| Paul Fishman Limited |
| Registered number: |
01540172 |
| Balance Sheet |
| as at 31 March 2019 |
|
| Notes |
|
|
2019 |
|
|
2018 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
503 |
|
|
671 |
|
| Current assets |
| Debtors |
4 |
|
32,000 |
|
|
- |
| Cash at bank and in hand |
|
|
9,922 |
|
|
6,884 |
|
|
|
41,922 |
|
|
6,884 |
|
| Creditors: amounts falling due within one year |
5 |
|
(14,445) |
|
|
(8,253) |
|
| Net current assets/(liabilities) |
|
|
|
27,477 |
|
|
(1,369) |
|
| Net assets/(liabilities) |
|
|
|
27,980 |
|
|
(698) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
27,880 |
|
|
(798) |
|
| Shareholder's funds |
|
|
|
27,980 |
|
|
(698) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| P Fishman, Esq |
| Director |
| Approved by the board on 17 December 2019 |
|
| Paul Fishman Limited |
| Notes to the Accounts |
| for the year ended 31 March 2019 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and related services and is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
25% on reducing balance |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current tax assets and liabilities are not discounted. |
|
| 2 |
Employees |
2019 |
|
2018 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 April 2018 |
213,428 |
|
At 31 March 2019 |
213,428 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2018 |
212,757 |
|
Charge for the year |
168 |
|
At 31 March 2019 |
212,925 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2019 |
503 |
|
At 31 March 2018 |
671 |
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2019 |
|
2018 |
| £ |
£ |
|
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
31,000 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Due from related party |
|
|
|
|
1,710 |
|
1,710 |
|
Corporation tax |
6,779 |
|
273 |
|
Other creditors |
5,956 |
|
6,270 |
|
|
|
|
|
|
14,445 |
|
8,253 |
|
|
|
|
|
|
|
|
|
|
Included in creditors is £4,443 (2018: £5,057) owing to the director. The loan is interest-free and there is no fixed date of repayment. The director has confirmed that the loan will only be repaid as and when cash flow permits. |
|
| 6 |
Related party transactions |
2019 |
|
2018 |
| £ |
£ |
|
J.H.P. Limited |
|
P. Fishman, Esq, the director and shareholder of Paul Fishman Limited is the sole director and shareholder of J.H.P. Limited. |
|
Amount due (to) from the related party |
(1,710) |
|
(1,710) |
|
|
|
|
|
|
|
|
|
|
Inpaul Investments Limited |
|
P. Fishman, Esq, the director and shareholder of Paul Fishman Limited is a director and shareholder of Inpaul Investments Limited. |
|
Amount due (to) from the related party |
31,000 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
| 7 |
Controlling party |
|
|
The company is controlled by the director who owns the entire share capital of the company. |
|
| 8 |
Other information |
|
|
Paul Fishman Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
13 Oakeshott Avenue |
|
Highgate |
|
London |
|
N6 6NT |
