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REGISTERED NUMBER: 02995362 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

PAUL BIRTLES & COMPANY LIMITED

PAUL BIRTLES & COMPANY LIMITED (REGISTERED NUMBER: 02995362)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PAUL BIRTLES & COMPANY LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P A Birtles
C J Balden
D P Birtles



SECRETARY: Mrs A Birtles



REGISTERED OFFICE: c/o BTMR Limited
Century Buildings
14 St. Mary's Parsonage
Manchester
M3 2DF



REGISTERED NUMBER: 02995362 (England and Wales)



ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



BANKERS: National Westminster Bank PLC
23 Stamford New Road
Altrincham
Cheshire
WA14 1DB

PAUL BIRTLES & COMPANY LIMITED (REGISTERED NUMBER: 02995362)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,472 7,001

CURRENT ASSETS
Debtors 5 9,713 19,222
Cash at bank 122,624 205,320
132,337 224,542
CREDITORS
Amounts falling due within one year 6 71,901 114,689
NET CURRENT ASSETS 60,436 109,853
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,908

116,854

CREDITORS
Amounts falling due after more than one
year

7

(31,140

)

(35,649

)

PROVISIONS FOR LIABILITIES (1,168 ) (1,255 )
NET ASSETS 34,600 79,950

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 34,500 79,850
SHAREHOLDERS' FUNDS 34,600 79,950

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:



P A Birtles - Director


PAUL BIRTLES & COMPANY LIMITED (REGISTERED NUMBER: 02995362)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Paul Birtles & Company 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 accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilties, or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

PAUL BIRTLES & COMPANY LIMITED (REGISTERED NUMBER: 02995362)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 11,593 51,547 1,649 64,789
Additions - 177 587 764
At 31 December 2023 11,593 51,724 2,236 65,553
DEPRECIATION
At 1 January 2023 10,550 46,277 961 57,788
Charge for year 157 817 319 1,293
At 31 December 2023 10,707 47,094 1,280 59,081
NET BOOK VALUE
At 31 December 2023 886 4,630 956 6,472
At 31 December 2022 1,043 5,270 688 7,001

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 4,407 7,475
Other debtors 5,306 11,747
9,713 19,222

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 5,556 7,760
Trade creditors 23,609 8,378
Taxation and social security 19,131 43,179
Other creditors 23,605 55,372
71,901 114,689

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 31,140 35,649

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 8,917 13,426

PAUL BIRTLES & COMPANY LIMITED (REGISTERED NUMBER: 02995362)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 11,250 11,250
Between one and five years 45,000 45,000
In more than five years 28,325 39,575
84,575 95,825

9. ULTIMATE CONTROLLING PARTY

The controlling party is P A Birtles.

The ultimate controlling party is P A Birtles.