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REGISTERED NUMBER: 06184479 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2023

for

PAS Technical Services Limited

PAS Technical Services Limited (Registered number: 06184479)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PAS Technical Services Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: P Smith





SECRETARY: B Roye





REGISTERED OFFICE: Airport House
Suite 43-45
Purley Way
Croydon
Surrey
CR0 0XZ





REGISTERED NUMBER: 06184479 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

PAS Technical Services Limited (Registered number: 06184479)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 778 1,267

CURRENT ASSETS
Debtors 5 18,281 15,779
Cash at bank 281,910 293,352
300,191 309,131
CREDITORS
Amounts falling due within one year 6 (59,138 ) (76,991 )
NET CURRENT ASSETS 241,053 232,140
TOTAL ASSETS LESS CURRENT
LIABILITIES

241,831

233,407

PROVISIONS FOR LIABILITIES 7 (95 ) (176 )
NET ASSETS 241,736 233,231

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 241,735 233,230
241,736 233,231

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PAS Technical Services Limited (Registered number: 06184479)

Balance Sheet - continued
31 March 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 director and authorised for issue on 20 November 2023 and were signed by:





P Smith - Director


PAS Technical Services Limited (Registered number: 06184479)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

PAS Technical Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company continued to be that of Commission Engineering & Architectural activities.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

TURNOVER
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery25% Straight Line
Fixtures, fittings & equipment25% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date which are considered as immaterial.

PAS Technical Services Limited (Registered number: 06184479)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

PROVISIONS FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of income & retained earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance sheet.

GOING CONCERN
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2022 2,675 877 3,552
Disposals (785 ) - (785 )
At 31 March 2023 1,890 877 2,767
DEPRECIATION
At 1 April 2022 1,535 750 2,285
Charge for year 362 127 489
Eliminated on disposal (785 ) - (785 )
At 31 March 2023 1,112 877 1,989
NET BOOK VALUE
At 31 March 2023 778 - 778
At 31 March 2022 1,140 127 1,267

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,689 15,677
Other debtors 592 102
18,281 15,779

PAS Technical Services Limited (Registered number: 06184479)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

The director considers the carrying value of trade and other receivables approximate to their fair values.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 15,751 19,165
Other creditors 43,387 57,826
59,138 76,991

The director considers the carrying amounts of current liabilities approximate to their fair values.

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 95 176

Deferred
tax
£   
Balance at 1 April 2022 176
Provided during year (81 )
Balance at 31 March 2023 95

8. RESERVES

PROFIT AND LOSS RESERVES
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

9. RELATED PARTY DISCLOSURES

As at the balance sheet date included in creditors were amounts of £42,800 (2022 - £57,014) due to the director.