Company Registration No. 7567453 (England and Wales)
PASINET LIMITED
Unaudited accounts
for the year ended 31 March 2023
PASINET LIMITED
Unaudited accounts
Contents
PASINET LIMITED
Company Information
for the year ended 31 March 2023
Director
Giovanni Luca Pasi
Company Number
7567453 (England and Wales)
Registered Office
FLAT 13, 41-42 KEW BRIDGE ROAD
BRENTFORD
TW8 0RF
ENGLAND
Accountants
Not Just Bookkeeping Ltd
PASINET LIMITED
Statement of financial position
as at 31 March 2023
Intangible assets
10,227
-
Tangible assets
44,704
42,028
Cash at bank and in hand
11,473
7,928
Creditors: amounts falling due within one year
(11,832)
(12,005)
Net current assets
31,793
51,489
Total assets less current liabilities
86,724
93,517
Creditors: amounts falling due after more than one year
(1,599)
(9,786)
Called up share capital
1
1
Profit and loss account
85,124
83,730
Shareholders' funds
85,125
83,731
For the year ending 31 March 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 9 October 2023 and were signed on its behalf by
Giovanni Luca Pasi
Director
Company Registration No. 7567453
PASINET LIMITED
Notes to the Accounts
for the year ended 31 March 2023
PASINET LIMITED is a private company, limited by shares, registered in England and Wales, registration number 7567453. The registered office is FLAT 13, 41-42 KEW BRIDGE ROAD, BRENTFORD, TW8 0RF, ENGLAND.
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 as modified by the revaluation of certain fixed assets.
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 the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
15% Reducing Balance
4
Intangible fixed assets
Goodwill
PASINET LIMITED
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
78,005
-
10,784
88,789
Additions
10,272
293
-
10,565
At 31 March 2023
88,277
293
10,784
99,354
At 1 April 2022
37,851
-
8,910
46,761
Charge for the year
7,564
44
281
7,889
At 31 March 2023
45,415
44
9,191
54,650
At 31 March 2023
42,862
249
1,593
44,704
At 31 March 2022
40,154
-
1,874
42,028
Amounts falling due within one year
Trade debtors
28,965
23,786
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
6,751
10,198
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
1,599
9,786
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).