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Registration number: 05753015

Paul Jeffreys Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Paul Jeffreys Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Paul Jeffreys Limited

Company Information

Director

Mr P M Dettmer

Company secretary

Mrs N E Dettmer

Registered office

10 The Marsh
Hythe
Southampton
Hampshire
SO45 6AL

Accountants

Numeric Accounting
Chartered Certified AccountantsSuite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

 

Paul Jeffreys Limited

(Registration number: 05753015)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

1,483

263

Current assets

 

Debtors

6

14,435

12,287

Cash at bank and in hand

 

149,126

135,383

 

163,561

147,670

Creditors: Amounts falling due within one year

7

(106,931)

(95,502)

Net current assets

 

56,630

52,168

Total assets less current liabilities

 

58,113

52,431

Provisions for liabilities

(289)

-

Net assets

 

57,824

52,431

Capital and reserves

 

Called up share capital

8

75

75

Capital redemption reserve

25

25

Retained earnings

57,724

52,331

Shareholders' funds

 

57,824

52,431

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 June 2025
 

 

Paul Jeffreys Limited

(Registration number: 05753015)
Balance Sheet as at 31 March 2025 (continued)

.........................................
Mr P M Dettmer
Director

 

Paul Jeffreys Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
10 The Marsh
Hythe
Southampton
Hampshire
SO45 6AL

These financial statements were authorised for issue by the director on 12 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, 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 specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Paul Jeffreys Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2

Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

15% Reducing Balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Leases

The finance element of the rental payment is charged to the income statement on a straight line basis.

 

Paul Jeffreys Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2

Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
 Recognition and measurement
When a financial asset or financial liability is recognised initially, the entity shall measure it at the transaction price unless the arrangement constitutes, in effect, a financing transaction. An arrangement constitutes a financing transaction if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2024 - 7).

 

Paul Jeffreys Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2024

250,000

250,000

At 31 March 2025

250,000

250,000

Amortisation

At 1 April 2024

250,000

250,000

At 31 March 2025

250,000

250,000

Carrying amount

At 31 March 2025

-

-

5

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 April 2024

11,366

11,366

Additions

1,400

1,400

At 31 March 2025

12,766

12,766

Depreciation

At 1 April 2024

11,103

11,103

Charge for the year

180

180

At 31 March 2025

11,283

11,283

Carrying amount

At 31 March 2025

1,483

1,483

At 31 March 2024

263

263

 

Paul Jeffreys Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

6

Debtors

Current

2025
£

2024
£

Trade debtors

10,139

8,202

Prepayments

3,688

3,687

Other debtors

608

398

 

14,435

12,287

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

24,138

14,246

Accruals and deferred income

2,915

2,625

Other creditors

79,878

78,631

106,931

95,502

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

75

75

75

75

       

9

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

 

Paul Jeffreys Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

9

Obligations under leases and hire purchase contracts (continued)

2025
£

2024
£

Not later than one year

14,750

14,750

Later than one year and not later than five years

18,438

33,188

33,188

47,938

The amount of non-cancellable operating lease payments recognised as an expense during the year was £14,750 (2024 - £14,750).

10

Dividends

2025

2024

£

£

Interim dividend of £514.12 (2024 - £453.73) per ordinary share

38,559

34,030