ACCOUNTS - Final Accounts preparation

Company registration number: 05817903

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2026

	SINCERELY PAUL LTD


SINCERELY PAUL LTD

COMPANY INFORMATION

Director	P G Pugh


Registered number	05817903


Registered office	Thistledene
	Old Lane Gardens
	Cobham
	Surrey
	KT11 1NN


Accountants	Menzies LLP
	Chartered Accountants
	2nd Floor, Origin One
	108 High Street
	Crawley
	RH10 1BD


SINCERELY PAUL LTD

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 6


SINCERELY PAUL LTD REGISTERED NUMBER:05817903

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026

		2026		2025
Note		£		£

Fixed assets
Intangible assets	4		3,294		16,469
Tangible assets	5		2,644		1,669
			5,938		18,138
Current assets
Debtors: amounts falling due within one year	6	240,666		191,583
Cash at bank and in hand		863,869		1,071,147
		1,104,535		1,262,730
Creditors: amounts falling due within one year	7	(823,861)		(915,677)
Net current assets			280,674		347,053
Total assets less current liabilities			286,612		365,191
Provisions for liabilities
Deferred tax		(1,419)		(4,472)
			(1,419)		(4,472)
Net assets			285,193		360,719

Capital and reserves
Allotted, called up and fully paid share capital	50	50
Profit and loss account	285,143	360,669
	285,193	360,719

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Page 1


SINCERELY PAUL LTD REGISTERED NUMBER:05817903

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2026

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

P G Pugh

Director

Date: 27 May 2026

The notes on pages 3 to 6 form part of these financial statements.

Page 2


SINCERELY PAUL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Sincerely Paul Ltd is a private company limited by shares incorporated in England and Wales. The address of the registered office which is also the trading address is disclosed on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is comprised from the specialising in the design and delivery of tours, events, activities, staffing and transportation, possessing and utilising extensive local knowledge, expertise and resources to provide tour services. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

Website development

years

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SINCERELY PAUL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment

25% Per annum

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Current and deferred taxation

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

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.7

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.

Employees

The average monthly number of employees, including directors, during the year was 6 (2025 - 7).

Page 4


SINCERELY PAUL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

4.	Intangible assets

		Computer software
		£
	Cost
	At 1 April 2025	66,025
	At 31 March 2026	66,025
	Amortisation
	At 1 April 2025	49,556
	Charge for the year	13,175
	At 31 March 2026	62,731
	Net book value
	At 31 March 2026	3,294
	At 31 March 2025	16,469

5.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	At 1 April 2025	12,072
	Additions	2,203
	At 31 March 2026	14,275
	Depreciation
	At 1 April 2025	10,403
	Charge for the year	1,228
	At 31 March 2026	11,631
	Net book value
	At 31 March 2026	2,644
	At 31 March 2025	1,669

Page 5


SINCERELY PAUL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Debtors

					2026	2025
					£	£


Trade debtors	143,226	115,431
Prepayments and accrued income	97,440	76,152
	240,666	191,583

7.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Trade creditors	20,094	17,093
Corporation tax	75,800	74,227
Other taxation and social security	15,018	19,784
Other creditors	611	589
Accruals and deferred income	712,338	803,984
	823,861	915,677

8.	Transactions with directors
	During the year, the director was advanced £290,900 (2025: £190,900) in the year, and made repayments of £290,900 (2025: £190,900). The balance outstanding at year end is £Nil (2025: £Nil). There was no interest charged on the loan.

Page 6