2023-03-012024-02-282024-02-28false06511189PAVED WAY 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PAVED WAY LIMITED

Registered Number
06511189
(England and Wales)

Unaudited Financial Statements for the Period ended
28 February 2024

PAVED WAY LIMITED
Company Information
for the period from 1 March 2023 to 28 February 2024

Director

CROWTHER, Daniel

Registered Address

The Riverside
4 Melbourne Street
Stalybridge
SK15 2JE

Registered Number

06511189 (England and Wales)
PAVED WAY LIMITED
Balance Sheet as at
28 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3110,437133,450
110,437133,450
Current assets
Debtors51,44141,967
Cash at bank and on hand57,793161,524
109,234203,491
Creditors amounts falling due within one year4(49,329)(133,980)
Net current assets (liabilities)59,90569,511
Total assets less current liabilities170,342202,961
Creditors amounts falling due after one year(16,400)(27,130)
Net assets153,942175,831
Capital and reserves
Called up share capital11
Profit and loss account153,941175,830
Shareholders' funds153,942175,831
The financial statements were approved and authorised for issue by the Director on 26 November 2024, and are signed on its behalf by:
CROWTHER, Daniel
Director
Registered Company No. 06511189
PAVED WAY LIMITED
Notes to the Financial Statements
for the period ended 28 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings20
Vehicles20
Office Equipment20
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year44
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 23199,205
Additions3,386
At 28 February 24202,591
Depreciation and impairment
At 01 March 2365,755
Charge for year26,399
At 28 February 2492,155
Net book value
At 28 February 24110,437
At 28 February 23133,450
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables30,77324,466
Bank borrowings and overdrafts9,6009,600
Taxation and social security8,95619,009
Other creditors-72,505
Accrued liabilities and deferred income-8,400
Total49,329133,980
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
CROWTHER, Daniel013,15613,1560
013,15613,1560