REGISTERED NUMBER: 04175860

Unaudited Financial Statements for the Year Ended 31 December 2017

for

PAUL A YOUNG FINE CHOCOLATES LTD.

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Directors:

Mr Paul Young

Mr James Cronin

Registered office:

12 Dukes Road

London

WC1H 9AD

Registered number:

04175860

Accountants:

Haines Watts (Westbury) LLP

145-157 St John Street

Clerkenwell

London

EC1V 4PY

Fixed assets

Tangible assets

4

7,608

12,332

Current assets

Stocks

46,400

26,700

Debtors

5

97,470

108,490

Cash at bank and in hand

647,314

546,055

791,184

681,245

Creditors

Amounts falling due within one year

6

264,535

248,916

Net current assets

526,649

432,329

Total assets less current liabilities

534,257

444,661

Capital and reserves

Called up share capital

7

2

2

Retained earnings

534,255

444,659

Shareholders' funds

534,257

444,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors on 28 September 2018 and were signed on its behalf by:

Mr James Cronin - Director

1.	Statutory information

Paul A Young Fine Chocolates Ltd. is a private company, limited by shares , registered in Not specified/Other.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 26 (2016 - 26 ) .

4.	Tangible fixed assets

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost

At 1 January 2017

147,132

89,257

236,389

Additions

7,465

-

7,465

At 31 December 2017

154,597

89,257

243,854

Depreciation

At 1 January 2017

137,343

86,714

224,057

Charge for year

10,088

2,101

12,189

At 31 December 2017

147,431

88,815

236,246

Net book value

At 31 December 2017

7,166

442

7,608

At 31 December 2016

9,789

2,543

12,332

5.

Debtors: amounts falling due within one year

2017

2016

£

£

Trade debtors

29,223

25,743

Other debtors

68,247

82,747

97,470

108,490

6.

Creditors: amounts falling due within one year

2017

2016

£

£

Trade creditors

14,443

16,096

Taxation and social security

144,633

131,393

Other creditors

105,459

101,427

264,535

248,916

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

1

Ordinary Share

£1

1

1

1

Ordinary Share

£1

1

1

2

2