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REGISTERED NUMBER: 05072950 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Paul Leighton Limited

Paul Leighton Limited (Registered number: 05072950)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Paul Leighton Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P J Leighton
Mrs L L Leighton
Miss E A Leighton





SECRETARY: Mrs L L Leighton





REGISTERED OFFICE: 41 Tivoli Road
Cheltenham
Gloucestershire
GL50 2TD





REGISTERED NUMBER: 05072950 (England and Wales)





ACCOUNTANTS: Myla Grace Accountancy Limited
Suite 1, 5th Floor
31-32 Park Row
Leeds
West Yorkshire
LS1 5JD

Paul Leighton Limited (Registered number: 05072950)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,709 2,844

CURRENT ASSETS
Debtors 5 8,070 7,127
Cash at bank 30,028 91,203
38,098 98,330
CREDITORS
Amounts falling due within one year 6 29,711 15,438
NET CURRENT ASSETS 8,387 82,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,096

85,736

CREDITORS
Amounts falling due after more than one year 7 - 76,140
NET ASSETS 11,096 9,596

CAPITAL AND RESERVES
Called up share capital 42 42
Retained earnings 11,054 9,554
11,096 9,596

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:



P J Leighton - Director


Paul Leighton Limited (Registered number: 05072950)

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

1. STATUTORY INFORMATION

Paul Leighton 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Paul Leighton Limited (Registered number: 05072950)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 3,882
Additions 748
At 31 March 2024 4,630
DEPRECIATION
At 1 April 2023 1,038
Charge for year 883
At 31 March 2024 1,921
NET BOOK VALUE
At 31 March 2024 2,709
At 31 March 2023 2,844

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 7,633 5,851
Other debtors 437 1,276
8,070 7,127

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - (3 )
Taxation and social security 3,362 12,109
Other creditors 26,349 3,332
29,711 15,438

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors - 76,140