ON PACE LIMITED

Company Registration Number:
11261654 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

ON PACE LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

ON PACE LIMITED

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 3,294 5,099
Total fixed assets: 3,294 5,099
Current assets
Debtors:   275,244 266,801
Cash at bank and in hand: 105,535 112,225
Total current assets: 380,779 379,026
Creditors: amounts falling due within one year: 4 (69,356) (135,491)
Net current assets (liabilities): 311,423 243,535
Total assets less current liabilities: 314,717 248,634
Provision for liabilities: (127) (127)
Total net assets (liabilities): 314,590 248,507
Capital and reserves
Called up share capital: 132 132
Profit and loss account: 314,458 248,375
Shareholders funds: 314,590 248,507

The notes form part of these financial statements

ON PACE LIMITED

Balance sheet statements

For the year ending 31 October 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 February 2024
and signed on behalf of the board by:

Name: Mr Antony Sher
Status: Director

The notes form part of these financial statements

ON PACE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Tangible fixed assets and depreciation policy

Depreciation has been provided at rates in order to write off the assets over their estimated useful lives.

Other accounting policies

Pension Costs: The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of that year.

ON PACE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 4 4

ON PACE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible Assets

Total
Cost £
At 01 November 2022 9,768
Additions 508
At 31 October 2023 10,276
Depreciation
At 01 November 2022 4,669
Charge for year 2,313
At 31 October 2023 6,982
Net book value
At 31 October 2023 3,294
At 31 October 2022 5,099

ON PACE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Creditors: amounts falling due within one year note

Due to VAT 2023 - £16,564 2022 - £20,127Due to PAYE 2023 - £5,964 2022 - £5,569Due to Salaries control 2023 - £6,044 2022 - £211Due to Directors 2023 - £4,641 2022 - £4,641Due to Bank loan 2023 - £25,396 2022 - £36,045Trade creditors 2023 - £6,424 2022 - £3,121Other creditors 2023 - £398 2022 - £398Pension schemes 2023 - £398 2022 - £363Accruals 2023 - £3,537 2022 - £65,016Total 2023 £69,356 2022 £135,491