Paveclean (N.e) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05763890 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2019

FOR

PAVECLEAN (N.E) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J Ramshaw

J W Barton

REGISTERED OFFICE:

West Wing

57a Front Street

East Boldon

Tyne and Wear

NE36 0SD

REGISTERED NUMBER:

05763890 (England and Wales)

ACCOUNTANTS:

Robert Miller & Co.

Chartered Accountants

43a Front Street

Cleadon Village

Sunderland

SR6 7PG

FIXED ASSETS

Tangible assets

3

5,050

7,222

CURRENT ASSETS

Stocks

6,000

8,580

Cash at bank

3,731

2,702

9,731

11,282

CREDITORS

Amounts falling due within one year

4

8,776

17,355

NET CURRENT ASSETS/(LIABILITIES)

955

(6,073

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,005

1,149

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

6,003

1,147

SHAREHOLDERS' FUNDS

6,005

1,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 31 January 2020 and were signed on its behalf by:

Mrs J Ramshaw - Director

1.	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.

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

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net

realisable value, after making due allowance for obsolete and slow moving

items.

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.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2018 - 5 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 May 2018

10,553

6,050

16,603

Additions

600

-

600

Disposals

-

(2,800

)

(2,800

)

At 30 April 2019

11,153

3,250

14,403

DEPRECIATION

At 1 May 2018

6,095

3,286

9,381

Charge for year

506

166

672

Eliminated on disposal

-

(700

)

(700

)

At 30 April 2019

6,601

2,752

9,353

NET BOOK VALUE

At 30 April 2019

4,552

498

5,050

At 30 April 2018

4,458

2,764

7,222

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

-

3,297

Taxation and social security

3,963

1,007

Other creditors

4,813

13,051

8,776

17,355