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REGISTERED NUMBER: 07443664 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Paul Wolfenden & Associates Limited

Paul Wolfenden & Associates Limited (Registered number: 07443664)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Paul Wolfenden & Associates Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P Wolfenden
Mrs Z Wolfenden





SECRETARY: P Wolfenden





REGISTERED OFFICE: Unit 1b Focus Four
Fourth Avenue
Letchworth Garden City
Hertfordshire
SG6 2TU





REGISTERED NUMBER: 07443664 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
Unit 1B
Focus 4
Fourth Avenue
Letchworth
Hertfordshire
SG6 2TU

Paul Wolfenden & Associates Limited (Registered number: 07443664)

Balance Sheet
31 March 2024

2024 2023
as restated
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 235 708
Investments 5 100 100
335 808

CURRENT ASSETS
Debtors 6 602,512 422,844
Cash at bank 72 148
602,584 422,992
CREDITORS
Amounts falling due within one year 7 259,896 166,392
NET CURRENT ASSETS 342,688 256,600
TOTAL ASSETS LESS CURRENT
LIABILITIES

343,023

257,408

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 342,923 257,308
343,023 257,408

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.

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 16 May 2025 and were signed on its behalf by:




P Wolfenden - Director


Paul Wolfenden & Associates Limited (Registered number: 07443664)

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

1. STATUTORY INFORMATION

Paul Wolfenden & Associates 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.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 5 ) .

Paul Wolfenden & Associates Limited (Registered number: 07443664)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 12,408
DEPRECIATION
At 1 April 2023 11,700
Charge for year 473
At 31 March 2024 12,173
NET BOOK VALUE
At 31 March 2024 235
At 31 March 2023 708

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100
At 31 March 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Other debtors 602,512 422,844

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors - 360
Taxation and social security 253,996 164,319
Other creditors 5,900 1,713
259,896 166,392

Paul Wolfenden & Associates Limited (Registered number: 07443664)

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

8. 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:

2024 2023
as restated
£    £   
P Wolfenden
Balance outstanding at start of year 325,517 72,934
Amounts advanced 176,893 266,868
Amounts repaid (35,737 ) (14,285 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 466,673 325,517

9. RELATED PARTY DISCLOSURES

During the year, the company made sales of £155,500 (2023 - £191,867) to H & W Property Valuers Ltd, a company in which Mr P Wolfenden is a director. At 31 March 2024, there was a balance due from H & W Property Valuers Ltd of £Nil (2023 - £Nil).