,621 150,086
Prepayments and accrued income 1,278 -
143,541 165,149

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 6,110 5,959
Hire purchase contracts 4,801 4,801
Trade creditors 26,747 24,676
Amounts owed to group undertakings 1,500 1,500
Tax 1,454 -
Social security and other taxes 3,640 -
VAT 11,652 8,583
Other creditors 400 34
Directors' current accounts - 2,215
Accruals and deferred income 100,500 122,500
156,804 170,268

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 6,264 6,110
Bank loans - 2-5 years 1,592 7,854
Hire purchase contracts 3,201 8,001
11,057 21,965

PAUL AVINS ENTERPRISES LIMITED (REGISTERED NUMBER: 06234011)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary £1 1 1

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £139,621 (2023: £150,086) by its parent company, Massive Action Coaching Ltd, and owed Team Dynamics LLP £1,500 (2023: £1,500), they are related parties by virtue of the fact that they are under common control.

At the balance sheet date, the company owed the director £Nil (2023: £2,215. The amount is interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Massive Action Coaching Ltd.

The ultimate controlling party is Mr P R Avins.