Company Registration No. 10576079 (England and Wales)
Paula Rooney Limited
Unaudited accounts
for the year ended 31 January 2024
Paula Rooney Limited
Unaudited accounts
Contents
Paula Rooney Limited
Company Information
for the year ended 31 January 2024
Director
Paula Rooney-Yuen
Company Number
10576079 (England and Wales)
Registered Office
The Stables Manor Farm Yar
Upton Grey
Basingstoke
Hampshire
RG25 2RQ
Paula Rooney Limited
Statement of financial position
as at 31 January 2024
Tangible assets
5,576
6,754
Cash at bank and in hand
14,647
1,134
Creditors: amounts falling due within one year
15,078
28,874
Net current assets
31,978
59,958
Total assets less current liabilities
37,554
66,712
Creditors: amounts falling due after more than one year
(25,955)
(76,295)
Net assets/(liabilities)
11,599
(9,583)
Called up share capital
100
100
Profit and loss account
11,499
(9,683)
Shareholders' funds
11,599
(9,583)
For the year ending 31 January 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 January 2025 and were signed on its behalf by
Paula Rooney-Yuen
Director
Company Registration No. 10576079
Paula Rooney Limited
Notes to the Accounts
for the year ended 31 January 2024
Paula Rooney Limited is a private company, limited by shares, registered in England and Wales, registration number 10576079. The registered office is The Stables Manor Farm Yar, Upton Grey, Basingstoke, Hampshire, RG25 2RQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
7,500
10,946
1,931
20,377
At 31 January 2024
7,500
10,946
3,347
21,793
At 1 February 2023
1,875
10,373
1,375
13,623
Charge for the year
1,875
(191)
910
2,594
At 31 January 2024
3,750
10,182
2,285
16,217
At 31 January 2024
3,750
764
1,062
5,576
At 31 January 2023
5,625
573
556
6,754
Paula Rooney Limited
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Trade debtors
21,107
29,950
Accrued income and prepayments
(18,854)
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,500
7,500
Obligations under finance leases and hire purchase contracts
283
-
Trade creditors
17,019
20,208
Taxes and social security
33,139
14,081
Loans from directors
(79,124)
(62,091)
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
283
-
Taxes and social security
-
44,452
8
Average number of employees
During the year the average number of employees was 1 (2023: 2).