REGISTERED NUMBER: 04542268 (England and Wales)

PAUL EDWARDS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D P Edwards

SECRETARY:

Mrs L E Edwards

REGISTERED OFFICE:

Broyan House

Priory Street

Cardigan

Ceredigion

SA43 1BU

REGISTERED NUMBER:

04542268 (England and Wales)

ACCOUNTANTS:

D M B Davies Limited

Broyan House

Priory Street

Cardigan

Ceredigion

SA43 1BZ

BANKERS:

Nat West Bank plc

4 High Street

Cardigan

Ceredigion

SA43 1HF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

474,360

461,135

474,360

461,135

CURRENT ASSETS

Stocks

27,600

52,467

Debtors

6

280

9,261

Cash at bank

109,120

95,729

137,000

157,457

CREDITORS

Amounts falling due within one year

7

145,628

164,301

NET CURRENT LIABILITIES

(8,628

)

(6,844

)

TOTAL ASSETS LESS CURRENT LIABILITIES

465,732

454,291

PROVISIONS FOR LIABILITIES

9,631

7,118

NET ASSETS

456,101

447,173

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

456,099

447,171

SHAREHOLDERS' FUNDS

456,101

447,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 13 May 2026 and were signed by:

Mr D P Edwards - Director

1.	STATUTORY INFORMATION

Paul Edwards 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

30,000

AMORTISATION

At 1 October 2024

and 30 September 2025

30,000

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 October 2024

423,671

44,642

2,400

Additions

-

-

-

Disposals

-

-

-

At 30 September 2025

423,671

44,642

2,400

DEPRECIATION

At 1 October 2024

-

34,835

2,346

Charge for year

-

1,471

11

At 30 September 2025

-

36,306

2,357

NET BOOK VALUE

At 30 September 2025

423,671

8,336

43

At 30 September 2024

423,671

9,807

54

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 October 2024

97,968

9,026

577,707

Additions

47,420

-

47,420

Disposals

(18,800

)

-

(18,800

)

At 30 September 2025

126,588

9,026

606,327

DEPRECIATION

At 1 October 2024

73,238

6,153

116,572

Charge for year

13,338

575

15,395

At 30 September 2025

86,576

6,728

131,967

NET BOOK VALUE

At 30 September 2025

40,012

2,298

474,360

At 30 September 2024

24,730

2,873

461,135

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

280

9,261

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

12,266

22,403

Trade creditors

57,495

61,045

Taxation and social security

29,451

79,853

Other creditors

46,416

1,000

145,628

164,301

8.	RELATED PARTY DISCLOSURES

9.	ULTIMATE CONTROLLING PARTY