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REGISTERED NUMBER: 04905879 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

TERENCE PAUL (MANCHESTER) LIMITED

TERENCE PAUL (MANCHESTER) LIMITED (REGISTERED NUMBER: 04905879)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


TERENCE PAUL (MANCHESTER) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr T P Tierney
Mr S Cookson
Mr S G Kirkham





SECRETARY: Mr S G Kirkham





REGISTERED OFFICE: 250 Finney Lane
Heald Green
Cheadle
Cheshire
SK8 3QD





REGISTERED NUMBER: 04905879 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

TERENCE PAUL (MANCHESTER) LIMITED (REGISTERED NUMBER: 04905879)

BALANCE SHEET
30 APRIL 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 569,995 688,662
Tangible assets 5 427,404 478,570
997,399 1,167,232

CURRENT ASSETS
Stocks 56,116 60,247
Debtors 6 40,890 42,864
Cash at bank and in hand 76,996 89,740
174,002 192,851
CREDITORS
Amounts falling due within one year 7 475,236 487,511
NET CURRENT LIABILITIES (301,234 ) (294,660 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

696,165

872,572

CREDITORS
Amounts falling due after more than one
year

8

(502,000

)

(636,147

)

PROVISIONS FOR LIABILITIES 9 (28,313 ) (36,279 )
NET ASSETS 165,852 200,146

CAPITAL AND RESERVES
Called up share capital 10 80 80
Retained earnings 165,772 200,066
SHAREHOLDERS' FUNDS 165,852 200,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

TERENCE PAUL (MANCHESTER) LIMITED (REGISTERED NUMBER: 04905879)

BALANCE SHEET - continued
30 APRIL 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 January 2025 and were signed on its behalf by:




Mr T P Tierney - Director Mr S Cookson - Director




Mr S G Kirkham - Director


TERENCE PAUL (MANCHESTER) LIMITED (REGISTERED NUMBER: 04905879)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Terence Paul (Manchester) 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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 34 (2023 - 35 ) .

TERENCE PAUL (MANCHESTER) LIMITED (REGISTERED NUMBER: 04905879)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 1,780,000
AMORTISATION
At 1 May 2023 1,091,338
Charge for year 118,667
At 30 April 2024 1,210,005
NET BOOK VALUE
At 30 April 2024 569,995
At 30 April 2023 688,662

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 324,610 691,658 1,016,268
Additions - 191 191
At 30 April 2024 324,610 691,849 1,016,459
DEPRECIATION
At 1 May 2023 41,116 496,582 537,698
Charge for year 6,492 44,865 51,357
At 30 April 2024 47,608 541,447 589,055
NET BOOK VALUE
At 30 April 2024 277,002 150,402 427,404
At 30 April 2023 283,494 195,076 478,570

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 15,530 20,659
Other debtors 25,360 22,205
40,890 42,864

TERENCE PAUL (MANCHESTER) LIMITED (REGISTERED NUMBER: 04905879)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 53,676 59,996
Hire purchase contracts - 6,260
Trade creditors 39,926 43,329
Taxation and social security 120,929 103,857
Other creditors 260,705 274,069
475,236 487,511

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Bank loans 208,645 254,163
Other creditors 293,355 381,984
502,000 636,147

9. PROVISIONS FOR LIABILITIES
30/4/24 30/4/23
£    £   
Deferred tax
Capital allowances in excess of depreciation 28,313 36,279

Deferred
tax
£   
Balance at 1 May 2023 36,279
Credit to Statement of Income and Retained Earnings during year (7,966 )
Balance at 30 April 2024 28,313

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/24 30/4/23
value: £    £   
80 Ordinary £1 80 80

11. ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate parent company is Terence Paul Holdings Ltd whose registered office address is 250 Finney Lane, Heald Green, Cheadle, SK8 3DQ.