Company Registration No. 08180998 (England and Wales)
Passinc Ltd
Unaudited accounts
for the year ended 31 August 2023
Passinc Ltd
Company Information
for the year ended 31 August 2023
Company Number
08180998 (England and Wales)
Registered Office
63 Hatton Garden
5th Floor, Suite 23
London
EC1N 8LE
Accountants
DDA Accountancy Limited
Debbie Tuesley Bsc (Hon) FCA
54 Valebridge Road
Burgess Hill
West Sussex
RH15 0QY
Passinc Ltd
Statement of financial position
as at 31 August 2023
Cash at bank and in hand
988,078
749,761
Creditors: amounts falling due within one year
(324,338)
(288,046)
Net current assets
728,248
496,062
Total assets less current liabilities
728,402
496,062
Provisions for liabilities
Net assets
728,363
496,062
Called up share capital
2
2
Profit and loss account
728,361
496,060
Shareholders' funds
728,363
496,062
For the year ending 31 August 2023 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 October 2023 and were signed on its behalf by
Tom Samuels
Director
Company Registration No. 08180998
Passinc Ltd
Notes to the Accounts
for the year ended 31 August 2023
Passinc Ltd is a private company, limited by shares, registered in England and Wales, registration number 08180998. The registered office is 63 Hatton Garden, 5th Floor, Suite 23, London, EC1N 8LE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at a rate of 3 years straight-line, in order to write off the assets over their estimated useful life
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Trade debtors
60,704
31,253
Amounts due from group undertakings etc.
2,967
2,768
Accrued income and prepayments
837
326
Passinc Ltd
Notes to the Accounts
for the year ended 31 August 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
171,537
154,085
Taxes and social security
90,531
79,201
Other creditors
17,186
12,583
Loans from directors
312
161
Passinc Limited is a 100% subsidiary of Starshot Limited
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).