REGISTERED NUMBER:
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PAUL PAYNE BRICKLAYING CONTRACTORS LTD. |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED |
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30 APRIL 2015 |
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REGISTERED NUMBER:
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PAUL PAYNE BRICKLAYING CONTRACTORS LTD. |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED |
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30 APRIL 2015 |
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PAUL PAYNE BRICKLAYING CONTRACTORS LTD. (REGISTERED NUMBER: 03344805) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 APRIL 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 | to | 3 |
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Notes to the Abbreviated Accounts | 4 | to | 5 |
PAUL PAYNE BRICKLAYING CONTRACTORS LTD. |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2015 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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PAUL PAYNE BRICKLAYING CONTRACTORS LTD. (REGISTERED NUMBER: 03344805) |
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ABBREVIATED BALANCE SHEET |
30 APRIL 2015 |
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2015 | 2014 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Debtors: amounts falling due within one year | 664,505 | 482,044 |
Debtors: amounts falling due after more than
one year |
4 |
797,040 |
797,040 |
Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
5 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
PAUL PAYNE BRICKLAYING CONTRACTORS LTD. (REGISTERED NUMBER: 03344805) |
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ABBREVIATED BALANCE SHEET - continued |
30 APRIL 2015 |
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The financial statements were approved by the director on
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PAUL PAYNE BRICKLAYING CONTRACTORS LTD. (REGISTERED NUMBER: 03344805) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 APRIL 2015 |
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1. | ACCOUNTING POLICIES |
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Basis of accounting |
The financial statements have been prepared under the historical cost convention, and in accordance with |
applicable United Kingdom accounting standards. |
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Cash flow statement |
The director has taken advantage of the exemption in Financial Reporting Standard No 1 (Revised 1996) |
from including a cash flow statement in the financial statements on the grounds that the company is small. |
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Turnover |
Turnover represents the value of work done in the year excluding VAT. |
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Goodwill |
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the |
useful economic life of that asset as follows: |
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Goodwill - 2 years |
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Tangible fixed assets |
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Improvements to property | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Deferred tax |
In accordance with Financial Reporting Standard 19 the charge for tax takes into account tax deferred or |
accelerated because of timing differences between the treatment of certain items for accounting and |
taxation purposes. Deferred tax liabilities and recoverable deferred tax assets are recognised in respect of |
timing differences under the liability method. No provision is made for deferred tax liabilities arising in |
respect of timing differences on the revaluation of non-monetary assets such as equity investments and |
properties, unless there is a binding agreement to sell the assets. Deferred tax is calculated on an |
undiscounted basis. |
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Operating lease agreements |
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain |
with the lessor are charged against profits on a straight line basis over the period of the lease. |
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Long term contracts |
Profit on long term contracts is taken as the work is carried out once the final outcome of the project can be |
assessed with reasonable certainty. Provision is made for losses on contracts in the year in which they are |
foreseen. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 May 2014 |
and 30 April 2015 |
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AMORTISATION |
At 1 May 2014 |
and 30 April 2015 |
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NET BOOK VALUE |
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At 30 April 2015 |
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At 30 April 2014 |
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PAUL PAYNE BRICKLAYING CONTRACTORS LTD. (REGISTERED NUMBER: 03344805) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 APRIL 2015 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 May 2014 |
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Additions |
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At 30 April 2015 |
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DEPRECIATION |
At 1 May 2014 |
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Charge for year |
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At 30 April 2015 |
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NET BOOK VALUE |
At 30 April 2015 |
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At 30 April 2014 |
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4. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
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The aggregate total of debtors falling due after more than one year is £ 797,040 (2014 - £ 797,040 ) |
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5. | CREDITORS |
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Creditors include an amount of £
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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7. | ULTIMATE PARENT COMPANY |
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Adam Stringer Holdings Limited is the company's ultimate parent company. |
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8. | TRANSACTIONS WITH THE DIRECTOR |
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At the year end a balance of £157,876 (2014: £157,448) was due to Mr A. Stringer. During the year Mr A. |
Stringer introduced funds of £34,200 and was repaid £33,772. |
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9. | RELATED PARTY DISCLOSURES |
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Throughout the year the company was under the control of Paul Payne Holdings Limited. |
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At the year end, £797,040 (2014: £797,040) was due from the ultimate parent company Adam Stringer |
Holdings Limited. There are no fixed repayment terms, however the company will not seek repayment |
within twelve months from the balance sheet date. |
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Except as disclosed above, no transactions with related parties were undertaken such as are required to be |
disclosed under Financial Reporting Standard 8. |