Paveprime Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 02374216 (England and Wales)

Financial Statements for the Year Ended 30 April 2023

for

Paveprime Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S D Stead

Mrs C Stead

SECRETARY:

Mrs C Stead

REGISTERED OFFICE:

35 Downs Court Road

Purley

Surrey

CR8 1BF

REGISTERED NUMBER:

02374216 (England and Wales)

ACCOUNTANTS:

Uppal & Warr

Chartered Accountants

452 Manchester Road

Heaton Chapel

Stockport

SK4 5DL

CURRENT ASSETS

Stocks

26,041

25,970

Debtors

4

2,251

21,096

Cash at bank

14,063

7,926

42,355

54,992

CREDITORS

Amounts falling due within one year

5

40,777

7,065

NET CURRENT ASSETS

1,578

47,927

TOTAL ASSETS LESS CURRENT LIABILITIES

1,578

47,927

CREDITORS

Amounts falling due after more than one year

6

-

36,750

NET ASSETS

1,578

11,177

CAPITAL AND RESERVES

Called up share capital

7

500

500

Retained earnings

8

1,078

10,677

SHAREHOLDERS' FUNDS

1,578

11,177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 November 2023 and were signed on its behalf by:

S D Stead - Director

1.	STATUTORY INFORMATION

Paveprime 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Directors' current accounts

-

21,096

Taxation

2,251

-

2,251

21,096

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Tax

-

5,790

Social security and other taxes

157

-

VAT

290

-

Directors' current accounts

39,055

-

Accrued expenses

1,275

1,275

40,777

7,065

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.23

30.4.22

£

£

Bank loans

-

36,750

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.23

30.4.22

value:

£

£

100

Ordinary

£1

100

100

100

B Shares

£1

100

100

100

C Shares

£1

100

100

100

D Shares

£1

100

100

100

E Shares

£1

100

100

500

500

8.

RESERVES

Retained

earnings

£

At 1 May 2022

10,677

Deficit for the year

(9,599

)

At 30 April 2023

1,078