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Registered number: 04317844
Paul Thomas Flowers Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Merranti Accounting Ltd
10 Scandia-Hus Business Park Felcourt Park
East Grinstead
West Sussex
RH19 2LP
Contents
Page
Company Information 1
Accountants' Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—8
Page 1
Company Information
Directors Paul Thomas
Ahmed Salman
Company Number 04317844
Registered Office Arch 83 Queens Circus Queenstown Road
London
SW11 8NE
Accountants Merranti Accounting Ltd
10 Scandia-Hus Business Park Felcourt Park
East Grinstead
West Sussex
RH19 2LP
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Accountants' Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Paul Thomas Flowers Ltd for the year ended 30 April 2024 which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have given us.
This report is made solely to the directors of Paul Thomas Flowers Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Paul Thomas Flowers Ltd and state those matters that we have agreed to state to the directors of Paul Thomas Flowers Ltd in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.
It is your duty to ensure that Paul Thomas Flowers Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Paul Thomas Flowers Ltd . You consider that Paul Thomas Flowers Ltd 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 financial statements of Paul Thomas Flowers Ltd . 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 financial statements.
Signed
16 January 2025
Merranti Accounting Ltd
10 Scandia-Hus Business Park Felcourt Park
East Grinstead
West Sussex
RH19 2LP
Page 2
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Balance Sheet
Registered number: 04317844
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 29,849 42,642
Tangible Assets 5 67,407 28,273
97,256 70,915
CURRENT ASSETS
Stocks 500 500
Debtors 6 330,168 275,445
Cash at bank and in hand 93,885 397,826
424,553 673,771
Creditors: Amounts Falling Due Within One Year 7 (371,322 ) (580,254 )
NET CURRENT ASSETS (LIABILITIES) 53,231 93,517
TOTAL ASSETS LESS CURRENT LIABILITIES 150,487 164,432
Creditors: Amounts Falling Due After More Than One Year 8 (54,520 ) (34,583 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,807 ) (5,372 )
NET ASSETS 83,160 124,477
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account 83,159 124,476
SHAREHOLDERS' FUNDS 83,160 124,477
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For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Paul Thomas
Director
16 January 2025
The notes on pages 5 to 8 form part of these financial statements.
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Page 5
Notes to the Financial Statements
1. General Information
Paul Thomas Flowers Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04317844 . The registered office is Arch 83 Queens Circus Queenstown Road, London, SW11 8NE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 20% Straight line method
Plant & Machinery 25% Straight line method
Motor Vehicles 25% Straight line method
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2023: 16)
19 16
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 255,000
As at 30 April 2024 255,000
Amortisation
As at 1 May 2023 212,358
Provided during the period 12,793
As at 30 April 2024 225,151
Net Book Value
As at 30 April 2024 29,849
As at 1 May 2023 42,642
5. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 May 2023 67,849 255,271 323,120
Additions - 57,980 57,980
As at 30 April 2024 67,849 313,251 381,100
...CONTINUED
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Depreciation
As at 1 May 2023 67,849 226,998 294,847
Provided during the period - 18,846 18,846
As at 30 April 2024 67,849 245,844 313,693
Net Book Value
As at 30 April 2024 - 67,407 67,407
As at 1 May 2023 - 28,273 28,273
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 284,938 235,786
Other debtors 45,230 39,659
330,168 275,445
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,574 659
Trade creditors 220,827 282,965
Bank loans and overdrafts 5,294 5,000
Other creditors 9,848 102,821
Taxation and social security 128,779 188,809
371,322 580,254
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 25,843 -
Bank loans 28,677 34,583
54,520 34,583
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,574 659
Later than one year and not later than five years 25,843 -
32,417 659
32,417 659
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10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 62,456 93,310
Later than one year and not later than five years - 62,207
62,456 155,517
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Paul Thomas - 3,628 - - 3,628
The above loan is unsecured, interest free and repayable on demand. The loan was repaid in June 2024. 
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