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REGISTERED NUMBER: 12364042 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Padfix Group Limited

Padfix Group Limited (Registered number: 12364042)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Padfix Group Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: Mr S A Harada
Mr J J Welburn



REGISTERED OFFICE: Unit 7
Boulevard Factory Estate
Hull
East Yorkshire
HU3 4AY



REGISTERED NUMBER: 12364042 (England and Wales)



ACCOUNTANTS: Power Accounting Solutions Limited
1 The Old Foundry
Cowgate
Welton
East Yorkshire
HU15 1NB



BANKERS: HSBC UK Bank
3-4 Jameson Street
Hull
East Yorkshire
HU1 3JX

Padfix Group Limited (Registered number: 12364042)

Abridged Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,432 19,149

CURRENT ASSETS
Debtors 24,951 18,390
Cash at bank 34,307 52,987
59,258 71,377
CREDITORS
Amounts falling due within one year 45,779 28,443
NET CURRENT ASSETS 13,479 42,934
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,911

62,083

CREDITORS
Amounts falling due after more than
one year

7,583

40,630
NET ASSETS 21,328 21,453

CAPITAL AND RESERVES
Called up share capital 5 4 3
Retained earnings 21,324 21,450
SHAREHOLDERS' FUNDS 21,328 21,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

Padfix Group Limited (Registered number: 12364042)

Abridged Balance Sheet - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 8 September 2022 and were signed on its behalf by:





Mr S A Harada - Director


Padfix Group Limited (Registered number: 12364042)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Padfix Group 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.
Motor vehicles - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

Padfix Group Limited (Registered number: 12364042)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2021 21,833
Additions 2,200
At 31 December 2021 24,033
DEPRECIATION
At 1 January 2021 2,684
Charge for year 5,917
At 31 December 2021 8,601
NET BOOK VALUE
At 31 December 2021 15,432
At 31 December 2020 19,149

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
4 Ordinary £1 4 3

1 Ordinary share of £1 was issued during the year for cash of £ 1 .

6. ULTIMATE CONTROLLING PARTY

In the opinion of the directors there is no ultimate controlling party.