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Company Registration No. 07541901 (England and Wales)
PAYLOW FURNISHING STORES LTD Unaudited accounts for the year ended 28 February 2025
PAYLOW FURNISHING STORES LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PAYLOW FURNISHING STORES LTD Company Information for the year ended 28 February 2025
Director
Yasin Leysan
Company Number
07541901 (England and Wales)
Registered Office
130 King Edwards Road Barking Essex IG11 7TP England
Accountants
Multiplus Tax Solutions Ltd Suite 1 Chantal House 13-17 High Beech Road Loughton Essex IG10 4BN
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PAYLOW FURNISHING STORES LTD Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
195
244
Current assets
Cash at bank and in hand
193
162
Creditors: amounts falling due within one year
5
(18,679)
(16,849)
Net current liabilities
(18,486)
(16,687)
Net liabilities
(18,291)
(16,443)
Capital and reserves
Called up share capital
1
1
Profit and loss account
(18,292)
(16,444)
Shareholders' funds
(18,291)
(16,443)
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 November 2025 and were signed on its behalf by
Yasin Leysan Director Company Registration No. 07541901
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PAYLOW FURNISHING STORES LTD Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
PAYLOW FURNISHING STORES LTD is a private company, limited by shares, registered in England and Wales, registration number 07541901. The registered office is 130 King Edwards Road, Barking, Essex, IG11 7TP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% reducing balance method
Fixtures & fittings
20% reducing balance method
Going concern
The accounts have been prepared under going concern with a continued support from the director.
Government grants
Government grants represent total money received in connection with regeneration grant from local council which is recognized as income in the profit and loss account.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 March 2024
3,700
186
3,886
At 28 February 2025
3,700
186
3,886
Depreciation
At 1 March 2024
3,532
110
3,642
Charge for the year
34
15
49
At 28 February 2025
3,566
125
3,691
Net book value
At 28 February 2025
134
61
195
At 29 February 2024
168
76
244
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PAYLOW FURNISHING STORES LTD Notes to the Accounts for the year ended 28 February 2025
5
Creditors: amounts falling due within one year
2025
2024
£
£
Loans from directors
18,679
16,449
Accruals
-
400
18,679
16,849
6
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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