1 March 2022 false No description of principal activity Taxfiler 2023.10.2 10614203business:PrivateLimitedCompanyLtd2022-03-012023-02-28 106142032022-02-28 106142032022-03-012023-02-28 10614203business:AuditExempt-NoAccountantsReport2022-03-012023-02-28 10614203business:FilletedAccounts2022-03-012023-02-28 106142032023-02-28 10614203business:Director12022-03-012023-02-28 10614203business:Director22022-03-012023-02-28 10614203business:RegisteredOffice2022-03-012023-02-28 106142032022-02-28 10614203core:WithinOneYear2023-02-28 10614203core:WithinOneYear2022-02-28 10614203core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 10614203core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 10614203core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 10614203core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 10614203core:PreviouslyStatedAmount2023-02-28 10614203core:PreviouslyStatedAmount2022-02-28 10614203business:SmallEntities2022-03-012023-02-28 10614203countries:EnglandWales2022-03-012023-02-28 10614203core:PlantMachinery2022-03-012023-02-28 10614203core:MotorVehicles2022-03-012023-02-28 10614203core:FurnitureFittings2022-03-012023-02-28 10614203core:LandBuildings2022-02-28 10614203core:PlantMachinery2022-02-28 10614203core:FurnitureFittings2022-02-28 10614203core:LandBuildings2023-02-28 10614203core:PlantMachinery2023-02-28 10614203core:FurnitureFittings2023-02-28 10614203core:LandBuildings2022-03-012023-02-28 106142032021-03-012022-02-28 iso4217:GBP xbrli:pure
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
Page
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THEPAYMENTSCO.COM LIMITED Company Information for the year ended 28 February 2023
Directors
J LALL JS MARWA
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
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THEPAYMENTSCO.COM LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
34,069 
36,266 
Current assets
Debtors
93,304 
76,084 
Cash at bank and in hand
307,383 
252,029 
400,687 
328,113 
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 
Capital and reserves
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
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THEPAYMENTSCO.COM LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
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.
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 
Depreciation
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 
Net book value
At 28 February 2023
26,306 
3,024 
4,739 
34,069 
At 28 February 2022
26,306 
3,642 
6,318 
36,266 
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THEPAYMENTSCO.COM LIMITED Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
8,339 
45,575 
Trade debtors
82,965 
8,792 
Accrued income and prepayments
- 
12,717 
Other debtors
2,000 
9,000 
93,304 
76,084 
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 
Accruals
3,350 
2,550 
76,858 
110,901 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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