Pavhurst Associates Ltd,Ltd - AccountsLtd - Accounts

Pavhurst Associates Ltd,Ltd - AccountsLtd - Accounts


2018-01-01078775462018-12-31078775462018-01-012018-12-31078775462017-12-31078775462017-01-012017-12-3107877546uk-core:WithinOneYear2017-12-3107877546uk-core:WithinOneYear2018-12-3107877546uk-core:ShareCapital2018-12-3107877546uk-core:ShareCapital2017-12-3107877546uk-core:RetainedEarningsAccumulatedLosses2018-12-3107877546uk-core:RetainedEarningsAccumulatedLosses2017-12-3107877546uk-bus:Director12018-01-012018-12-3107877546uk-bus:Director22018-01-012018-12-3107877546uk-core:ToolsEquipment2018-01-012018-12-31iso4217:GBPxbrli:pure07877546uk-bus:AuditExemptWithAccountantsReport2018-01-012018-12-3107877546uk-bus:FRS1022018-01-012018-12-3107877546uk-bus:FullAccounts2018-01-012018-12-3107877546uk-bus:PrivateLimitedCompanyLtd2018-01-012018-12-31
Pavhurst Associates Ltd
Registered Number:07877546
For the year ended 31 December 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2018
Pavhurst Associates Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 December 2018
Pavhurst Associates Ltd
Statement of Financial Position
Registered Number :
07877546
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
3,188
3,751
2
3,188
3,751
Current assets
Trade and other receivables
82,221
29,621
3
152,187
Cash and cash equivalents
48,210
77,831
234,408
Trade and other payables: amounts falling due within one
year
(47,093)
(26,475)
4
187,315
51,356
Net current assets
Total assets less current liabilities
54,544
191,066
(606)
(712)
Provisions for liabilities
53,938
Net assets
190,354
Capital and reserves
Called up share capital
1
1
Retained earnings
53,937
190,353
53,938
190,354
Shareholders' funds
For the year ended 31 December 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr BRETT JOVAN PAVLOVIC Director
Mr WILLIAM ROBERT HURST Director
These financial statements were approved and authorised for issue by the Board on 09 August 2019 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2018
Pavhurst Associates Ltd
Notes to the Financial Statements
Statutory Information
Pavhurst Associates Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07877546.
Registered address:
127 The Park
Market Bosworth
Nuneaton
CV13 0LP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
15% Reducing balance
Computer equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Property, plant and equipment
Computer
equipment
£
Cost or
valuation
At 01 January 2018
5,900
At 31 December 2018
5,900
Provision for depreciation and impairment
At 01 January 2018
2,149
Charge for year
563
At 31 December 2018
2,712
At 31 December 2018
Net book value
3,188
At 31 December 2017
3,751
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5
For the year ended 31 December 2018
Pavhurst Associates Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2017
2018
£
£
Trade debtors
27,728
82,221
Taxation and social security
1,893
-
82,221
29,621
4. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Trade creditors
723
734
Taxation and social security
15,089
39,712
Accruals and deferred income
2,430
1,350
Directors' loan accounts
8,233
5,297
26,475
47,093
5. Related party transactions
The ultimate controlling parties were Mr. B. J. P. Pavlovic and Mr. W. Hurst directors and shareholders of the
company.
6. Average number of persons employed
During the year the average number of employees was 2 (2017 : 2)
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