| PAYNE & SON MULTI TRADE SERVICES LTD |
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| BALANCE SHEET |
| AS AT 31 JANUARY 2025 |
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| These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities. |
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| For the financial period ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. |
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| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
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| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
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| As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report. |
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| Signed on behalf of the board |
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| L M Payne |
| Director |
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| Date approved by the board: 11 June 2025 |
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| PAYNE & SON MULTI TRADE SERVICES LTD |
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| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD ENDED 31 JANUARY 2025 |
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| 1 |
GENERAL INFORMATION |
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Payne & Son Multi Trade Services Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is: |
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6 Abbott Road |
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Didcot |
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Oxfordshire |
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OX11 8HU |
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The company incorporated on 2 January 2024 and started to trade on 5 January 2024. |
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The financial statements are presented in Sterling, which is the functional currency of the company. |
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| 2 |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
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Basis of preparation of financial statements |
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These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006. |
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Revenue recognition |
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| PAYNE & SON MULTI TRADE SERVICES LTD |
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| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD ENDED 31 JANUARY 2025 |
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| 2 |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…) |
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Financial Instruments |
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The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. |
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Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. |
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| PAYNE & SON MULTI TRADE SERVICES LTD |
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| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD ENDED 31 JANUARY 2025 |
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| 5 |
TANGIBLE ASSETS |
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Plant and machinery |
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£ |
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Cost |
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Additions |
3,961 |
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At 31 January 2025 |
3,961 |
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Accumulated depreciation and impairments |
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Charge for period |
456 |
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At 31 January 2025 |
456 |
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Net book value |
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At 31 January 2025 |
3,505 |
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| 6 |
DEBTORS |
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2025 |
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£ |
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Trade debtors |
331 |
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Prepayments and accrued income |
371 |
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702 |
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| 7 |
CREDITORS: Amounts falling due within one year |
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2025 |
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£ |
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Taxation and social security |
5,447 |
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Accruals and deferred income |
1,201 |
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Other creditors |
30 |
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6,678 |
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| 8 |
RELATED PARTY TRANSACTIONS |
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During the period, the following transactions with related parties took place: |
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L M Payne |
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Director and shareholder |
2025 |
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Advances to company |
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The director has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the director the following amount: |
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30 |
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