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REGISTERED NUMBER: 06928686 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

PAUL J NEEDHAM LIMITED

PAUL J NEEDHAM LIMITED (REGISTERED NUMBER: 06928686)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 October 2023










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


PAUL J NEEDHAM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 October 2023







DIRECTOR: Mr P J Needham





REGISTERED OFFICE: The Ivy House
1 Folly Lane
Petersfield
Hampshire
GU31 4AU





REGISTERED NUMBER: 06928686 (England and Wales)





ACCOUNTANTS: Wallis White & Co
Accountants and Tax Consultants
The Ivy House
1 Folly Lane
Petersfield
Hampshire
GU31 4AU

PAUL J NEEDHAM LIMITED (REGISTERED NUMBER: 06928686)

ABRIDGED BALANCE SHEET
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,208 56,995

CURRENT ASSETS
Stocks 91,807 119,991
Debtors 24,309 73,945
Cash at bank and in hand 321,694 350,762
437,810 544,698
CREDITORS
Amounts falling due within one year 224,888 240,311
NET CURRENT ASSETS 212,922 304,387
TOTAL ASSETS LESS CURRENT
LIABILITIES

257,130

361,382

CREDITORS
Amounts falling due after more than one
year

5

(33,303

)

(52,164

)

PROVISIONS FOR LIABILITIES (8,400 ) (14,249 )
NET ASSETS 215,427 294,969

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 215,425 294,967
SHAREHOLDERS' FUNDS 215,427 294,969

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

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

PAUL J NEEDHAM LIMITED (REGISTERED NUMBER: 06928686)

ABRIDGED BALANCE SHEET - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 October 2024 and were signed by:





Mr P J Needham - Director


PAUL J NEEDHAM LIMITED (REGISTERED NUMBER: 06928686)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 October 2023


1. STATUTORY INFORMATION

Paul J Needham 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
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% 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.

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 14 (2022 - 13 ) .

PAUL J NEEDHAM LIMITED (REGISTERED NUMBER: 06928686)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 October 2023


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022 196,817
Additions 508
Disposals (13,270 )
At 31 October 2023 184,055
DEPRECIATION
At 1 November 2022 139,822
Charge for year 12,299
Eliminated on disposal (12,274 )
At 31 October 2023 139,847
NET BOOK VALUE
At 31 October 2023 44,208
At 31 October 2022 56,995

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.10.23 31.10.22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 26,667 36,667