IRIS Accounts Production v23.3.0.418 11548381 Board of Directors Board of Directors 1.10.22 30.9.23 30.9.23 false true false false true false Ordinary 'A' shares 1.00000 Ordinary 'B' shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh115483812022-09-30115483812023-09-30115483812022-10-012023-09-30115483812021-09-30115483812021-10-012022-09-30115483812022-09-3011548381ns10:Originalns15:EnglandWales2022-10-012023-09-3011548381ns14:PoundSterlingns10:Original2022-10-012023-09-3011548381ns10:Originalns10:Director12022-10-012023-09-3011548381ns10:Original2022-10-012023-09-3011548381ns10:Originalns10:Director22022-10-012023-09-3011548381ns10:Original2023-09-3011548381ns10:Originalns10:PrivateLimitedCompanyLtd2022-10-012023-09-3011548381ns10:Originalns10:SmallEntities2022-10-012023-09-3011548381ns10:Originalns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3011548381ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3011548381ns10:SmallCompaniesRegimeForAccountsns10:Original2022-10-012023-09-3011548381ns10:Originalns10:FullAccounts2022-10-012023-09-3011548381ns10:Originalns10:OrdinaryShareClass12022-10-012023-09-3011548381ns10:Originalns10:OrdinaryShareClass22022-10-012023-09-3011548381ns10:Originalns10:RegisteredOffice2022-10-012023-09-3011548381ns10:Original2022-09-3011548381ns10:Originalns5:CurrentFinancialInstruments2023-09-3011548381ns10:Originalns5:CurrentFinancialInstruments2022-09-3011548381ns10:Originalns5:Non-currentFinancialInstruments2023-09-3011548381ns10:Originalns5:Non-currentFinancialInstruments2022-09-3011548381ns5:ShareCapitalns10:Original2023-09-3011548381ns5:ShareCapitalns10:Original2022-09-3011548381ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-09-3011548381ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-09-3011548381ns10:Originalns5:ComputerEquipment2022-10-012023-09-3011548381ns10:Original2021-10-012022-09-3011548381ns10:Originalns5:ComputerEquipment2022-09-3011548381ns10:Originalns5:ComputerEquipment2023-09-3011548381ns10:Originalns5:ComputerEquipment2022-09-3011548381ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3011548381ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3011548381ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-09-3011548381ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-09-3011548381ns10:Originalns5:DeferredTaxation2022-09-3011548381ns10:Originalns5:DeferredTaxation2022-10-012023-09-3011548381ns10:Originalns5:DeferredTaxation2023-09-3011548381ns10:Originalns10:OrdinaryShareClass12023-09-3011548381ns10:Originalns10:OrdinaryShareClass22023-09-30
REGISTERED NUMBER: 11548381 (England and Wales)




























Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Pace Recruitment Limited

Pace Recruitment Limited (Registered number: 11548381)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pace Recruitment Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mr J P Anning
Mr M E J Potton





REGISTERED OFFICE: 1-3 The Courtyard
Calvin Street
The Valley
Bolton
Lancashire
BL1 8PB





REGISTERED NUMBER: 11548381 (England and Wales)





ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY

Pace Recruitment Limited (Registered number: 11548381)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 99 218

CURRENT ASSETS
Debtors 5 18,290 64,093
Cash at bank and in hand 76,008 91,054
94,298 155,147
CREDITORS
Amounts falling due within one year 6 45,882 72,996
NET CURRENT ASSETS 48,416 82,151
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,515

82,369

CREDITORS
Amounts falling due after more than one
year

7

(19,066

)

(29,101

)

PROVISIONS FOR LIABILITIES 8 (25 ) (41 )
NET ASSETS 29,424 53,227

CAPITAL AND RESERVES
Called up share capital 9 8 8
Retained earnings 29,416 53,219
SHAREHOLDERS' FUNDS 29,424 53,227

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Pace Recruitment Limited (Registered number: 11548381)

Balance Sheet - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:




Mr J P Anning - Director



Mr M E J Potton - Director


Pace Recruitment Limited (Registered number: 11548381)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Pace Recruitment Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Pace Recruitment Limited (Registered number: 11548381)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2022
and 30 September 2023 475
DEPRECIATION
At 1 October 2022 257
Charge for year 119
At 30 September 2023 376
NET BOOK VALUE
At 30 September 2023 99
At 30 September 2022 218

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,890 63,453
Other debtors 1,400 640
18,290 64,093

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,035 9,788
Trade creditors 2,681 16,068
Social security and other taxes 28,838 45,616
Other creditors 4,328 1,484
Directors' current accounts - 40
45,882 72,996

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 19,066 29,101

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 25 41

Pace Recruitment Limited (Registered number: 11548381)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2022 41
Provided during year (16 )
Balance at 30 September 2023 25

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
6 Ordinary 'A' shares £1 6 6
2 Ordinary 'B' shares £1 2 2
8 8