Paul Walton Associates Limited - Accounts to registrar - small 16.1.1

REGISTERED NUMBER: 08605706 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2016

for

Paul Walton Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P Walton

Mrs S P Walton

REGISTERED OFFICE:

316 Blackpool Road

Fulwood

Preston

Lancashire

PR2 3AE

REGISTERED NUMBER:

08605706 (England and Wales)

ACCOUNTANTS:

McDade Roberts Accountants Limited

Chartered Accountants

316 Blackpool Road

Fulwood

Preston

Lancashire

PR2 3AE

FIXED ASSETS

Tangible assets

4

10,988

8,125

CURRENT ASSETS

Debtors: amounts falling due within one year

5

127,856

113,809

Cash at bank and in hand

66,769

100,146

194,625

213,955

CREDITORS

Amounts falling due within one year

6

69,589

97,329

NET CURRENT ASSETS

125,036

116,626

TOTAL ASSETS LESS CURRENT LIABILITIES

136,024

124,751

PROVISIONS FOR LIABILITIES

2,198

1,625

NET ASSETS

133,826

123,126

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

133,626

122,926

SHAREHOLDERS' FUNDS

133,826

123,126

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 21 July 2016 and were signed on its behalf by:

Mr P Walton - Director

1.	STATUTORY INFORMATION

Paul Walton Associates 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 invoiced sales of services.

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

-

20% on cost

Computer equipment

-

33% on cost

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 May 2015

3,102

11,169

14,271

Additions

3,324

5,638

8,962

At 30 April 2016

6,426

16,807

23,233

DEPRECIATION

At 1 May 2015

821

5,325

6,146

Charge for year

1,285

4,814

6,099

At 30 April 2016

2,106

10,139

12,245

NET BOOK VALUE

At 30 April 2016

4,320

6,668

10,988

At 30 April 2015

2,281

5,844

8,125

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.16

30.4.15

£

£

Trade debtors

127,759

113,694

Other debtors

97

115

127,856

113,809

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.16

30.4.15

£

£

Taxation and social security

55,524

70,793

Other creditors

14,065

26,536

69,589

97,329

7.	RELATED PARTY DISCLOSURES

Mr P Walton

Dividends of £50,950 were paid to Mr P Walton in the year.

Mrs S Walton

Dividends of £49,570 were paid to Mrs S Walton in the year.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr P Walton.