PAUL DAY & ASSOCIATES LIMITED

PAUL DAY & ASSOCIATES LIMITED - Company Information

2021-04-012022-03-312022-03-31false04550269PAUL DAY & ASSOCIATES LIMITED2022-12-2168310iso4217:GBPxbrli:pure045502692021-04-01045502692022-03-31045502692021-04-012022-03-31045502692020-04-01045502692021-03-31045502692020-04-012021-03-3104550269bus:SmallEntities2021-04-012022-03-3104550269bus:AuditExempt-NoAccountantsReport2021-04-012022-03-3104550269bus:FullAccounts2021-04-012022-03-3104550269bus:PrivateLimitedCompanyLtd2021-04-012022-03-3104550269core:WithinOneYear2022-03-3104550269core:AfterOneYear2022-03-3104550269core:WithinOneYear2021-03-3104550269core:AfterOneYear2021-03-3104550269core:ShareCapital2022-03-3104550269core:SharePremium2022-03-3104550269core:RevaluationReserve2022-03-3104550269core:OtherReservesSubtotal2022-03-3104550269core:RetainedEarningsAccumulatedLosses2022-03-3104550269core:ShareCapital2021-03-3104550269core:SharePremium2021-03-3104550269core:RevaluationReserve2021-03-3104550269core:OtherReservesSubtotal2021-03-3104550269core:RetainedEarningsAccumulatedLosses2021-03-3104550269core:LandBuildings2022-03-3104550269core:PlantMachinery2022-03-3104550269core:Vehicles2022-03-3104550269core:FurnitureFittings2022-03-3104550269core:OfficeEquipment2022-03-3104550269core:NetGoodwill2022-03-3104550269core:IntangibleAssetsOtherThanGoodwill2022-03-3104550269core:ListedExchangeTraded2022-03-3104550269core:UnlistedNon-exchangeTraded2022-03-3104550269core:LandBuildings2021-03-3104550269core:PlantMachinery2021-03-3104550269core:Vehicles2021-03-3104550269core:FurnitureFittings2021-03-3104550269core:OfficeEquipment2021-03-3104550269core:NetGoodwill2021-03-3104550269core:IntangibleAssetsOtherThanGoodwill2021-03-3104550269core:ListedExchangeTraded2021-03-3104550269core:UnlistedNon-exchangeTraded2021-03-3104550269core:LandBuildings2021-04-012022-03-3104550269core:PlantMachinery2021-04-012022-03-3104550269core:Vehicles2021-04-012022-03-3104550269core:FurnitureFittings2021-04-012022-03-3104550269core:OfficeEquipment2021-04-012022-03-3104550269core:NetGoodwill2021-04-012022-03-3104550269core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3104550269core:ListedExchangeTraded2021-04-012022-03-3104550269core:UnlistedNon-exchangeTraded2021-04-012022-03-3104550269core:MoreThanFiveYears2021-04-012022-03-3104550269core:Non-currentFinancialInstruments2022-03-3104550269core:Non-currentFinancialInstruments2021-03-3104550269dpl:CostSales2021-04-012022-03-3104550269dpl:DistributionCosts2021-04-012022-03-3104550269dpl:AdministrativeExpenses2021-04-012022-03-3104550269core:LandBuildings2021-04-012022-03-3104550269core:PlantMachinery2021-04-012022-03-3104550269core:Vehicles2021-04-012022-03-3104550269core:FurnitureFittings2021-04-012022-03-3104550269core:OfficeEquipment2021-04-012022-03-3104550269core:NetGoodwill2021-04-012022-03-3104550269core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3104550269dpl:GroupUndertakings2021-04-012022-03-3104550269dpl:ParticipatingInterests2021-04-012022-03-3104550269dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3104550269core:ListedExchangeTraded2021-04-012022-03-3104550269dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3104550269core:UnlistedNon-exchangeTraded2021-04-012022-03-3104550269dpl:CostSales2020-04-012021-03-3104550269dpl:DistributionCosts2020-04-012021-03-3104550269dpl:AdministrativeExpenses2020-04-012021-03-3104550269core:LandBuildings2020-04-012021-03-3104550269core:PlantMachinery2020-04-012021-03-3104550269core:Vehicles2020-04-012021-03-3104550269core:FurnitureFittings2020-04-012021-03-3104550269core:OfficeEquipment2020-04-012021-03-3104550269core:NetGoodwill2020-04-012021-03-3104550269core:IntangibleAssetsOtherThanGoodwill2020-04-012021-03-3104550269dpl:GroupUndertakings2020-04-012021-03-3104550269dpl:ParticipatingInterests2020-04-012021-03-3104550269dpl:GroupUndertakingscore:ListedExchangeTraded2020-04-012021-03-3104550269core:ListedExchangeTraded2020-04-012021-03-3104550269dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-04-012021-03-3104550269core:UnlistedNon-exchangeTraded2020-04-012021-03-3104550269core:NetGoodwill2022-03-3104550269core:IntangibleAssetsOtherThanGoodwill2022-03-3104550269core:LandBuildings2022-03-3104550269core:PlantMachinery2022-03-3104550269core:Vehicles2022-03-3104550269core:FurnitureFittings2022-03-3104550269core:OfficeEquipment2022-03-3104550269core:AfterOneYear2022-03-3104550269core:WithinOneYear2022-03-3104550269core:ListedExchangeTraded2022-03-3104550269core:UnlistedNon-exchangeTraded2022-03-3104550269core:ShareCapital2022-03-3104550269core:SharePremium2022-03-3104550269core:RevaluationReserve2022-03-3104550269core:OtherReservesSubtotal2022-03-3104550269core:RetainedEarningsAccumulatedLosses2022-03-3104550269core:NetGoodwill2021-03-3104550269core:IntangibleAssetsOtherThanGoodwill2021-03-3104550269core:LandBuildings2021-03-3104550269core:PlantMachinery2021-03-3104550269core:Vehicles2021-03-3104550269core:FurnitureFittings2021-03-3104550269core:OfficeEquipment2021-03-3104550269core:AfterOneYear2021-03-3104550269core:WithinOneYear2021-03-3104550269core:Liste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Registered Number
04550269
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2022

