Paul Alexander Sales Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08874927 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

PAUL ALEXANDER SALES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr P Aristidou

Mr A A Liveras

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

08874927 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

10,543

14,058

CURRENT ASSETS

Debtors

5

-

90

Cash at bank and in hand

133

4,733

133

4,823

CREDITORS

Amounts falling due within one year

6

81,083

84,937

NET CURRENT LIABILITIES

(80,950

)

(80,114

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(70,407

)

(66,056

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(70,507

)

(66,156

)

SHAREHOLDERS' FUNDS

(70,407

)

(66,056

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 30 November 2018 and were signed on its behalf by:

Mr P Aristidou - Director

1.	STATUTORY INFORMATION

Paul Alexander Sales 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts derived from the provision of services to landlords and customers during the year,

and is recognised at the date the service was provided. This is stated after trade discounts, other sales taxes and

net of VAT.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 March 2017

and 28 February 2018

21,480

3,512

24,992

DEPRECIATION

At 1 March 2017

9,397

1,537

10,934

Charge for year

3,021

494

3,515

At 28 February 2018

12,418

2,031

14,449

NET BOOK VALUE

At 28 February 2018

9,062

1,481

10,543

At 28 February 2017

12,083

1,975

14,058

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

£

VAT

-

90

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

£

Trade creditors

426

-

Amounts due to related party

28,189

27,709

Directors' current accounts

52,168

56,228

Accrued expenses

300

1,000

81,083

84,937