Pavilion Web Limited 07501093 false 2022-02-01 2023-01-31 2023-01-31 The principal activity of the company is website development and maintenance Digita Accounts Production Advanced 6.30.9574.0 true 07501093 2022-02-01 2023-01-31 07501093 2023-01-31 07501093 core:RetainedEarningsAccumulatedLosses 2023-01-31 07501093 core:ShareCapital 2023-01-31 07501093 core:CurrentFinancialInstruments 2023-01-31 07501093 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 07501093 core:Non-currentFinancialInstruments 2023-01-31 07501093 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 07501093 core:FurnitureFittingsToolsEquipment 2023-01-31 07501093 core:OtherPropertyPlantEquipment 2023-01-31 07501093 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-01-31 07501093 bus:SmallEntities 2022-02-01 2023-01-31 07501093 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 07501093 bus:FullAccounts 2022-02-01 2023-01-31 07501093 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 07501093 bus:RegisteredOffice 2022-02-01 2023-01-31 07501093 bus:Director1 2022-02-01 2023-01-31 07501093 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 07501093 core:ComputerEquipment 2022-02-01 2023-01-31 07501093 core:FurnitureFittings 2022-02-01 2023-01-31 07501093 core:FurnitureFittingsToolsEquipment 2022-02-01 2023-01-31 07501093 core:OtherPropertyPlantEquipment 2022-02-01 2023-01-31 07501093 core:PlantMachinery 2022-02-01 2023-01-31 07501093 core:KeyManagementPersonnel 2022-02-01 2023-01-31 07501093 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-02-01 2023-01-31 07501093 countries:EnglandWales 2022-02-01 2023-01-31 07501093 2022-01-31 07501093 core:FurnitureFittingsToolsEquipment 2022-01-31 07501093 core:OtherPropertyPlantEquipment 2022-01-31 07501093 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-01-31 07501093 2021-02-01 2022-01-31 07501093 2022-01-31 07501093 core:RetainedEarningsAccumulatedLosses 2022-01-31 07501093 core:ShareCapital 2022-01-31 07501093 core:CurrentFinancialInstruments core:WithinOneYear 2022-01-31 07501093 core:Non-currentFinancialInstruments 2022-01-31 07501093 core:Non-currentFinancialInstruments core:AfterOneYear 2022-01-31 07501093 core:FurnitureFittingsToolsEquipment 2022-01-31 07501093 core:OtherPropertyPlantEquipment 2022-01-31 07501093 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-01-31 07501093 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-02-01 2022-01-31 07501093 2021-01-31 07501093 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-01-31 iso4217:GBP xbrli:pure

Registration number: 07501093

Pavilion Web Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2023

image-name
 

Pavilion Web Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Pavilion Web Limited

Company Information

Director

C Diplock

Registered office

Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF

Accountants

Lucraft Hodgson & Dawes LLP
Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF

 

Pavilion Web Limited

(Registration number: 07501093)
Balance Sheet as at 31 January 2023

Note

2023
 £

2022
 £

Fixed Assets

 

Tangible Assets

4

1,975

2,632

Current assets

 

Debtors

5

32,076

22,063

Cash at bank and in hand

 

14,282

16,775

 

46,358

38,838

Creditors: Amounts falling due within one year

6

(22,431)

(14,322)

Net current assets

 

23,927

24,516

Total assets less current liabilities

 

25,902

27,148

Creditors: Amounts falling due after more than one year

6

(11,746)

(21,688)

Provisions for liabilities

(375)

(500)

Net assets

 

13,781

4,960

Capital and Reserves

 

Called up share capital

100

100

Profit and loss account

13,681

4,860

Total equity

 

13,781

4,960

For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 October 2023
 

 

Pavilion Web Limited

(Registration number: 07501093)
Balance Sheet as at 31 January 2023

.........................................
C Diplock
Director

   
     
 

Pavilion Web Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF
United Kingdom

These financial statements were authorised for issue by the director on 13 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling, which is the functional currency of the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Pavilion Web Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

A deferred tax asset is only recognised when it is more likely than not that the asset will be recoverable in the foreseeable future out of suitable taxable profits from which the underlying timing differences can be deducted.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

25% Reducing balance

Fixtures and fittings

25% Reducing balance

Computer equipment

25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Pavilion Web Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Pavilion Web Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, analysed by category was as follows:

2023
 No.

2022
 No.

Administration and support

1

1

1

1

 

Pavilion Web Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Other property, plant and equipment
 £

Total
£

Cost or valuation

At 1 February 2022

8,447

4,420

12,867

At 31 January 2023

8,447

4,420

12,867

Depreciation

At 1 February 2022

6,184

4,051

10,235

Charge for the year

565

92

657

At 31 January 2023

6,749

4,143

10,892

Carrying amount

At 31 January 2023

1,698

277

1,975

At 31 January 2022

2,263

369

2,632

5

Debtors

Current

2023
£

2022
£

Trade Debtors

16,219

4,056

Other debtors

15,857

18,007

 

32,076

22,063

 

Pavilion Web Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
 £

2022
 £

Due within one year

 

Loans and borrowings

7

5,000

-

Social security and other taxes

 

6,189

5,327

Accrued expenses

 

1,000

1,000

Corporation tax liability

10,242

7,995

 

22,431

14,322

Due after one year

 

Loans and borrowings

7

11,746

21,688

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

11,746

21,688

7

Loans and borrowings

2023
 £

2022
 £

Non-current loans and borrowings

Bank borrowings

11,746

21,688

2023
 £

Current loans and borrowings

Bank borrowings

5,000

 

Pavilion Web Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

8

Related party transactions

Transactions with directors

Other transactions with directors

Loans to related parties

2023

Key management
£

At start of period

18,007

Advanced

15,858

Repaid

(18,007)

At end of period

15,858

2022

Key management
£

Total
£

At start of period

23,746

23,746

Advanced

18,007

18,007

Repaid

(23,746)

(23,746)

At end of period

18,007

18,007

Terms of loans to related parties

During the year the company provided the director with a loan which was unsecured and repayable on demand. Interest at official rate was charged on the average balance.