Paul Campion Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 08289830 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2022

for

Paul Campion Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Campion

REGISTERED OFFICE:

c/o ABC Accounting Services

1 Willoughton Place

Wharton Close

Gainsborough

Lincolnshire

DN21 1EB

REGISTERED NUMBER:

08289830 (England and Wales)

ACCOUNTANTS:

ABC Accounting Services

1 Willoughton Place

Wharton Close

Gainsborough

Lincolnshire

DN21 1EB

FIXED ASSETS

Intangible assets

4

-

1,000

Tangible assets

5

6,982

5,735

6,982

6,735

CURRENT ASSETS

Debtors

6

4,053

418

Cash at bank

58,711

51,399

62,764

51,817

CREDITORS

Amounts falling due within one year

7

9,980

12,353

NET CURRENT ASSETS

52,784

39,464

TOTAL ASSETS LESS CURRENT LIABILITIES

59,766

46,199

PROVISIONS FOR LIABILITIES

1,327

1,090

NET ASSETS

58,439

45,109

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

58,438

45,108

SHAREHOLDERS' FUNDS

58,439

45,109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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 20 December 2022 and were signed by:

P Campion - Director

1.	STATUTORY INFORMATION

Paul Campion 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 represents sales of goods and services. The company is not registered for value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Equipment

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2021

and 30 November 2022

10,000

AMORTISATION

At 1 December 2021

9,000

Amortisation for year

1,000

At 30 November 2022

10,000

NET BOOK VALUE

At 30 November 2022

-

At 30 November 2021

1,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Equipment

fittings

vehicles

Totals

£

£

£

£

COST

At 1 December 2021

3,850

590

16,103

20,543

Additions

2,800

-

-

2,800

At 30 November 2022

6,650

590

16,103

23,343

DEPRECIATION

At 1 December 2021

1,249

322

13,237

14,808

Charge for year

810

26

717

1,553

At 30 November 2022

2,059

348

13,954

16,361

NET BOOK VALUE

At 30 November 2022

4,591

242

2,149

6,982

At 30 November 2021

2,601

268

2,866

5,735

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.22

30.11.21

£

£

Trade debtors

3,656

-

Prepayments

397

418

4,053

418

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.22

30.11.21

£

£

Corporation tax

4,264

4,690

Directors' current accounts

5,116

7,064

Accrued expenses

600

599

9,980

12,353

8.	ULTIMATE CONTROLLING PARTY

The controlling party is P Campion.

At the balance sheet date the company owed the director £5,116 (2021 - £7,064).