Paul Birtles & Company Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02995362 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2021

for

PAUL BIRTLES & COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P A Birtles

C J Balden

D P Birtles

SECRETARY:

Mrs A Birtles

REGISTERED OFFICE:

c/o BTMR Limited

Century Buildings

14 St. Mary's Parsonage

Manchester

M3 2DF

REGISTERED NUMBER:

02995362 (England and Wales)

ACCOUNTANTS:

BTMR Limited

Century Buildings

14 St Mary's Parsonage

Manchester

M3 2DF

BANKERS:

National Westminster Bank PLC

23 Stamford New Road

Altrincham

Cheshire

WA14 1DB

FIXED ASSETS

Tangible assets

4

7,578

8,384

CURRENT ASSETS

Debtors

5

14,015

7,647

Cash at bank

213,103

179,149

227,118

186,796

CREDITORS

Amounts falling due within one year

6

99,721

76,280

NET CURRENT ASSETS

127,397

110,516

TOTAL ASSETS LESS CURRENT LIABILITIES

134,975

118,900

CREDITORS

Amounts falling due after more than one year

7

(43,409

)

(50,560

)

PROVISIONS FOR LIABILITIES

(1,348

)

(1,481

)

NET ASSETS

90,218

66,859

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

90,118

66,759

SHAREHOLDERS' FUNDS

90,218

66,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2022 and were signed on its behalf by:

P A Birtles - Director

1.	STATUTORY INFORMATION

Paul Birtles & Company 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 accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Tangible fixed assets are initially recorded at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilties, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2020 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2021

11,377

50,997

975

63,349

Additions

-

-

674

674

At 31 December 2021

11,377

50,997

1,649

64,023

DEPRECIATION

At 1 January 2021

10,188

44,350

427

54,965

Charge for year

178

997

305

1,480

At 31 December 2021

10,366

45,347

732

56,445

NET BOOK VALUE

At 31 December 2021

1,011

5,650

917

7,578

At 31 December 2020

1,189

6,647

548

8,384

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade debtors

10,422

6,528

Other debtors

3,593

1,119

14,015

7,647

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans and overdrafts

10,556

11,667

Trade creditors

3,788

8,238

Taxation and social security

47,372

45,154

Other creditors

38,005

11,221

99,721

76,280

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans

43,409

50,560

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

18,982

-

8.	ULTIMATE CONTROLLING PARTY

The controlling party is P A Birtles.

The ultimate controlling party is P A Birtles.