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Company Registration No. 07031020 (England and Wales)
Paul Kobayashi Limited Unaudited accounts for the year ended 30 September 2024
Paul Kobayashi Limited Unaudited accounts Contents
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Paul Kobayashi Limited Company Information for the year ended 30 September 2024
Director
Paul Kobayashi
Company Number
07031020 (England and Wales)
Registered Office
7 WESSEX AVENUE SHILLINGSTONE BLANDFORD FORUM Dorset DT11 0TG ENGLAND
Accountants
Chrome Accounts Ltd 7 Wessex Avenue Shillingstone Blandford Forum Dorset DT11 0TG
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Paul Kobayashi Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
6,011 
7,406 
Cash at bank and in hand
6,830 
120 
12,841 
7,526 
Creditors: amounts falling due within one year
(4,309)
(7,523)
Net current assets
8,532 
3 
Net assets
8,532 
3 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
8,530 
1 
Shareholders' funds
8,532 
3 
For the year ending 30 September 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 his 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 10 March 2025 and were signed on its behalf by
Paul Kobayashi Director Company Registration No. 07031020
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Paul Kobayashi Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Paul Kobayashi Limited is a private company, limited by shares, registered in England and Wales, registration number 07031020. The registered office is 7 WESSEX AVENUE, SHILLINGSTONE, BLANDFORD FORUM, Dorset, DT11 0TG, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer. 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.
Tangible fixed assets and depreciation
Tangible assets are measured at cost less accumulative depreciation and impairment costs. Depreciation has been provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant & machinery
20% Straight Line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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Paul Kobayashi Limited Notes to the Accounts for the year ended 30 September 2024
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recignised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased Assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased asset or, if lower, the present value of the minimum lease payments.Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Other Information
Paul Kobayashi Limited is a private company limited by shares and incorporated in England. Its registered office is: 7 Wessex Avenue Shillingstone Blandford Forum Dorset DT11 0TG
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 October 2023
10,000 
At 30 September 2024
10,000 
Amortisation
At 1 October 2023
10,000 
At 30 September 2024
10,000 
Net book value
At 30 September 2024
- 
Goodwill has been written off in equal instalments over its estimated economic life of 10 years.
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Paul Kobayashi Limited Notes to the Accounts for the year ended 30 September 2024
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 October 2023
2,025 
At 30 September 2024
2,025 
Depreciation
At 1 October 2023
2,025 
At 30 September 2024
2,025 
Net book value
At 30 September 2024
- 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,836 
2,710 
Other debtors
1,435 
3,016 
5,271 
5,726 
Amounts falling due after more than one year
Other debtors
740 
1,680 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
11,185 
14,399 
Loans from directors
(7,776)
(7,776)
Accruals
900 
900 
4,309 
7,523 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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