Paul Wilson (ENT) Services Ltd Filleted accounts for Companies House (small and micro)

PAUL WILSON (ENT) SERVICES LTD - Company Information

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COMPANY REGISTRATION NUMBER: 09425354

Paul Wilson (ENT) Services Ltd

Filleted Unaudited Financial Statements

30 April 2020

Paul Wilson (ENT) Services Ltd

Financial Statements

Year ended 30 April 2020

Contents	Pages

Balance sheet	1 to 2

Notes to the financial statements	3 to 5

Paul Wilson (ENT) Services Ltd

Balance Sheet

30 April 2020

	2020	2019
Note	£	£

Fixed assets

Tangible assets	5	902	1,764

Current assets

Debtors	6	20,014	61,442
Cash at bank and in hand		2,774	7,943
		--------	--------
		22,788	69,385

Creditors: amounts falling due within one year	7	11,285	10,694
		--------	--------
Net current assets		11,503	58,691
		--------	--------
Total assets less current liabilities		12,405	60,455
		--------	--------
Net assets		12,405	60,455
		--------	--------

Capital and reserves

Called up share capital	300	300
Profit and loss account	12,105	60,155
	--------	--------
Shareholders funds	12,405	60,455
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit & loss has not been delivered.

For the year ending 30 April 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Paul Wilson (ENT) Services Ltd

Balance Sheet (continued)

30 April 2020

These financial statements were approved by the board of directors and authorised for issue on 10 January 2021 , and are signed on behalf of the board by:

Mr P S Wilson

Director

Company registration number: 09425354

Paul Wilson (ENT) Services Ltd

Notes to the Financial Statements

Year ended 30 April 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 King Street, Newcastle-under-Lyme, Staffordshire, ST5 1ER. The company registration number is 09425354 .

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Judgements and key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: As described in the accounting policies of the financial statements, depreciation of tangible assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take in to account actual asset lives and residual values as evidenced by disposals during current and prior accounting periods.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered. Revenue from the sale of services is recognised upon the completion of the service.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Computer equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank and in hand. Trade creditors Trade creditors are not interest bearing and are stated at their nominal value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2019: 1 ).

5. Tangible assets

	Computer equipment	Total
	£	£
Cost
At 1 May 2019 and 30 April 2020	4,331	4,331
	-------	-------
Depreciation
At 1 May 2019	2,567	2,567
Charge for the year	862	862
	-------	-------
At 30 April 2020	3,429	3,429
	-------	-------
Carrying amount
At 30 April 2020	902	902
	-------	-------
At 30 April 2019	1,764	1,764
	-------	-------

6. Debtors

	2020	2019
	£	£
Trade debtors	19,439	14,954
Other debtors	575	46,488
	--------	--------
	20,014	61,442
	--------	--------

7. Creditors: amounts falling due within one year

	2020	2019
	£	£
Corporation tax	8,550	8,101
Other creditors	2,735	2,593
	--------	--------
	11,285	10,694
	--------	--------

8. Directors' advances, credits and guarantees

During the year the directors have maintained a current account with the company. The balance at the start of the year was £46,488 (2019 - £75,458) included within other debtors. The total balance at the end of the year was £82 included in other creditors (2019 - £46,488 included in other debtors). Total advances during the year were £87,463 (2019 - £115,533). There was an individually material repayment on 30/01/2020 of £83,500 (2019 - £75,500), all other repayments during the year totalled £50,533 (2019 - £69,003). The advances were on an interest free basis.