Company Registration No. 06757146 (England and Wales)
Pacific Infotech (UK) Ltd
Unaudited accounts
for the year ended 30 November 2022
Pacific Infotech (UK) Ltd
Unaudited accounts
Contents
Pacific Infotech (UK) Ltd
Company Information
for the year ended 30 November 2022
Director
Mohammad Ali Khan
Company Number
06757146 (England and Wales)
Registered Office
2 Weir Place
Staines-Upon-Thames
Middlesex
TW18 3NB
Accountants
Gains Accountants
Queen Elizabeth Olympic Park
Plexal, 14 East Bay Lane
London
E20 3BS
Pacific Infotech (UK) Ltd
Statement of financial position
as at 30 November 2022
Tangible assets
15,745
20,577
Cash at bank and in hand
302,916
253,909
Creditors: amounts falling due within one year
(160,466)
(15,711)
Net current assets
382,468
450,358
Total assets less current liabilities
398,213
470,935
Creditors: amounts falling due after more than one year
(292,203)
(387,631)
Called up share capital
100
100
Profit and loss account
105,910
83,204
Shareholders' funds
106,010
83,304
For the year ending 30 November 2022 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 17 November 2023 and were signed on its behalf by
Mohammad Ali Khan
Director
Company Registration No. 06757146
Pacific Infotech (UK) Ltd
Notes to the Accounts
for the year ended 30 November 2022
Pacific Infotech (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 06757146. The registered office is 2 Weir Place, Staines-Upon-Thames, Middlesex, TW18 3NB.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
Straight Line - over 4 years
Motor vehicles
Straight Line - over 5 years
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Pacific Infotech (UK) Ltd
Notes to the Accounts
for the year ended 30 November 2022
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 December 2021
24,941
26,500
51,441
At 30 November 2022
26,359
26,500
52,859
At 1 December 2021
18,939
11,925
30,864
Charge for the year
950
5,300
6,250
At 30 November 2022
19,889
17,225
37,114
At 30 November 2022
6,470
9,275
15,745
At 30 November 2021
6,002
14,575
20,577
Amounts falling due within one year
Trade debtors
56,017
71,118
Other debtors
184,001
141,042
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
25,485
8,197
Taxes and social security
(40)
18,518
Other creditors
14,300
9,901
Loans from directors
(176,440)
(60,661)
7
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
139,396
173,432
Other creditors
145,766
214,199
Taxes and social security
7,041
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Pacific Infotech (UK) Ltd
Notes to the Accounts
for the year ended 30 November 2022
At the end of the financial year, £176,440 is owed by Mohammed Ali Khan (2021: £60,661). This loan is repaid within nine months after the year-end.
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Average number of employees
During the year the average number of employees was 4 (2021: 4).