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Registration number: 07789416

A. F. Payne Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

A. F. Payne Limited

Contents

Company Information

1

Accountants' Report

2

Profit and Loss Account

3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

4

 

A. F. Payne Limited

Company Information

Directors

Mrs Deborah Payne

Mr Andrew Payne

Registered office

93 Aldwick Road
Bognor Regis
West Sussex
PO21 2NW

Accountants

Matthews Hanton Limited
Chartered Certified Accountants93 Aldwick Road
Bognor Regis
West Sussex
PO21 2NW

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
A. F. Payne Limited
for the Year Ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A. F. Payne Limited for the year ended 30 September 2024 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of A. F. Payne Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of A. F. Payne Limited and state those matters that we have agreed to state to the Board of Directors of A. F. Payne Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A. F. Payne Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that A. F. Payne Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of A. F. Payne Limited. You consider that A. F. Payne Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of A. F. Payne Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Matthews Hanton Limited
Chartered Certified Accountants
93 Aldwick Road
Bognor Regis
West Sussex
PO21 2NW

14 January 2025

 

A. F. Payne Limited

Profit and Loss Account for the Year Ended 30 September 2024

2024
£

2023
£

Turnover

369,688

362,908

Other income

360

-

Cost of raw materials and consumables

(273,502)

(277,464)

Staff costs

(25,140)

(23,816)

Depreciation and other amounts written off assets

(498)

(665)

Other charges

(23,045)

(24,535)

Profit before tax

47,863

36,428

Tax on profit

(8,923)

(7,203)

Profit for the year

38,940

29,225

 

A. F. Payne Limited

(Registration number: 07789416)
Balance Sheet as at 30 September 2024

2024
£

2023
£

Fixed assets

1,492

1,990

Current assets

70,987

75,277

Creditors: Amounts falling due within one year

(71,515)

(76,343)

Net current liabilities

(528)

(1,066)

Total assets less current liabilities

964

924

Accruals and deferred income

(915)

(915)

 

49

9

Capital and reserves

49

9

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
93 Aldwick Road
Bognor Regis
West Sussex
PO21 2NW
United Kingdom

These financial statements were authorised for issue by the Board on 14 January 2025.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

Dividends Paid
Dividends of £38,900 (2023: £29,250) were paid during the period.

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

A. F. Payne Limited

(Registration number: 07789416)
Balance Sheet as at 30 September 2024

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the micro entities regime and FRS 105 ‘The Financial Reporting Standard Applicable to the Micro-entities Regime.

Approved and authorised by the Board on 14 January 2025 and signed on its behalf by:
 

.........................................
Mr Andrew Payne
Director

 

A. F. Payne Limited

iXBRL Detailed Profit and Loss Account for the Year Ended 30 September 2024

2024
£

2023
£

Turnover/revenue

369,688

362,908

Cost of sales

Opening other inventories

(2,000)

(2,000)

Purchase of raw materials and consumables

(206,267)

(211,154)

Closing other inventories

2,000

2,000

Subcontractor costs

(67,235)

(66,310)

Gross profit

96,186

85,444

Distribution costs

Administrative expenses

Audit and accountancy other services

(3,221)

(3,518)

Advertising, promotions and marketing costs

(587)

(1,587)

Client entertaining costs

(98)

(1,003)

Rent, rates and services costs

(700)

-

Other repairs and maintenance costs

-

(102)

Depreciation of fixed assets

(498)

(665)

Vehicle costs

(7,254)

(7,665)

Other staff costs

(347)

-

Salaries and fees, directors

(25,140)

(23,816)

Travel and subsistence

(9)

(519)

Bad debts and impairment losses

-

(75)

Bank charges

(519)

(555)

Insurance costs

(4,192)

(3,916)

IT and computing

(2,170)

(2,201)

Telecommunications

(761)

-

Printing, postage and stationery

(640)

(516)

Subscriptions

(847)

(827)

Other costs

(1,700)

(2,051)

Other operating income

Other operating income

360

-

Other items

Profit on ordinary activities before taxation

47,863

36,428

Tax on profit or loss on ordinary activities

(8,923)

(7,203)

Profit for the financial year

38,940

29,225