Paddle Worldwide Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10821068 (England and Wales)

Unaudited Financial Statements

for the Period 15th June 2017 to 30th June 2018

for

Paddle Worldwide Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTORS:

L B Percy

Miss S Hockley

SECRETARY:

Courts Accountancy Services Limited

REGISTERED OFFICE:

Investment House

22-26 Celtic Court

Ballmoor

Buckingham

MK18 1RQ

REGISTERED NUMBER:

10821068 (England and Wales)

ACCOUNTANTS:

Courts Accountancy Services Ltd

Investment House

26 Celtic Court

Ballmoor

Buckingham

Buckinghamshire

MK18 1RQ

FIXED ASSETS

Tangible assets

3

5,746

CURRENT ASSETS

Cash at bank

395

CREDITORS

Amounts falling due within one year

4

15,864

NET CURRENT LIABILITIES

(15,469

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,723

)

RESERVES

Retained earnings

(9,723

)

(9,723

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th June 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th June 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 14th March 2019 and were signed on its behalf by:

L B Percy - Director

1.	STATUTORY INFORMATION

Paddle Worldwide 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Tangible fixed assets

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

Taxation

Taxation for the period 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 period 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.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

7,183

At 30th June 2018

7,183

DEPRECIATION

Charge for period

1,437

At 30th June 2018

1,437

NET BOOK VALUE

At 30th June 2018

5,746

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

15,864

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only

required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 30th June 2018 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Courts Accountancy Services Ltd

Investment House

26 Celtic Court

Ballmoor

Buckingham

Buckinghamshire

MK18 1RQ

Date: .............................................