PAUL ANTHONY FURNISHINGS LTD

PAUL ANTHONY FURNISHINGS LTD - Company Information

2022-04-012023-03-312023-03-31false02299499PAUL ANTHONY FURNISHINGS LTD2023-12-1847599iso4217:GBPxbrli:pure022994992022-04-01022994992023-03-31022994992022-04-012023-03-31022994992021-04-01022994992022-03-31022994992021-04-012022-03-3102299499bus:SmallEntities2022-04-012023-03-3102299499bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3102299499bus:FullAccounts2022-04-012023-03-3102299499bus:PrivateLimitedCompanyLtd2022-04-012023-03-3102299499core:WithinOneYear2023-03-3102299499core:AfterOneYear2023-03-3102299499core:WithinOneYear2022-03-3102299499core:AfterOneYear2022-03-3102299499core:ShareCapital2023-03-3102299499core:SharePremium2023-03-3102299499core:RevaluationReserve2023-03-3102299499core:OtherReservesSubtotal2023-03-3102299499core:RetainedEarningsAccumulatedLosses2023-03-3102299499core:ShareCapital2022-03-3102299499core:SharePremium2022-03-3102299499core:RevaluationReserve2022-03-3102299499core:OtherReservesSubtotal2022-03-3102299499core:RetainedEarningsAccumulatedLosses2022-03-3102299499core:LandBuildings2023-03-3102299499core:PlantMachinery2023-03-3102299499core:Vehicles2023-03-3102299499core:FurnitureFittings2023-03-3102299499core:OfficeEquipment2023-03-3102299499core:NetGoodwill2023-03-3102299499core:IntangibleAssetsOtherThanGoodwill2023-03-3102299499core:ListedExchangeTraded2023-03-3102299499core:UnlistedNon-exchangeTraded2023-03-3102299499core:LandBuildings2022-03-3102299499core:PlantMachinery2022-03-3102299499core:Vehicles2022-03-3102299499core:FurnitureFittings2022-03-3102299499core:OfficeEquipment2022-03-3102299499core:NetGoodwill2022-03-3102299499core:IntangibleAssetsOtherThanGoodwill2022-03-3102299499core:ListedExchangeTraded2022-03-3102299499core:UnlistedNon-exchangeTraded2022-03-3102299499core:LandBuildings2022-04-012023-03-3102299499core:PlantMachinery2022-04-012023-03-3102299499core:Vehicles2022-04-012023-03-3102299499core:FurnitureFittings2022-04-012023-03-3102299499core:OfficeEquipment2022-04-012023-03-3102299499core:NetGoodwill2022-04-012023-03-3102299499core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3102299499core:ListedExchangeTraded2022-04-012023-03-3102299499core:UnlistedNon-exchangeTraded2022-04-012023-03-3102299499core:MoreThanFiveYears2022-04-012023-03-3102299499core:Non-currentFinancialInstruments2023-03-3102299499core:Non-currentFinancialInstruments2022-03-3102299499dpl:CostSales2022-04-012023-03-3102299499dpl:DistributionCosts2022-04-012023-03-3102299499core:LandBuildings2022-04-012023-03-3102299499core:PlantMachinery2022-04-012023-03-3102299499core:Vehicles2022-04-012023-03-3102299499core:FurnitureFittings2022-04-012023-03-3102299499core:OfficeEquipment2022-04-012023-03-3102299499dpl:AdministrativeExpenses2022-04-012023-03-3102299499core:NetGoodwill2022-04-012023-03-3102299499core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3102299499dpl:GroupUndertakings2022-04-012023-03-3102299499dpl:ParticipatingInterests2022-04-012023-03-3102299499dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3102299499core:ListedExchangeTraded2022-04-012023-03-3102299499dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3102299499core:UnlistedNon-exchangeTraded2022-04-012023-03-3102299499dpl:CostSales2021-04-012022-03-3102299499dpl:DistributionCosts2021-04-012022-03-3102299499core:LandBuildings2021-04-012022-03-3102299499core:PlantMachinery2021-04-012022-03-3102299499core:Vehicles2021-04-012022-03-3102299499core:FurnitureFittings2021-04-012022-03-3102299499core:OfficeEquipment2021-04-012022-03-3102299499dpl:AdministrativeExpenses2021-04-012022-03-3102299499core:NetGoodwill2021-04-012022-03-3102299499core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3102299499dpl:GroupUndertakings2021-04-012022-03-3102299499dpl:ParticipatingInterests2021-04-012022-03-3102299499dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3102299499core:ListedExchangeTraded2021-04-012022-03-3102299499dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3102299499core:UnlistedNon-exchangeTraded2021-04-012022-03-3102299499core:NetGoodwill2023-03-3102299499core:IntangibleAssetsOtherThanGoodwill2023-03-3102299499core:LandBuildings2023-03-3102299499core:PlantMachinery2023-03-3102299499core:Vehicles2023-03-3102299499core:FurnitureFittings2023-03-3102299499core:OfficeEquipment2023-03-3102299499core:AfterOneYear2023-03-3102299499core:WithinOneYear2023-03-3102299499core:ListedExchangeTraded2023-03-3102299499core:UnlistedNon-exchangeTraded2023-03-3102299499core:ShareCapital2023-03-3102299499core:SharePremium2023-03-3102299499core:RevaluationReserve2023-03-3102299499core:OtherReservesSubtotal2023-03-3102299499core:RetainedEarningsAccumulatedLosses2023-03-3102299499core:NetGoodwill2022-03-3102299499core:IntangibleAssetsOtherThanGoodwill2022-03-3102299499core:LandBuildings2022-03-3102299499core:PlantMachinery2022-03-3102299499core:Vehicles2022-03-3102299499core:FurnitureFittings2022-03-3102299499core:OfficeEquipment2022-03-3102299499core:AfterOneYear2022-03-3102299499core:WithinOneYear2022-03-3102299499core:ListedExchangeTraded2022-03-3102299499core:UnlistedNon-exchangeTraded2022-03-3102299499core:ShareCapital2022-03-3102299499core:SharePremium2022-03-3102299499core:RevaluationReserve2022-03-3102299499core:OtherReservesSubtotal2022-03-3102299499core:RetainedEarningsAccumulatedLosses2022-03-3102299499core:NetGoodwill2021-04-0102299499core:IntangibleAssetsOtherThanGoodwill2021-04-0102299499core:LandBuildings2021-04-0102299499core:PlantMachinery2021-04-0102299499core:Vehicles2021-04-0102299499core:FurnitureFittings2021-04-0102299499core:OfficeEquipment2021-04-0102299499core:AfterOneYear2021-04-0102299499core:WithinOneYear2021-04-0102299499core:ListedExchangeTraded2021-04-0102299499core:UnlistedNon-exchangeTraded2021-04-0102299499core:ShareCapital2021-04-0102299499core:SharePremium2021-04-0102299499core:RevaluationReserve2021-04-0102299499core:OtherReservesSubtotal2021-04-0102299499core:RetainedEarningsAccumulatedLosses2021-04-0102299499core:AfterOneYear2022-04-012023-03-3102299499core:WithinOneYear2022-04-012023-03-3102299499core:Non-currentFinancialInstrumentscore:CostValuation2022-04-012023-03-3102299499core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-04-012023-03-3102299499core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-04-012023-03-3102299499core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-04-012023-03-3102299499core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-04-012023-03-3102299499core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-04-012023-03-3102299499core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3102299499core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3102299499core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3102299499core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3102299499core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3102299499core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3102299499core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3102299499core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3102299499core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3102299499core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3102299499core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3102299499core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3102299499core:Non-currentFinancialInstrumentscore:CostValuation2022-03-3102299499core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-03-3102299499core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-03-3102299499core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-03-3102299499core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-03-3102299499core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-03-3102299499core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-03-3102299499core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-03-3102299499core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-03-3102299499bus:Director12022-04-012023-03-3102299499bus:Director22022-04-012023-03-3102299499core:FurnitureFittingsToolsEquipment2022-03-3102299499core:FurnitureFittingsToolsEquipment2022-04-012023-03-3102299499core:FurnitureFittingsToolsEquipment2023-03-31

