Paul Campion Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08289830 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2018

for

Paul Campion Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Campion

REGISTERED OFFICE:

c/o ABC Accounting Services

Grange Road

Corringham Rd. Ind. Est

Gainsborough

Lincolnshire

DN21 1QB

REGISTERED NUMBER:

08289830 (England and Wales)

ACCOUNTANTS:

ABC Accounting Services

Flexadux House

Grange Road

Corringham Rd. Ind. Est.

Gainsborough

Lincolnshire

DN21 1QB

FIXED ASSETS

Intangible assets

4

4,000

5,000

Tangible assets

5

7,278

9,605

11,278

14,605

CURRENT ASSETS

Debtors

6

483

746

Cash at bank

24,122

21,343

24,605

22,089

CREDITORS

Amounts falling due within one year

7

24,360

26,815

NET CURRENT ASSETS/(LIABILITIES)

245

(4,726

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,523

9,879

CREDITORS

Amounts falling due after more than one year

8

(1,866

)

(5,401

)

PROVISIONS FOR LIABILITIES

(1,383

)

(1,825

)

NET ASSETS

8,274

2,653

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

8,273

2,652

SHAREHOLDERS' FUNDS

8,274

2,653

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 10 December 2018 and were signed by:

P Campion - Director

1.	STATUTORY INFORMATION

Paul Campion 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 sales of goods and services. The company is not registered for value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2017

and 30 November 2018

10,000

AMORTISATION

At 1 December 2017

5,000

Amortisation for year

1,000

At 30 November 2018

6,000

NET BOOK VALUE

At 30 November 2018

4,000

At 30 November 2017

5,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 December 2017

and 30 November 2018

350

590

16,103

17,043

DEPRECIATION

At 1 December 2017

212

181

7,045

7,438

Charge for year

21

41

2,265

2,327

At 30 November 2018

233

222

9,310

9,765

NET BOOK VALUE

At 30 November 2018

117

368

6,793

7,278

At 30 November 2017

138

409

9,058

9,605

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 December 2017

and 30 November 2018

16,103

DEPRECIATION

At 1 December 2017

3,019

Charge for year

2,265

At 30 November 2018

5,284

NET BOOK VALUE

At 30 November 2018

10,819

At 30 November 2017

13,084

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Prepayments

483

746

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Hire purchase contracts

3,535

3,276

Corporation tax

3,872

2,983

Directors' current accounts

16,355

19,957

Accrued expenses

598

599

24,360

26,815

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.18

30.11.17

£

£

Hire purchase contracts

1,866

5,401

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.18

30.11.17

£

£

Hire purchase contracts

5,401

8,677

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £8,000 (2017 - £7,900) were paid to the director .

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by the director. At the balance sheet date the company owed the director £16,355

(2017 - £19,957).