Company No:
Contents
Note | 30.04.2024 | 28.12.2023 | ||
£ | £ | |||
Fixed assets | ||||
Investment property | 3 |
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64,273 | 64,273 | |||
Current assets | ||||
Debtors | 4 |
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113,034 | 197,911 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current (liabilities)/assets | (24,099) | 16,565 | ||
Total assets less current liabilities | 40,174 | 80,838 | ||
Creditors: amounts falling due after more than one year | 6 | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account |
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Total shareholders' funds |
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Director's responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Paisley Plant Hire Ltd (registered number:
Mr R A Paisley
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.
Paisley Plant Hire Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The financial statements are presented for a period of 4 months. The reason for this is the winding down of operations. The comparative amounts presented in the financial statements (including the related party notes) are not entirely comparable'
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The fair value is determined annually by the director, on an open market value for existing use basis.
Period from 29.12.2023 to 30.04.2024 |
Year ended 28.12.2023 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the period, including the director |
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The company is run and administered by the director of the company for whom no formal contracts of service is in place
Investment property | |
£ | |
Valuation | |
As at 29 December 2023 |
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As at 30 April 2024 |
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The investment properties class of fixed assets were adjusted on 30 April 2024 to fair value by the director who is internal to the company. The basis of this valuation was open market value. The class of asset has a current value of £64,273 (2023 - £64,273) and a carrying amount at historical cost of £64,273 (2023 - £64,273). The depreciation on this historical cost is nil (2023 - £nil).
There has been no valuation of investment property by an independent valuer.
30.04.2024 | 28.12.2023 | ||
£ | £ | ||
Other debtors |
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30.04.2024 | 28.12.2023 | ||
£ | £ | ||
Bank loans |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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30.04.2024 | 28.12.2023 | ||
£ | £ | ||
Bank loans |
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Transactions with the entity's director
The Directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.
At 29 December 2023, the balance owed by the director was £117,312. During the year, £nil was advanced to the director, and £85,413 was repaid by the director. At 30 April 2024, the balance owed by the director was £31,899.
At 29 December 2022, the balance owed by the director was £158,312. During the year, £nil was advanced to the director, and £41,000 was repaid by the director. At 28 December 2023, the balance owed by the director was £117,312.