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REGISTERED NUMBER: 07175476 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Paylor Enterprises Limited

Paylor Enterprises Limited (Registered number: 07175476)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Paylor Enterprises Limited

Company Information
for the Year Ended 31 March 2024







Director: N C S Paylor





Secretary:





Registered office: Manor Court
Middle Street
Swinton
Malton
North Yorkshire
YO17 6SR





Registered number: 07175476 (England and Wales)





Accountants: Ashby Berry Coulsons
2 Belgrave Crescent
Scarborough
North Yorkshire
YO11 1UB

Paylor Enterprises Limited (Registered number: 07175476)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 35,939 44,844

Current assets
Stocks 6,750 5,050
Debtors 5 6,644 7,464
Cash at bank 63,448 84,762
76,842 97,276
Creditors
Amounts falling due within one year 6 32,583 86,691
Net current assets 44,259 10,585
Total assets less current liabilities 80,198 55,429

Creditors
Amounts falling due after more than one
year

7

34,259

39,815
Net assets 45,939 15,614

Capital and reserves
Called up share capital 1 1
Retained earnings 45,938 15,613
Shareholders' funds 45,939 15,614

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Paylor Enterprises Limited (Registered number: 07175476)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 October 2024 and were signed by:





N C S Paylor - Director


Paylor Enterprises Limited (Registered number: 07175476)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

Paylor Enterprises 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 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
Computer equipment - 33% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Paylor Enterprises Limited (Registered number: 07175476)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. Accounting policies - continued
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.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

4. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 April 2023
and 31 March 2024 96,286 42,460 1,557 140,303
Depreciation
At 1 April 2023 72,756 21,707 996 95,459
Charge for year 3,529 5,189 187 8,905
At 31 March 2024 76,285 26,896 1,183 104,364
Net book value
At 31 March 2024 20,001 15,564 374 35,939
At 31 March 2023 23,530 20,753 561 44,844

Paylor Enterprises Limited (Registered number: 07175476)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 5,717 6,537
Other debtors 927 927
6,644 7,464

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 13,379 43,427
Taxation and social security 5,305 2,071
Other creditors 13,899 41,193
32,583 86,691

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 34,259 39,815

8. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
N C S Paylor
Balance outstanding at start of year 27,793 623
Amounts advanced 51,131 63,744
Amounts repaid (73,425 ) (36,574 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,499 27,793

9. Ultimate controlling party

The ultimate controlling party is N C S Paylor.