PACER LEISURE VEHICLES INTERNATIONAL LIMITED

Company Registration Number:
04060952 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2021

Period of accounts

Start date: 01 December 2020

End date: 30 November 2021

PACER LEISURE VEHICLES INTERNATIONAL LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2021

Balance sheet
Notes

PACER LEISURE VEHICLES INTERNATIONAL LIMITED

Balance sheet

As at 30 November 2021


Notes

2021

2020


£

£
Fixed assets
Intangible assets: 3 1,445 1,665
Tangible assets: 4 2,903 3,198
Total fixed assets: 4,348 4,863
Current assets
Stocks: 65,000 65,000
Debtors:   91,831 91,103
Total current assets: 156,831 156,103
Creditors: amounts falling due within one year: 5 (284,296) (250,311)
Net current assets (liabilities): (127,465) (94,208)
Total assets less current liabilities: (123,117) (89,345)
Total net assets (liabilities): (123,117) (89,345)
Capital and reserves
Called up share capital: 3 3
Profit and loss account: (123,120) (89,348)
Shareholders funds: (123,117) (89,345)

The notes form part of these financial statements

PACER LEISURE VEHICLES INTERNATIONAL LIMITED

Balance sheet statements

For the year ending 30 November 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 June 2022
and signed on behalf of the board by:

Name: P J Hazlewood
Status: Director

The notes form part of these financial statements

PACER LEISURE VEHICLES INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:Plant & machinery 15% written down value

Intangible fixed assets and amortisation policy

Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.

Other accounting policies

Going concernAt the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continues to adopt the going concern basis of accounting in preparing the financial statements.

PACER LEISURE VEHICLES INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

2. Employees

2021 2020
Average number of employees during the period 3 3

PACER LEISURE VEHICLES INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

3. Intangible Assets

Total
Cost £
At 01 December 2020 16,759
At 30 November 2021 16,759
Amortisation
At 01 December 2020 15,094
Charge for year 220
At 30 November 2021 15,314
Net book value
At 30 November 2021 1,445
At 30 November 2020 1,665

PACER LEISURE VEHICLES INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

4. Tangible Assets

Total
Cost £
At 01 December 2020 52,520
Additions 217
At 30 November 2021 52,737
Depreciation
At 01 December 2020 49,322
Charge for year 512
At 30 November 2021 49,834
Net book value
At 30 November 2021 2,903
At 30 November 2020 3,198

PACER LEISURE VEHICLES INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

5. Creditors: amounts falling due within one year note

2021 2020Bank loans and overdrafts 204,642 207,850Trade creditors 14,943 10,874Taxes and social security 30,968 26,004Other creditors 33,243 5,083Accruals 500 500Total 284,296 250,311