PAY LATER PARTS LTD

Company Registration Number:
11164889 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2023

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

PAY LATER PARTS LTD

Contents of the Financial Statements

for the Period Ended 31 January 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

PAY LATER PARTS LTD

Company Information

for the Period Ended 31 January 2023




Director: David Coe
Registered office: Unit 1, Dave Coe Garage Services
Cecil Road
Gorseinon
Swansea
GBR
SA4 4BY
Company Registration Number: 11164889 (England and Wales)

PAY LATER PARTS LTD

Balance sheet

As at 31 January 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 419 524
Total fixed assets: 419 524
Current assets
Debtors: 5 928 1,439
Cash at bank and in hand: 2,794 921
Total current assets: 3,722 2,360
Creditors: amounts falling due within one year: 6 ( 3,513 ) ( 2,973 )
Net current assets (liabilities): 209 ( 613 )
Total assets less current liabilities: 628 ( 89 )
Total net assets (liabilities): 628 ( 89 )

The notes form part of these financial statements

PAY LATER PARTS LTD

Balance sheet continued

As at 31 January 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: ( 372 ) ( 1,089 )
Shareholders funds: 628 ( 89 )

For the year ending 31 January 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 9 October 2023
And Signed On Behalf Of The Board By:

Name: David Coe
Status: Director

The notes form part of these financial statements

PAY LATER PARTS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PAY LATER PARTS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 0 0

PAY LATER PARTS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 3. Off balance sheet disclosure

    No

PAY LATER PARTS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Tangible assets

Fixtures & fittings Total
Cost £ £
At 01 February 2022 1,024 1,024
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 January 2023 1,024 1,024
Depreciation
At 01 February 2022 500 500
Charge for year 105 105
On disposals - -
Other adjustments - -
At 31 January 2023 605 605
Net book value
At 31 January 2023 419 419
At 31 January 2022 524 524

PAY LATER PARTS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

5. Debtors


2023
£

2022
£
Trade debtors 928 1,134
Other debtors 305
Total 928 1,439

PAY LATER PARTS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 2,828 641
Taxation and social security 135
Other creditors 550 2,332
Total 3,513 2,973