1 May 2023 v2024.44.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP035364502023-05-012024-04-30035364502024-04-30035364502023-04-3003536450core:WithinOneYear2024-04-3003536450core:WithinOneYear2023-04-3003536450core:AfterOneYear2024-04-3003536450core:AfterOneYear2023-04-3003536450core:ShareCapital2024-04-3003536450core:ShareCapital2023-04-3003536450core:RetainedEarningsAccumulatedLosses2024-04-3003536450core:RetainedEarningsAccumulatedLosses2023-04-3003536450bus:Director12023-05-012024-04-3003536450bus:RegisteredOffice2023-05-012024-04-3003536450core:NetGoodwill2023-05-012024-04-3003536450core:FurnitureFittingsToolsEquipment2023-05-012024-04-30035364502022-05-012023-04-3003536450core:NetGoodwill2024-04-3003536450core:NetGoodwill2023-05-0103536450core:NetGoodwill2023-04-3003536450core:PlantMachinery2023-05-0103536450core:PlantMachinery2023-05-012024-04-3003536450core:PlantMachinery2024-04-3003536450core:PlantMachinery2023-04-300353645012023-05-012024-04-3003536450countries:EnglandWales2023-05-012024-04-3003536450bus:AuditExempt-NoAccountantsReport2023-05-012024-04-3003536450bus:PrivateLimitedCompanyLtd2023-05-012024-04-3003536450bus:SmallEntities2023-05-012024-04-3003536450bus:FullAccounts2023-05-012024-04-30
Company registration number:
03536450
BRIAN PAUL LIMITED
Unaudited Filleted Financial Statements for the year ended
30 April 2024
BRIAN PAUL LIMITED
Statement of Financial Position
30 April 2024
20242023
Note££
Fixed assets    
Intangible assets 5
52,800
 
90,400
 
Tangible assets 6
6,543
 
7,412
 
59,343
 
97,812
 
Current assets    
Debtors 7
231,579
 
199,988
 
Cash at bank and in hand
36,026
 
42,763
 
267,605
 
242,751
 
Creditors: amounts falling due within one year 8
(220,198
)
(165,361
)
Net current assets
47,407
 
77,390
 
Total assets less current liabilities 106,750   175,202  
Creditors: amounts falling due after more than one year 9
(39,581
)
(73,782
)
Provisions for liabilities
(1,229
)
(1,222
)
Net assets
65,940
 
100,198
 
Capital and reserves    
Called up share capital
102
 
100
 
Profit and loss account
65,838
 
100,098
 
Shareholders funds
65,940
 
100,198
 
For the year ending
30 April 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
25 September 2024
, and are signed on behalf of the board by:
P Phillips
Director
Company registration number:
03536450
BRIAN PAUL LIMITED
Notes to the Financial Statements
Year ended
30 April 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Chase Green House
,
42 Chase Side
,
Enfield
,
Middlesex
,
EN2 6NF
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period providing that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment
25% reducing balance

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Long term contracts

Amounts recoverable on long term contracts, which are included within debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as payments on account. Excess payments are included as creditors in payments on account.

4 Average number of employees

The average number of persons employed by the company during the year was
12
(2023:
12.00
).

5 Intangible assets

Goodwill
£
Cost  
At
1 May 2023
and
30 April 2024
638,000
 
Amortisation  
At
1 May 2023
547,600
 
Charge
37,600
 
At
30 April 2024
585,200
 
Carrying amount  
At
30 April 2024
52,800
 
At 30 April 2023
90,400
 

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 May 2023
25,468
 
Additions
1,044
 
Disposals
(4,826
)
At
30 April 2024
21,686
 
Depreciation  
At
1 May 2023
18,056
 
Charge
1,384
 
Disposals
(4,297
)
At
30 April 2024
15,143
 
Carrying amount  
At
30 April 2024
6,543
 
At 30 April 2023
7,412
 

7 Debtors

20242023
££
Trade debtors
152,390
 
116,935
 
Other debtors
79,189
 
83,053
 
231,579
 
199,988
 

8 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
66,765
 
62,219
 
Trade creditors
12,227
 
13,599
 
Taxation and social security
125,206
 
89,193
 
Other creditors
16,000
 
350
 
220,198
 
165,361
 

9 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
39,581
 
65,987
 
Other creditors -  
7,795
 
39,581
 
73,782
 

10 Controlling party

In the opinion of the director, during the accounting period of report, P. J. Phillips could exercise control over the company by virtue of his shareholding therein.