Paul Harrap Decorators Limited - Accounts to registrar (filleted) - small 18.2

Paul Harrap Decorators Limited - Accounts to registrar (filleted) - small 18.2

PAUL HARRAP DECORATORS LIMITED - Company Information

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REGISTERED NUMBER: 05583141 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

PAUL HARRAP DECORATORS LIMITED
PAUL HARRAP DECORATORS LIMITED (REGISTERED NUMBER: 05583141)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2019




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PAUL HARRAP DECORATORS LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2019







DIRECTORS: P Harrap
Mrs L Harrap





SECRETARY: Mrs L Harrap





REGISTERED OFFICE: 1 Carnegie Road
Newbury
Berkshire
RG14 5DJ





REGISTERED NUMBER: 05583141 (England and Wales)





ACCOUNTANTS: Banks & Co Limited
Chartered Certified Accountants
1 Carnegie Road
Newbury
Berkshire
RG14 5DJ
Page 1
PAUL HARRAP DECORATORS LIMITED (REGISTERED NUMBER: 05583141)

ABRIDGED BALANCE SHEET
31 December 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 28,978 43,020
28,978 43,020

CURRENT ASSETS
Stocks 446 563
Debtors 78,973 52,344
Cash at bank 175,261 128,246
254,680 181,153
CREDITORS
Amounts falling due within one year 81,145 76,964
NET CURRENT ASSETS 173,535 104,189
TOTAL ASSETS LESS CURRENT
LIABILITIES
202,513
147,209

PROVISIONS FOR LIABILITIES 6,779 7,985
NET ASSETS 195,734 139,224

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 195,634 139,124
SHAREHOLDERS' FUNDS 195,734 139,224

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 notes form part of these financial statements

Page 2 continued...
PAUL HARRAP DECORATORS LIMITED (REGISTERED NUMBER: 05583141)

ABRIDGED BALANCE SHEET - continued
31 December 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 March 2020 and were signed on its
behalf by:





P Harrap - Director


The notes form part of these financial statements

Page 3
PAUL HARRAP DECORATORS LIMITED (REGISTERED NUMBER: 05583141)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2019

1. STATUTORY INFORMATION

Paul Harrap Decorators 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 ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

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.


Page 4 continued...
PAUL HARRAP DECORATORS LIMITED (REGISTERED NUMBER: 05583141)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2019

2. ACCOUNTING POLICIES - continued
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.

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 4 (2018 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2019
and 31 December 2019 79,954
AMORTISATION
At 1 January 2019
and 31 December 2019 79,954
NET BOOK VALUE

At 31 December 2019 -
At 31 December 2018 -

Page 5 continued...
PAUL HARRAP DECORATORS LIMITED (REGISTERED NUMBER: 05583141)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2019

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2019 99,233
Additions 1,196
Disposals (12,500 )
At 31 December 2019 87,929
DEPRECIATION
At 1 January 2019 56,213
Charge for year 9,965
Eliminated on disposal (7,227 )
At 31 December 2019 58,951
NET BOOK VALUE
At 31 December 2019 28,978
At 31 December 2018 43,020

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
100 Ordinary £1 100 100

7. PENSION COMMITMENTS

The company operates defined contribution pension schemes for its directors and employees. The
contributions to all schemes are held in separately administered funds. During the year the company
made total contributions of £5,487 (2018 £3,495) to the funds, of which £557 (2018 £322) were
outstanding at the year end.

Page 6