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REGISTERED NUMBER: 07946747 (England and Wales)










Financial Statements

for the Year Ended 31 March 2024

for

PA Todd and Co Limited

PA Todd and Co Limited (Registered number: 07946747)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PA Todd and Co Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs N Alimohamed
Mrs M Ahmad
Ms P Vadera





REGISTERED OFFICE: 378 East Park Road
Leicester
LE5 5AY





REGISTERED NUMBER: 07946747 (England and Wales)






PA Todd and Co Limited (Registered number: 07946747)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 98,868 130,411

Current assets
Debtors 5 257,870 376,684
Cash at bank and in hand 676,125 386,644
933,995 763,328
Creditors
Amounts falling due within one year 6 171,100 136,399
Net current assets 762,895 626,929
Total assets less current liabilities 861,763 757,340

Creditors
Amounts falling due after more than one
year

7

108,734

130,139
Net assets 753,029 627,201

Capital and reserves
Called up share capital 102 102
Retained earnings 752,927 627,099
753,029 627,201

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

PA Todd and Co Limited (Registered number: 07946747)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:





Mrs N Alimohamed - Director


PA Todd and Co Limited (Registered number: 07946747)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. Statutory information

PA Todd and Co 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

PA Todd and Co Limited (Registered number: 07946747)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. Employees and directors

The average number of employees during the year was 20 (2023 - 16 ) .

4. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 April 2023 22,093 125,651 39,877 187,621
Additions - - 1,412 1,412
At 31 March 2024 22,093 125,651 41,289 189,033
Depreciation
At 1 April 2023 15,325 5,236 36,649 57,210
Charge for year 1,692 30,103 1,160 32,955
At 31 March 2024 17,017 35,339 37,809 90,165
Net book value
At 31 March 2024 5,076 90,312 3,480 98,868
At 31 March 2023 6,768 120,415 3,228 130,411

5. Debtors: amounts falling due within one year
31.3.24 31.3.23
£    £   
Trade debtors 102,601 217,852
Other debtors 155,269 158,832
257,870 376,684

6. Creditors: amounts falling due within one year
31.3.24 31.3.23
£    £   
Hire purchase contracts 21,405 21,405
Trade creditors 1 -
Taxation and social security 105,710 60,842
Other creditors 43,984 54,152
171,100 136,399

7. Creditors: amounts falling due after more than one year
31.3.24 31.3.23
£    £   
Hire purchase contracts 108,734 130,139

PA Todd and Co Limited (Registered number: 07946747)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. Secured debts

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire Purchase Creditor 130,139 151,545

9. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mrs N Alimohamed
Balance outstanding at start of year 56,344 14,263
Amounts advanced 28,970 56,581
Amounts repaid (56,500 ) (14,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,814 56,344

No provision has been made in these accounts for tax on overdrawn loan as this was fully repaid by 6th April 2024 by voting dividend.

10. Related party disclosures

The controlling party is Mrs N Alimohamed.

During the year total dividends of £14,500 were paid to the directors.