Company registration number 13982418 (England and Wales)
Paddycaster Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 March 2024
PAGES FOR FILING WITH REGISTRAR
Paddycaster Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Paddycaster Ltd
Statement of financial position
as at 31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Stocks
2,230
-
Cash at bank and in hand
5,588
1
7,818
1
Creditors: amounts falling due within one year
4
(24,980)
-
0
Net current (liabilities)/assets
(17,162)
1
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(17,163)
-
0
Total equity
(17,162)
1

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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 his responsibilities for complying with the requirements of the Companies Act 2006 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.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 29 August 2024
M Maguire
Director
Company registration number 13982418 (England and Wales)
Paddycaster Ltd
Notes to the financial statements
for the year ended 31 March 2024
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. Turnover is recognised upon the receipt of income.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
1
Paddycaster Ltd
Notes to the financial statements (continued)
for the year ended 31 March 2024
- 3 -
4
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
4,570
-
0
Other creditors
19,410
-
0
Accruals and deferred income
1,000
-
0
24,980
-
0
5
Company information

Paddycaster Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 134 Cousin Lane, Halifax, West Yorkshire, HX2 8HP.

2024-03-312023-04-01false29 August 2024CCH SoftwareCCH Accounts Production 2024.200No description of principal activityM Maguirefalsefalse139824182023-04-012024-03-31139824182024-03-31139824182023-03-3113982418core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3113982418core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3113982418core:CurrentFinancialInstruments2024-03-3113982418core:CurrentFinancialInstruments2023-03-3113982418core:ShareCapital2024-03-3113982418core:ShareCapital2023-03-3113982418core:RetainedEarningsAccumulatedLosses2024-03-3113982418core:RetainedEarningsAccumulatedLosses2023-03-3113982418bus:Director12023-04-012024-03-31139824182022-03-162023-03-3113982418bus:PrivateLimitedCompanyLtd2023-04-012024-03-3113982418bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3113982418bus:FRS1022023-04-012024-03-3113982418bus:AuditExemptWithAccountantsReport2023-04-012024-03-3113982418bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP