REGISTERED NUMBER: 05654118 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 FEBRUARY 2025

FOR

PAUL WINCHESTER & COMPANY LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P Winchester

W Winchester

REGISTERED OFFICE:

3 Margaret Close

Harbury

Leamington Spa

Warwickshire

CV33 9JB

REGISTERED NUMBER:

05654118 (England and Wales)

ACCOUNTANTS:

TGFP

Chartered Accountants

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

8,383

7,877

8,383

7,877

CURRENT ASSETS

Stocks

7,557

9,950

Debtors

6

50,546

36,014

Cash at bank and in hand

37,633

29,407

95,736

75,371

CREDITORS

Amounts falling due within one year

7

55,866

31,241

NET CURRENT ASSETS

39,870

44,130

TOTAL ASSETS LESS CURRENT LIABILITIES

48,253

52,007

CREDITORS

Amounts falling due after more than one year

8

44,662

51,365

NET ASSETS

3,591

642

CAPITAL AND RESERVES

Called up and paid share capital

102

102

Retained earnings

3,489

540

SHAREHOLDERS' FUNDS

3,591

642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2025 and were signed on its behalf by:

P Winchester - Director

1.	STATUTORY INFORMATION

Paul Winchester & Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 2006, is being amortised evenly over its estimated useful life of seven 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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 28 February 2024

and 27 February 2025

15,000

AMORTISATION

At 28 February 2024

and 27 February 2025

15,000

NET BOOK VALUE

At 27 February 2025

-

At 27 February 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 28 February 2024

67,154

Additions

3,414

Disposals

(13,000

)

At 27 February 2025

57,568

DEPRECIATION

At 28 February 2024

59,277

Charge for year

2,843

Eliminated on disposal

(12,935

)

At 27 February 2025

49,185

NET BOOK VALUE

At 27 February 2025

8,383

At 27 February 2024

7,877

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

49,744

28,589

Other debtors

802

1,109

50,546

29,698

Amounts falling due after more than one year:

Other debtors

-

6,316

Aggregate amounts

50,546

36,014

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,120

10,032

Trade creditors

16,232

12,276

Taxation and social security

18,264

7,658

Other creditors

11,250

1,275

55,866

31,241

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,713

12,792

Other creditors

41,949

38,573

44,662

51,365

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors operated loans with the company with no fixed terms of repayment or interest. Amounts advanced during the year were £nil (2024 - £6,316). Amounts repaid during the year were £6,316 (2024 - £nil). At the year end the amount owing to the company was £nil (2024 - £6,316).