PAUL DAY & ASSOCIATES LIMITED

Company Information
for the year from 1 April 2021 to 31 March 2022


Directors	DAY, Paul Andrew Dominic


Registered Address	Third Floor
	10 South Parade
	Leeds
	LS1 5QS


Registered Number	04550269 (England and Wales)

PAUL DAY & ASSOCIATES LIMITED

Statement of Financial Position
31 March 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	5		-		8
			-		8
Current assets
Debtors	7	824		604
Cash at bank and on hand		1,074		2,773
		1,898		3,377
Creditors amounts falling due within one year	8	(17,210)		(14,865)
Net current assets (liabilities)			(15,312)		(11,488)
Total assets less current liabilities			(15,312)		(11,480)
Net assets			(15,312)		(11,480)
Capital and reserves
Called up share capital			99		99
Profit and loss account			(15,411)		(11,579)
Shareholders' funds			(15,312)		(11,480)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Director on 21 December 2022, and are signed on its behalf by:

DAY, Paul Andrew Dominic
Director
Registered Company No. 04550269

PAUL DAY & ASSOCIATES LIMITED

Notes to the Financial Statements
for the year ended 31 March 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Basis of measurement used in financial statements
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

3.	Accounting policies

	Functional and presentation currency policy
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Property, plant and equipment policy

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	-	33
Fixtures and fittings	20	-

	Government grants and other government assistance policy
	Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.

Government grants and other government assistance policy

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. 

Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.

	Valuation of financial instruments policy
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

4.	Employee information


		2022		2021
	Average number of employees during the year	1		1

5.	Property, plant and equipment

	Plant & machinery	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 01 April 21	4,843	496	5,339
At 31 March 22	4,843	496	5,339
Depreciation and impairment
At 01 April 21	4,835	496	5,331
Charge for year	8	-	8
At 31 March 22	4,843	496	5,339
Net book value
At 31 March 22	-	-	-
At 31 March 21	8	-	8

6.	Provisions for impairment of tangible assets
	At each reporting end date, the company review the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. Changes in fair value of derivatives that are designated and qualify as fair value hedges are recognized in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

Provisions for impairment of tangible assets

At each reporting end date,  the company review the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

Changes in fair value of derivatives that are designated and qualify as fair value hedges are recognized in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

7.	Debtors

	2022	2021
	£	£
Other debtors	824	604
Total	824	604


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors within one year

	2022	2021
	£	£
Other creditors	41	41
Accrued liabilities and deferred income	17,169	14,824
Total	17,210	14,865


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.