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REGISTERED NUMBER: 08160241 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 July 2024

for

PAUL REILLY BUILDING SERVICES LIMITED

PAUL REILLY BUILDING SERVICES LIMITED (REGISTERED NUMBER: 08160241)






Contents of the Financial Statements
for the year ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PAUL REILLY BUILDING SERVICES LIMITED

Company Information
for the year ended 31 July 2024







DIRECTORS: P T P Reilly
Mrs L S Reilly





REGISTERED OFFICE: The Lodge Cuckoo Lane
Wraxall
Bristol
BS48 1PJ





REGISTERED NUMBER: 08160241 (England and Wales)





ACCOUNTANTS: MGB Accountants (Stonehouse) Limited
Suite 5, First Floor
The Counting House
Bonds Mill Estate
Stonehouse
Gloucestershire
GL10 3RF

PAUL REILLY BUILDING SERVICES LIMITED (REGISTERED NUMBER: 08160241)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,413 57,894

CURRENT ASSETS
Debtors 5 51,698 58,023
Cash at bank 76,087 90,440
127,785 148,463
CREDITORS
Amounts falling due within one year 6 65,527 48,097
NET CURRENT ASSETS 62,258 100,366
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,671

158,260

CREDITORS
Amounts falling due after more than one year 7 11,796 24,156
NET ASSETS 108,875 134,104

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 108,873 134,102
108,875 134,104

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

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

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.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





P T P Reilly - Director


PAUL REILLY BUILDING SERVICES LIMITED (REGISTERED NUMBER: 08160241)

Notes to the Financial Statements
for the year ended 31 July 2024

1. STATUTORY INFORMATION

Paul Reilly Building 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.

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 etc - 25% on reducing balance

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.

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 ) .

PAUL REILLY BUILDING SERVICES LIMITED (REGISTERED NUMBER: 08160241)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 149,513
Additions 19,990
At 31 July 2024 169,503
DEPRECIATION
At 1 August 2023 91,619
Charge for year 19,471
At 31 July 2024 111,090
NET BOOK VALUE
At 31 July 2024 58,413
At 31 July 2023 57,894

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 51,698 58,023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,348 10,648
Hire purchase contracts 4,492 4,182
Trade creditors 18,651 6,412
Taxation and social security 29,340 23,719
Other creditors 3,696 3,136
65,527 48,097

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,407 19,275
Hire purchase contracts 389 4,881
11,796 24,156