Paul Curran Limited - Filleted accounts

Registered number

06943958

Paul Curran Limited

Unaudited Filleted Accounts

30 June 2024

Paul Curran Limited
Registered number:		06943958
Balance Sheet
as at 30 June 2024

Notes			2024			2023
£				£
Fixed assets
Intangible assets	3		-			1
Tangible assets	4		29,606			28,760
			29,606			28,761

Current assets
Debtors	5	453			30,643
Cash at bank and in hand		7,806			10,637
		8,259			41,280

Creditors: amounts falling due within one year	6	(4,858)			(17,623)

Net current assets			3,401			23,657

Net assets			33,007			52,418

Capital and reserves
Called up share capital			1			1
Profit and loss account			33,006			52,417

Shareholder's funds			33,007			52,418

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Paul Curan
Director
Approved by the board on 3 April 2025

Paul Curran Limited
Notes to the Accounts
for the year ended 30 June 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, 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, net of discounts and value added 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 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is 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 and machinery			20% reducing balance


	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.

	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 recognised 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.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					1		1


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 July 2023							113,496
	At 30 June 2024							113,496

	Amortisation
	At 1 July 2023							113,495
	Provided during the year							1
	At 30 June 2024							113,496

	Net book value
	At 30 June 2024							-
	At 30 June 2023							1

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
								Plant and machinery etc
£
	Cost
	At 1 July 2023							113,220
	Additions							8,248
	At 30 June 2024							121,468

	Depreciation
	At 1 July 2023							84,460
	Charge for the year							7,402
	At 30 June 2024							91,862

	Net book value
	At 30 June 2024							29,606
	At 30 June 2023							28,760


5	Debtors					2024		2023
£							£

	Trade debtors					453		3,216
	Other debtors					-		27,427
						453		30,643


6	Creditors: amounts falling due within one year					2024		2023
£							£

	Bank loans and overdrafts					-		2
	Trade creditors					4,267		933
	Taxation and social security costs					489		14,888
	Other creditors					102		1,800
						4,858		17,623


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£

	Paul Curran	(27,427)		(127,275)		154,768		66



7	Other information

	Paul Curran Limited is a private company limited by shares and incorporated in England. Its registered office is:
	142 Station Road
	Chingford
	London
	E4 6AN