Paul Tucker Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05633969 (England and Wales)

Financial Statements

for the Year Ended 30 November 2019

for

Paul Tucker Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P D Tucker

REGISTERED OFFICE:

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

REGISTERED NUMBER:

05633969 (England and Wales)

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

FIXED ASSETS

Tangible assets

4

6,241

701

CURRENT ASSETS

Stocks

250

240

Debtors

5

930

4,826

Cash at bank

1,103

5,956

2,283

11,022

CREDITORS

Amounts falling due within one year

6

6,368

9,332

NET CURRENT (LIABILITIES)/ASSETS

(4,085

)

1,690

TOTAL ASSETS LESS CURRENT LIABILITIES

2,156

2,391

PROVISIONS FOR LIABILITIES

1,186

133

NET ASSETS

970

2,258

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

870

2,158

SHAREHOLDERS' FUNDS

970

2,258

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 May 2020 and were signed by:

P D Tucker - Director

1.	STATUTORY INFORMATION

Paul Tucker Ltd 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 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 etc

-

25% on reducing balance, 25% on cost and 15% on reducing balance

Stocks

Stock has been valued at the lower of cost and estimated selling price less costs to sell. In respect of

work in progress, cost includes a relevant proportion of overheads according to the stage manufacture

or completion.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2018

11,053

Additions

8,000

Disposals

(10,000

)

At 30 November 2019

9,053

DEPRECIATION

At 1 December 2018

10,352

Charge for year

2,144

Eliminated on disposal

(9,684

)

At 30 November 2019

2,812

NET BOOK VALUE

At 30 November 2019

6,241

At 30 November 2018

701

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Other debtors

930

4,826

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Trade creditors

301

250

Other creditors

6,067

9,082

6,368

9,332