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REGISTERED NUMBER: 01905132 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

PAVER REPAIR SERVICES LIMITED

PAVER REPAIR SERVICES LIMITED (REGISTERED NUMBER: 01905132)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PAVER REPAIR SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTOR: T Fagan





SECRETARY: Mrs G Fagan





REGISTERED OFFICE: Bannister Hall Works
Higher Walton
Preston
Lancashire
PR5 4DZ





REGISTERED NUMBER: 01905132 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Chartered Accountants
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

PAVER REPAIR SERVICES LIMITED (REGISTERED NUMBER: 01905132)

BALANCE SHEET
30TH JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 585,195 601,406
Investments 5 1,000,000 1,000,000
1,585,195 1,601,406

CURRENT ASSETS
Debtors 6 523,737 474,618
Cash at bank 17,724 11,973
541,461 486,591
CREDITORS
Amounts falling due within one year 7 3,733 16,213
NET CURRENT ASSETS 537,728 470,378
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,122,923

2,071,784

CREDITORS
Amounts falling due after more than one
year

8

(392,631

)

(256,948

)

PROVISIONS FOR LIABILITIES (35,088 ) (29,725 )
NET ASSETS 1,695,204 1,785,111

CAPITAL AND RESERVES
Called up share capital 16,400 16,400
Share premium 990,000 990,000
Capital redemption reserve 1,600 1,600
Retained earnings 687,204 777,111
SHAREHOLDERS' FUNDS 1,695,204 1,785,111

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PAVER REPAIR SERVICES LIMITED (REGISTERED NUMBER: 01905132)

BALANCE SHEET - continued
30TH JUNE 2023


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 director and authorised for issue on 1st October 2024 and were signed by:





T Fagan - Director


PAVER REPAIR SERVICES LIMITED (REGISTERED NUMBER: 01905132)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023


1. STATUTORY INFORMATION

Paver Repair Services 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.

The financial statements present information relating to Paver Repair Services Limited, not to Paver Repair Services Limited Group. In the opinion of the director, Paver Repair Services Limited is exempt from preparing consolidated financial statements of the Group as it qualifies as a small group under the Companies Act 2006.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents rental income receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on revaluation
Plant and machinery - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

PAVER REPAIR SERVICES LIMITED (REGISTERED NUMBER: 01905132)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1st July 2022
and 30th June 2023 800,000 79,535 879,535
DEPRECIATION
At 1st July 2022 200,000 78,129 278,129
Charge for year 16,000 211 16,211
At 30th June 2023 216,000 78,340 294,340
NET BOOK VALUE
At 30th June 2023 584,000 1,195 585,195
At 30th June 2022 600,000 1,406 601,406

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st July 2022
and 30th June 2023 1,000,000
NET BOOK VALUE
At 30th June 2023 1,000,000
At 30th June 2022 1,000,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 523,737 474,618

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Taxation and social security 1,133 14,913
Other creditors 2,600 1,300
3,733 16,213

PAVER REPAIR SERVICES LIMITED (REGISTERED NUMBER: 01905132)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Amounts owed to group undertakings 392,631 256,948

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th June 2023 and 30th June 2022:

30.6.23 30.6.22
£    £   
T Fagan
Balance outstanding at start of year 66,731 61,635
Amounts advanced 115,850 66,731
Amounts repaid - -
Amounts written off (66,731 ) (61,635 )
Amounts waived - -
Balance outstanding at end of year 115,850 66,731

Director loans are unsecured, interest free and repayable on demand.