Paul E Stephens Limited Filleted accounts for Companies House (small and micro)

PAUL E STEPHENS LTD - Company Information

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COMPANY REGISTRATION NUMBER: 02721586

Paul E Stephens Limited

Filleted Unaudited Financial Statements

31 August 2023

Paul E Stephens Limited

Statement of Financial Position

31 August 2023

	2023		2022
	£	£	£	£
Fixed assets		698		1,177
		----		-------

Current assets	8,073		13,574
Prepayments and accrued income	1,564		1,300
	-------		---------
		9,637		14,874

Creditors: amounts falling due within one year	14,115	4,758
	---------	---------
Net Current (Liabilities)/Assets	( 4,478)	10,116
	-------	---------
Total Assets Less Current Liabilities	( 3,780)	11,293
	-------	---------

Capital and reserves	( 3,780)	11,293
	-------	---------

Notes to the Financial Statements

1. Employee Numbers

The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).

2. Directors' Advances, Credits and Guarantees

During the year the directors entered into the following advances and credits with the company:

	2023
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr P E Stephens	( 267)	( 6,391)	( 6,658)
Mrs J D Stephens	( 266)	( 6,392)	( 6,658)
	----	---------	---------
	( 533)	( 12,783)	( 13,316)
	----	---------	---------

	2022
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr P E Stephens	7,305	( 7,572)	( 267)
Mrs J D Stephens	7,306	( 7,572)	( 266)
	---------	---------	----
	14,611	( 15,144)	( 533)
	---------	---------	----

The non-interest bearing loans are repayable on demand.

3. Going Concern

The financial statements have been prepared on a going concern basis which assumes the continued support of the directors.

For the year ending 31st August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

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

These financial statements were approved by the board of directors and authorised for issue on 23 November 2023 , and are signed on behalf of the board by:

Mr P E Stephens

Director

Company registration number: 02721586

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Emstrey House (North), Shrewsbury Business Park, Shrewsbury, Shropshire, SY2 6LG.