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REGISTERED NUMBER: 05454486 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

PAUL CHRISTIAN LTD

PAUL CHRISTIAN LTD (REGISTERED NUMBER: 05454486)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PAUL CHRISTIAN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: P C Barker
Mrs I M Barker





SECRETARY: Mrs I M Barker





REGISTERED OFFICE: C/O Gordon Wood Scott & Partners Limited
Dean House
94 Whiteladies Road
Clifton
Bristol
BS8 2QX





BUSINESS ADDRESS: 31 Eldon Terrace
Windmill Hill
Bristol
BS3 4NZ





REGISTERED NUMBER: 05454486 (England and Wales)





ACCOUNTANTS: Gordon Wood Scott & Partners Limited
Chartered Accountants
Dean House
94 Whiteladies Road
Clifton
Bristol
BS8 2QX

PAUL CHRISTIAN LTD (REGISTERED NUMBER: 05454486)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 13,481 16,376
Investments 5 10 10
13,491 16,386

CURRENT ASSETS
Stocks 14,046 15,176
Debtors 6 17,030 4,198
Cash at bank 97,347 109,685
128,423 129,059
CREDITORS
Amounts falling due within one year 7 (42,091 ) (44,274 )
NET CURRENT ASSETS 86,332 84,785
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,823

101,171

CREDITORS
Amounts falling due after more than one
year

8

(6,080

)

(11,756

)

PROVISIONS FOR LIABILITIES 10 (3,370 ) (4,094 )
NET ASSETS 90,373 85,321

CAPITAL AND RESERVES
Called up share capital 11 3 3
Profit & Loss Account 90,370 85,318
SHAREHOLDERS' FUNDS 90,373 85,321

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

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

PAUL CHRISTIAN LTD (REGISTERED NUMBER: 05454486)

BALANCE SHEET - continued
31 MAY 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 Statement of Income and Retained Earnings has not been delivered.

Approved by the Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:




P C Barker - Director



Mrs I M Barker - Director


PAUL CHRISTIAN LTD (REGISTERED NUMBER: 05454486)

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

1. STATUTORY INFORMATION

Paul Christian Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Paul Christian Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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
Motor vehicles - 25% on reducing balance

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

Stocks
Stocks are valued at the lower of coat and net realisable value.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Short term debtors are measured at transaction price less any impairment.

Short term creditors are measured at transaction price.

Cash is represented by deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Other financial liabilities, including borrowings are initially measured at fair value and subsequently measured at amortised cost using the effective interest rate method, with interest expense recognised on an effective yield basis.


PAUL CHRISTIAN LTD (REGISTERED NUMBER: 05454486)

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

2. ACCOUNTING POLICIES - continued
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.

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023 10,331 28,585 38,916
Additions 981 - 981
At 31 May 2024 11,312 28,585 39,897
DEPRECIATION
At 1 June 2023 7,451 15,089 22,540
Charge for year 502 3,374 3,876
At 31 May 2024 7,953 18,463 26,416
NET BOOK VALUE
At 31 May 2024 3,359 10,122 13,481
At 31 May 2023 2,880 13,496 16,376


PAUL CHRISTIAN LTD (REGISTERED NUMBER: 05454486)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 10
NET BOOK VALUE
At 31 May 2024 10
At 31 May 2023 10

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 16,162 2,958
Tax 11 583
Prepayments 857 657
17,030 4,198

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 5,675 5,675
Trade creditors 19,221 19,170
Amounts owed to group undertakings 10 10
Corporation tax 6,699 7,519
Social security and other taxes 6,705 4,767
Directors' loan accounts 1,781 4,133
Accruals and deferred income 2,000 3,000
42,091 44,274

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 6,080 11,756

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Hire purchase contracts 11,755 17,431

PAUL CHRISTIAN LTD (REGISTERED NUMBER: 05454486)

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

10. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 3,370 4,094

Deferred
tax
£   
Balance at 1 June 2023 4,094
Provided during year (724 )
Balance at 31 May 2024 3,370

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
3 Ordinary £1 3 3