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REGISTERED NUMBER: 09294968 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Professional Paddock Care Limited

Professional Paddock Care Limited (Registered number: 09294968)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Professional Paddock Care Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: J R Clayton
H C Mason
Miss A A Hutson





REGISTERED OFFICE: Station Farm
Station Road
Scredington
Sleaford
Lincolnshire
NG34 0AA





REGISTERED NUMBER: 09294968 (England and Wales)





ACCOUNTANTS: Prestige Accounting Limited T/A Simon Moss & Co
The Finance Centre
34a Southgate
Sleaford
Lincolnshire
NG34 7RY

Professional Paddock Care Limited (Registered number: 09294968)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 133,057 156,427

CURRENT ASSETS
Stocks 37,823 68,662
Debtors 5 13,511 4,594
Cash at bank and in hand 10,082 28,695
61,416 101,951
CREDITORS
Amounts falling due within one year 6 59,540 57,576
NET CURRENT ASSETS 1,876 44,375
TOTAL ASSETS LESS CURRENT
LIABILITIES

134,933

200,802

CREDITORS
Amounts falling due after more than one
year

7

81,378

174,450
NET ASSETS 53,555 26,352

CAPITAL AND RESERVES
Called up share capital 70,100 100
Retained earnings (16,545 ) 26,252
SHAREHOLDERS' FUNDS 53,555 26,352

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

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

Professional Paddock Care Limited (Registered number: 09294968)

Balance Sheet - continued
31 January 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 Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by:





J R Clayton - Director


Professional Paddock Care Limited (Registered number: 09294968)

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

1. STATUTORY INFORMATION

Professional Paddock Care 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Professional Paddock Care Limited (Registered number: 09294968)

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

2. ACCOUNTING POLICIES - continued

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 5 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 467,281
Additions 26,339
Disposals (36,423 )
At 31 January 2024 457,197
DEPRECIATION
At 1 February 2023 310,854
Charge for year 44,351
Eliminated on disposal (31,065 )
At 31 January 2024 324,140
NET BOOK VALUE
At 31 January 2024 133,057
At 31 January 2023 156,427

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 75,767
DEPRECIATION
At 1 February 2023 18,942
Charge for year 14,206
At 31 January 2024 33,148
NET BOOK VALUE
At 31 January 2024 42,619
At 31 January 2023 56,825

Professional Paddock Care Limited (Registered number: 09294968)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 1,834 2,963
Other debtors 11,677 1,631
13,511 4,594

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 12,378 11,684
Trade creditors 6,005 13,498
Taxation and social security 12,909 9,944
Other creditors 18,248 12,450
59,540 57,576

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 15,833 25,833
Hire purchase contracts 35,545 48,617
Other creditors 30,000 100,000
81,378 174,450

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Hire purchase contracts 47,923 60,301

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors due after more than one year is a loan re Mr J R Clayton, a director of £30,000 (2023 : £100,000). There is no fixed date for repayment and in view of the fact that the director has indicated that he does not expect to seek repayment within one year, the loan has been dealt with as falling due after one year.

Professional Paddock Care Limited

Report of the Accountants to the Directors of
Professional Paddock Care Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Prestige Accounting Limited T/A Simon Moss & Co
The Finance Centre
34a Southgate
Sleaford
Lincolnshire
NG34 7RY


24 October 2024