IRIS Accounts Production v24.2.0.383 05085713 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050857132023-01-31050857132024-01-31050857132023-02-012024-01-31050857132022-01-31050857132022-02-012023-01-31050857132023-01-3105085713ns15:EnglandWales2023-02-012024-01-3105085713ns14:PoundSterling2023-02-012024-01-3105085713ns10:Director12023-02-012024-01-3105085713ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3105085713ns10:SmallEntities2023-02-012024-01-3105085713ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3105085713ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3105085713ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3105085713ns10:FullAccounts2023-02-012024-01-310508571312023-02-012024-01-3105085713ns10:Director22023-02-012024-01-3105085713ns10:CompanySecretary12023-02-012024-01-3105085713ns10:RegisteredOffice2023-02-012024-01-3105085713ns5:CurrentFinancialInstruments2024-01-3105085713ns5:CurrentFinancialInstruments2023-01-3105085713ns5:Non-currentFinancialInstruments2024-01-3105085713ns5:Non-currentFinancialInstruments2023-01-3105085713ns5:ShareCapital2024-01-3105085713ns5:ShareCapital2023-01-3105085713ns5:RevaluationReserve2024-01-3105085713ns5:RevaluationReserve2023-01-3105085713ns5:RetainedEarningsAccumulatedLosses2024-01-3105085713ns5:RetainedEarningsAccumulatedLosses2023-01-3105085713ns5:NetGoodwill2023-02-012024-01-3105085713ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3105085713ns5:NetGoodwill2023-01-3105085713ns5:NetGoodwill2024-01-3105085713ns5:NetGoodwill2023-01-3105085713ns5:PlantMachinery2023-01-3105085713ns5:PlantMachinery2023-02-012024-01-3105085713ns5:PlantMachinery2024-01-3105085713ns5:PlantMachinery2023-01-3105085713ns5:CostValuation2024-01-3105085713ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3105085713ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3105085713ns5:RevaluationReserve2023-01-31
REGISTERED NUMBER: 05085713 (England and Wales)















PAWLETTS (BM) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2024






PAWLETTS (BM) LIMITED (REGISTERED NUMBER: 05085713)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PAWLETTS (BM) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: I R Pawlett
MJ Pawlett





SECRETARY: I R Pawlett





REGISTERED OFFICE: Sidings House
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU





REGISTERED NUMBER: 05085713 (England and Wales)






PAWLETTS (BM) LIMITED (REGISTERED NUMBER: 05085713)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 37,059 47,295
Investments 6 500 500
Investment property 7 182,399 182,399
219,958 230,194

CURRENT ASSETS
Stocks 128,917 131,151
Debtors 8 16,576 23,587
Cash at bank and in hand 38,982 56,883
184,475 211,621
CREDITORS
Amounts falling due within one year 9 177,311 162,592
NET CURRENT ASSETS 7,164 49,029
TOTAL ASSETS LESS CURRENT
LIABILITIES

227,122

279,223

CREDITORS
Amounts falling due after more than one
year

10

(64,625

)

(102,125

)

PROVISIONS FOR LIABILITIES (10,126 ) (9,641 )
NET ASSETS 152,371 167,457

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 11 3,445 3,445
Retained earnings 148,924 164,010
SHAREHOLDERS' FUNDS 152,371 167,457

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

PAWLETTS (BM) LIMITED (REGISTERED NUMBER: 05085713)

BALANCE SHEET - continued
31 JANUARY 2024


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 16 September 2024 and were signed on its behalf by:





I R Pawlett - Director


PAWLETTS (BM) LIMITED (REGISTERED NUMBER: 05085713)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Pawletts (BM) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten 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.

Plant and machinery - 15% on Reducing Balance
Fixtures and fittings - 10% on Reducing Balance
Motor vehicles - 25% on Reducing Balance

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


PAWLETTS (BM) LIMITED (REGISTERED NUMBER: 05085713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 40,000
AMORTISATION
At 1 February 2023
and 31 January 2024 40,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

PAWLETTS (BM) LIMITED (REGISTERED NUMBER: 05085713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 102,954
Additions 441
At 31 January 2024 103,395
DEPRECIATION
At 1 February 2023 55,659
Charge for year 11,415
Eliminated on disposal (738 )
At 31 January 2024 66,336
NET BOOK VALUE
At 31 January 2024 37,059
At 31 January 2023 47,295

6. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 February 2023
and 31 January 2024 500
NET BOOK VALUE
At 31 January 2024 500
At 31 January 2023 500

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 182,399
NET BOOK VALUE
At 31 January 2024 182,399
At 31 January 2023 182,399

PAWLETTS (BM) LIMITED (REGISTERED NUMBER: 05085713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,601 18,572
Other debtors 3,975 5,015
16,576 23,587

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 51,976 48,340
Taxation and social security 16,335 25,389
Other creditors 99,000 78,863
177,311 162,592

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 15,000 25,000
Other creditors 49,625 77,125
64,625 102,125

11. RESERVES
Revaluation
reserve
£   
At 1 February 2023
and 31 January 2024 3,445