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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
Page
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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
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Pacific Infotech (UK) Ltd Statement of financial position as at 30 November 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,745 
20,577 
Current assets
Debtors
240,018 
212,160 
Cash at bank and in hand
302,916 
253,909 
542,934 
466,069 
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)
Net assets
106,010 
83,304 
Capital and reserves
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
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Pacific Infotech (UK) Ltd Notes to the Accounts for the year ended 30 November 2022
1
Statutory information
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.
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.
Turnover
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
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.
Pension costs
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.
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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 
Additions
1,418 
- 
1,418 
At 30 November 2022
26,359 
26,500 
52,859 
Depreciation
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 
Net book value
At 30 November 2022
6,470 
9,275 
15,745 
At 30 November 2021
6,002 
14,575 
20,577 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
56,017 
71,118 
Other debtors
184,001 
141,042 
240,018 
212,160 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
47,161 
39,756 
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)
Accruals
250,000 
- 
160,466 
15,711 
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 
- 
292,203 
387,631 
8
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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Pacific Infotech (UK) Ltd Notes to the Accounts for the year ended 30 November 2022
9
Loans to directors
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.
10
Average number of employees
During the year the average number of employees was 4 (2021: 4).
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