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Company Registration No. 7567453 (England and Wales)
PASINET LIMITED Unaudited accounts for the year ended 31 March 2023
PASINET LIMITED Unaudited accounts Contents
Page
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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
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PASINET LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
10,227 
- 
Tangible assets
44,704 
42,028 
54,931 
42,028 
Current assets
Debtors
32,152 
55,566 
Cash at bank and in hand
11,473 
7,928 
43,625 
63,494 
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)
Net assets
85,125 
83,731 
Capital and reserves
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
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PASINET LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
£ 
Cost
At 1 April 2022
- 
Additions
10,227 
At 31 March 2023
10,227 
Amortisation
At 1 April 2022
- 
At 31 March 2023
- 
Net book value
At 31 March 2023
10,227 
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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 
Depreciation
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 
Net book value
At 31 March 2023
42,862 
249 
1,593 
44,704 
At 31 March 2022
40,154 
- 
1,874 
42,028 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
3,187 
- 
Trade debtors
28,965 
23,786 
Other debtors
- 
31,780 
32,152 
55,566 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
721 
Trade creditors
4,481 
- 
Taxes and social security
6,751 
10,198 
Accruals
600 
1,086 
11,832 
12,005 
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).
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