Company Registration No. 06270571 (England and Wales)
Paddico (284) Limited
Unaudited
Financial Statements
for the year ended 30 September 2020
PAGES FOR FILING WITH REGISTRAR
Paddico (284) Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Paddico (284) Limited
Statement Of Financial Position
as at 30 September 2020
- 1 -
2020
2019
Notes
£
£
£
£
Current assets
Debtors
3
56
-
Cash at bank and in hand
102
102
158
102
Creditors: amounts falling due within one year
4
(143)
(95)
Net current assets
15
7
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
13
5
Total equity
15
7
The director of the company has elected not to include a copy of the income statement within the financial statements.
true
For the financial year ended 30 September 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 4 January 2021
Mr C A Pallister
Director
Company Registration No. 06270571
PADDICO (284) LIMITED
Paddico (284) Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business
.
Turnover is recognised on supply of services to the customer.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2020
2019
Number
Number
Total
1
-
3
Debtors
2020
2019
Amounts falling due within one year:
£
£
Other debtors
56
-
4
Creditors: amounts falling due within one year
2020
2019
£
£
Corporation tax
143
95
PADDICO (284) LIMITED
Paddico (284) Limited
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 30 SEPTEMBER 2020
- 3 -
5
Company information
Paddico (284) Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
67 Templegate Road, Leeds, West Yorkshire, LS15 0HF.