Registered Number
02299499
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

PAUL ANTHONY FURNISHINGS LTD

Company Information
for the year from 1 April 2022 to 31 March 2023


Directors	GARSIDE, Michael Kevin
	KEIGHER, Anthony


Company Secretary	KEIGHER, Anthony


Registered Address	C/O Redstone Accountancy 253 Monton Road
	Eccles
	Manchester
	M30 9PS


Place of Business	Bridgewater Mill
	Legh Street
	Eccles
	Manchester
	M30 0UT


Registered Number	02299499 (England and Wales)

PAUL ANTHONY FURNISHINGS LTD

Balance Sheet as at
31 March 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	5		42,433		54,362
			42,433		54,362
Current assets
Debtors	6	305,872		408,330
Cash at bank and on hand		14,154		13,160
		320,026		421,490
Creditors amounts falling due within one year	7	(255,542)		(340,741)
Net current assets (liabilities)			64,484		80,749
Total assets less current liabilities			106,917		135,111
Creditors amounts falling due after one year	8		(8,063)		(4,113)
Net assets			98,854		130,998
Capital and reserves
Profit and loss account			98,854		130,998
Shareholders' funds			98,854		130,998

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 Directors acknowledge 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 Board of Directors on 18 December 2023, and are signed on its behalf by:

KEIGHER, Anthony
Director
Registered Company No. 02299499

PAUL ANTHONY FURNISHINGS LTD

Notes to the Financial Statements
for the year ended 31 March 2023

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.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Revenue recognition policy
	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.

Revenue recognition policy

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.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leases policy
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

4.	Employee information


		2023		2022
	Average number of employees during the year	0		0

5.	Property, plant and equipment

	Vehicles	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 01 April 22	76,980	32,094	109,074
Additions	-	856	856
At 31 March 23	76,980	32,950	109,930
Depreciation and impairment
At 01 April 22	31,184	23,528	54,712
Charge for year	11,449	1,336	12,785
At 31 March 23	42,633	24,864	67,497
Net book value
At 31 March 23	34,347	8,086	42,433
At 31 March 22	45,796	8,566	54,362

6.	Debtors

	2023	2022
	£	£
Trade debtors / trade receivables	305,872	378,639
Prepayments and accrued income	-	29,691
Total	305,872	408,330


	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, less any impairment losses for bad and doubtful debts.

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, less any impairment losses for bad and doubtful debts.

7.	Creditors within one year

	2023	2022
	£	£
Trade creditors / trade payables	151,944	144,371
Bank borrowings and overdrafts	40,312	72,943
Taxation and social security	38,635	55,812
Finance lease and HP contracts	7,404	28,868
Other creditors	17,247	38,747
Total	255,542	340,741


	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.

8.	Creditors after one year

	2023	2022
	£	£
Other creditors	8,063	4,113
Total	8,063	4,113

9.	Finance lease and HP contracts after one year

		2023		2022
		£		£
	Finance lease and HP contracts	8,063		4,113