Paul Houghton Mediation Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07998867 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Paul Houghton Mediation Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S P Houghton

Ms. P J Dickman

SECRETARY:

Ms. P J Dickman

REGISTERED OFFICE:

BCL House

2 Pavilion Business Park

Royds Hall Road

LEEDS

West Yorkshire

LS12 6AJ

REGISTERED NUMBER:

07998867 (England and Wales)

ACCOUNTANTS:

BCL Accountants Ltd

BCL House

2 Pavilion Business Park

Royds Hall Road

Leeds

LS12 6AJ

FIXED ASSETS

Tangible assets

4

4,883

6,483

CURRENT ASSETS

Debtors

5

15,360

10,582

Cash at bank

99,254

114,410

114,614

124,992

CREDITORS

Amounts falling due within one year

6

13,635

25,852

NET CURRENT ASSETS

100,979

99,140

TOTAL ASSETS LESS CURRENT LIABILITIES

105,862

105,623

PROVISIONS FOR LIABILITIES

927

1,231

NET ASSETS

104,935

104,392

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

104,835

104,292

SHAREHOLDERS' FUNDS

104,935

104,392

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 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 Board of Directors and authorised for issue on 23 June 2022 and were signed on its behalf by:

S P Houghton - Director

1.	STATUTORY INFORMATION

Paul Houghton Mediation 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.

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.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33.3333% on cost

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2021

and 31 March 2022

7,268

8,072

15,340

DEPRECIATION

At 1 April 2021

1,164

7,693

8,857

Charge for year

1,444

156

1,600

At 31 March 2022

2,608

7,849

10,457

NET BOOK VALUE

At 31 March 2022

4,660

223

4,883

At 31 March 2021

6,104

379

6,483

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

15,360

10,080

Other debtors

-

502

15,360

10,582

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade creditors

204

234

Taxation and social security

11,738

24,401

Other creditors

1,693

1,217

13,635

25,852

7.	ULTIMATE CONTROLLING PARTY

The controlling party is S P Houghton.