IRIS Accounts Production v24.3.2.46 01116614 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh011166142023-07-31011166142024-07-31011166142023-08-012024-07-31011166142022-07-31011166142022-08-012023-07-31011166142023-07-3101116614ns15:EnglandWales2023-08-012024-07-3101116614ns14:PoundSterling2023-08-012024-07-3101116614ns10:Director12023-08-012024-07-3101116614ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3101116614ns10:SmallEntities2023-08-012024-07-3101116614ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3101116614ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3101116614ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3101116614ns10:AbridgedAccounts2023-08-012024-07-3101116614ns5:CurrentFinancialInstruments2024-07-3101116614ns5:CurrentFinancialInstruments2023-07-3101116614ns5:Non-currentFinancialInstruments2024-07-3101116614ns5:Non-currentFinancialInstruments2023-07-3101116614ns5:ShareCapital2024-07-3101116614ns5:ShareCapital2023-07-3101116614ns5:RetainedEarningsAccumulatedLosses2024-07-3101116614ns5:RetainedEarningsAccumulatedLosses2023-07-3101116614ns10:RegisteredOffice2023-08-012024-07-3101116614ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-08-012024-07-3101116614ns5:PlantMachinery2023-08-012024-07-3101116614ns5:MotorVehicles2023-08-012024-07-31
REGISTERED NUMBER: 01116614 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31st July 2024

for

A.J. Paddock & Son Limited

A.J. Paddock & Son Limited (Registered number: 01116614)






Contents of the Financial Statements
for the Year Ended 31st July 2024




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


A.J. Paddock & Son Limited (Registered number: 01116614)

Abridged Balance Sheet
31st July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 11,748 15,260

CURRENT ASSETS
Debtors 2,792 1,918
Cash at bank 8,215 3,585
11,007 5,503
CREDITORS
Amounts falling due within one year 3,688 3,823
NET CURRENT ASSETS 7,319 1,680
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,067

16,940

CREDITORS
Amounts falling due after more than one
year

184,432

184,583

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings (167,365 ) (169,643 )
SHAREHOLDERS' FUNDS (165,365 ) (167,643 )
19,067 16,940

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

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

A.J. Paddock & Son Limited (Registered number: 01116614)

Abridged Balance Sheet - continued
31st July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th April 2025 and were signed on its behalf by:





Mr S B Paddock - Director


A.J. Paddock & Son Limited (Registered number: 01116614)

Notes to the Financial Statements
for the Year Ended 31st July 2024

1. STATUTORY INFORMATION

A.J. Paddock & Son Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01116614

Registered office: The Roost
Three Gates Road
Fawkham
Longfield
Kent
DA3 8NZ

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Sales comprise the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Sales are presented, net of value-added tax, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities as follows:

Rendering of services
Revenue from the rendering of services is recognised at the point at which those services have been provided to the customer. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year. They are subsequently released to the profit and loss in the period the services are rendered.

Rental income
Rental income from operating leases (net of any incentives given to the lessees) is recognised when the right to receive payment is established.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

A.J. Paddock & Son Limited (Registered number: 01116614)

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

3. ACCOUNTING POLICIES - continued

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the
transaction is measured at the present value of the future receipts discounted at a market rate of
interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised
at transaction price unless the arrangement constitutes a financing transaction, where the debt
instrument is measured at the present value of the future payments discounted at a market rate of
interest. Financial liabilities classified as payable within one year are not amortised.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third
parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and
other accounts receivable and payable, are initially measured at present value of the future cash flows
and subsequently at amortised cost using the effective interest method. Debt instruments that are
payable or receivable within one year, typically trade debtors and creditors, are measured, initially and
subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or
received. However, if the arrangements of a short-term instrument constitute a financing transaction,
such as the payment of a trade debt deferred beyond normal business terms or in case of an out-right
short-term loan that is not at market rate, the financial asset or liability is measured, initially at the
present value of future cash flows discounted at a market rate of interest for a similar debt instrument
and subsequently at amortised cost, unless it qualifies as a loan from a director.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting
period for objective evidence of impairment. If objective evidence of impairment is found, an impairment
loss is recognised in the profit and loss.

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


A.J. Paddock & Son Limited (Registered number: 01116614)

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

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st August 2023 135,889
Disposals (1,173 )
At 31st July 2024 134,716
DEPRECIATION
At 1st August 2023 120,629
Charge for year 2,339
At 31st July 2024 122,968
NET BOOK VALUE
At 31st July 2024 11,748
At 31st July 2023 15,260