Paul J Davis Limited - Period Ending 2022-03-31

Paul J Davis Limited

Contents

Company Information	1
Profit and Loss Account	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	3
Detailed Profit and Loss Account	5 to 6

Paul J Davis Limited

Company Information

Directors

Mr Paul John Davis Mrs Anne Concepter Davis

Registered office

Unit 10 Phoenix Park Stephenson Industrial Estate Telford Way Coalville Leicestershire LE67 3HB

Accountants

Evolve Accountants and Business Advisors Limited Unit 10 Phoenix Park Stephenson Industrial Estate Telford Way Coalville Leicestershire LE67 3HB

Paul J Davis Limited

Profit and Loss Account for the Year Ended 31 March 2022

	2022 £	2021 £
Turnover	66,512	93,312
Other income	1	31
Staff costs	(20,680)	(20,576)
Depreciation and other amounts written off assets	(83)	(83)
Other charges	(4,355)	(5,923)
Profit before tax	41,395	66,761
Tax on profit	(7,866)	(12,684)
Profit for the year	33,529	54,077

Paul J Davis Limited

(Registration number: 08038808)
Balance Sheet as at 31 March 2022

	2022 £	2021 £
Fixed assets	248	331
Current assets	53,056	71,828
Prepayments and accrued income	21	42
Creditors: Amounts falling due within one year	(10,704)	(17,393)
Net current assets	42,373	54,477
Total assets less current liabilities	42,621	54,808
Provisions for liabilities	(47)	(63)
Accruals and deferred income	(545)	(545)
	42,029	54,200
Capital and reserves	42,029	54,200

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 10 Phoenix Park
Stephenson Industrial Estate
Telford Way
Coalville
Leicestershire
LE67 3HB

These financial statements were authorised for issue by the Board on 12 December 2022.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2021 - 2).

For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

Paul J Davis Limited

(Registration number: 08038808)
Balance Sheet as at 31 March 2022

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 12 December 2022 and signed on its behalf by:
 

......................................... Mr Paul John Davis Director

Paul J Davis Limited

Detailed Profit and Loss Account for the Year Ended 31 March 2022

	2022 £	2021 £
Turnover (analysed below)	66,512	93,312
Gross profit (%)	100%	100%
Administrative expenses
Employment costs (analysed below)	(20,680)	(20,576)
General administrative expenses (analysed below)	(4,265)	(5,865)
Finance charges (analysed below)	(90)	(58)
Depreciation costs (analysed below)	(83)	(83)
	(25,118)	(26,582)
Operating profit	41,394	66,730
Other interest receivable and similar income (analysed below)	1	31
Profit before tax	41,395	66,761

Paul J Davis Limited

Detailed Profit and Loss Account for the Year Ended 31 March 2022

2022 £

2021 £

Turnover
Sale of goods, UK	66,512	93,312

Employment costs
Directors remuneration	(17,680)	(17,576)
Directors pensions (Other)	(3,000)	(3,000)
	(20,680)	(20,576)

General administrative expenses
Telephone and fax	(1,420)	(1,394)
Computer software and maintenance costs	(114)	(100)
Printing, postage and stationery	(360)	(702)
Sundry expenses	(13)	(13)
Advertising	(1,693)	(3,106)
Accountancy fees	(540)	(550)
Legal and professional fees	(125)	-
	(4,265)	(5,865)

Finance charges
Bank charges	(90)	(58)

Depreciation costs
Depreciation of office equipment (owned)	(83)	(83)

Other interest receivable and similar income
Bank interest receivable	1	31