Company Registration No. 10614203 (England and Wales)
THEPAYMENTSCO.COM LIMITED
Unaudited accounts
for the year ended 28 February 2023
THEPAYMENTSCO.COM LIMITED
Unaudited accounts
Contents
THEPAYMENTSCO.COM LIMITED
Company Information
for the year ended 28 February 2023
Company Number
10614203 (England and Wales)
Registered Office
WATERFRONT STUDIOS
1 DOCK ROAD
LONDON
E16 1AH
ENGLAND
Accountants
TJS Accountancy Services Ltd
4 Lambourne
Canvey Island
Essex
SS8OFG
THEPAYMENTSCO.COM LIMITED
Statement of financial position
as at 28 February 2023
Tangible assets
34,069
36,266
Cash at bank and in hand
307,383
252,029
Creditors: amounts falling due within one year
(76,858)
(110,901)
Net current assets
323,829
217,212
Total assets less current liabilities
357,898
253,478
Provisions for liabilities
Deferred tax
(1,892)
(1,892)
Net assets
356,006
251,586
Called up share capital
100
100
Profit and loss account
355,906
251,486
Shareholders' funds
356,006
251,586
For the year ending 28 February 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 9 November 2023 and were signed on its behalf by
J LALL
Director
Company Registration No. 10614203
THEPAYMENTSCO.COM LIMITED
Notes to the Accounts
for the year ended 28 February 2023
THEPAYMENTSCO.COM LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10614203. The registered office is WATERFRONT STUDIOS, 1 DOCK ROAD, LONDON, E16 1AH, ENGLAND.
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.
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
25% Straight line
Motor vehicles
25% Straight line
Fixtures & fittings
25% Straight line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
26,306
6,567
13,848
46,721
At 28 February 2023
26,306
6,567
13,848
46,721
At 1 March 2022
-
2,925
7,530
10,455
Charge for the year
-
618
1,579
2,197
At 28 February 2023
-
3,543
9,109
12,652
At 28 February 2023
26,306
3,024
4,739
34,069
At 28 February 2022
26,306
3,642
6,318
36,266
THEPAYMENTSCO.COM LIMITED
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
Trade debtors
82,965
8,792
Accrued income and prepayments
-
12,717
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
9,727
72,652
Taxes and social security
37,701
3,477
Other creditors
14,843
12,061
Loans from directors
11,237
20,161
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).