PACE AND LINE DESIGNS LIMITED

Company Registration Number:
07936885 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

PACE AND LINE DESIGNS LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

PACE AND LINE DESIGNS LIMITED

Company Information

for the Period Ended 28 February 2023




Director: Ranjit Singh Nagi
Registered office: 19
Lyon Meade
Stanmore
Middlesex
GBR
HA7 1HZ
Company Registration Number: 07936885 (England and Wales)

PACE AND LINE DESIGNS LIMITED

Directors' Report Period Ended 28 February 2023

The directors present their report with the financial statements of the company for the period ended 28 February 2023

Principal Activities

Principal activities continue to secure remaining patents maintain validity of existing worldwide patents for golf accessory device with promotions, marketing, sales and sources of bulk manufacture including seeking investment and licensing.

Directors

The director(s) shown below were appointed to the company during the period
Ranjit Singh Nagi
01 March 2022

This report was approved by the board of directors on 28 November 2023
And Signed On Behalf Of The Board By:

Name: Ranjit Singh Nagi
Status: Director

PACE AND LINE DESIGNS LIMITED

Profit and Loss Account

for the Period Ended 28 February 2023


Notes

2023
£

2022
£
Gross Profit or (Loss) ( 5,067 ) ( 6,237 )
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 1,370 ) ( 1,745 )
Operating Profit or (Loss) ( 6,437 ) ( 7,982 )
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax ( 6,437 ) ( 7,982 )
Profit or (Loss) for Period ( 6,437 ) ( 7,982 )

The notes form part of these financial statements

PACE AND LINE DESIGNS LIMITED

Balance sheet

As at 28 February 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 14,133 14,133
Tangible assets: 5 367 552
Total fixed assets: 14,500 14,685
Current assets
Stocks: 10,500 10,500
Debtors: 96,493 96,493
Cash at bank and in hand: 115 138
Total current assets: 107,108 107,131
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: ( 96,493 ) ( 96,493 )
Net current assets (liabilities): 10,615 10,638
Total assets less current liabilities: 25,115 25,323
Creditors: amounts falling due after more than one year: ( 96,493 ) ( 96,493 )
Total net assets (liabilities): ( 71,378 ) ( 71,170 )

The notes form part of these financial statements

PACE AND LINE DESIGNS LIMITED

Balance sheet continued

As at 28 February 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 71,478 ) ( 71,270 )
Shareholders funds: ( 71,378 ) ( 71,170 )

For the year ending 28 February 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 28 November 2023
And Signed On Behalf Of The Board By:

Name: Ranjit Singh Nagi
Status: Director

The notes form part of these financial statements

PACE AND LINE DESIGNS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 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

PACE AND LINE DESIGNS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

PACE AND LINE DESIGNS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 3. Off balance sheet disclosure

    No

PACE AND LINE DESIGNS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 4. Intangible assets

    Total
    Cost £
    At 01 March 2022 14,133
    Additions -
    Disposals -
    Revaluations -
    Transfers -
    At 28 February 2023 14,133
    Amortisation
    Amortisation at 01 March 2022 0
    Charge for year -
    On disposals -
    Other adjustments -
    Amortisation at 28 February 2023 0
    Net book value
    Net book value at 28 February 2023 14,133
    Net book value at 28 February 2022 14,133

PACE AND LINE DESIGNS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Tangible Assets

Total
Cost £
At 01 March 2022 552
Additions -
Disposals -
Revaluations -
Transfers -
At 28 February 2023 552
Depreciation
At 01 March 2022 0
Charge for year 46
On disposals -
Other adjustments 139
At 28 February 2023 185
Net book value
At 28 February 2023 367
At 28 February 2022 552