2023-01-012023-12-312023-12-31false06768666Pathway Enterprises 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Pathway Enterprises Ltd

Registered Number
06768666
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

Pathway Enterprises Ltd
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

Anne Burrell
Stephen Burrell

Company Secretary

Anne Burrell

Registered Address

19 Playses Green Hambridge
Langport
TA10 0AP

Registered Number

06768666 (England and Wales)
Pathway Enterprises Ltd
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets4358527
358527
Current assets
Debtors9,89110,740
Cash at bank and on hand16,40122,189
26,29232,929
Creditors amounts falling due within one year6(26,457)(31,002)
Net current assets (liabilities)(165)1,927
Total assets less current liabilities1932,454
Provisions for liabilities(68)(100)
Net assets1252,354
Capital and reserves
Called up share capital100100
Profit and loss account252,254
Shareholders' funds1252,354
The financial statements were approved and authorised for issue by the Board of Directors on 4 March 2024, and are signed on its behalf by:
Anne Burrell
Director
Stephen Burrell
Director

Registered Company No. 06768666
Pathway Enterprises Ltd
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Office Equipment33
2.Average number of employees

20232022
Average number of employees during the year22
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 239,886
At 31 December 239,886
Depreciation and impairment
At 01 January 239,359
Charge for year169
At 31 December 239,527
Net book value
At 31 December 23358
At 31 December 22527
5.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables9,82510,740
Prepayments and accrued income66-
Total9,89110,740
6.Creditors: amounts due within one year

2023

2022

££
Amounts owed to related parties12,68011,796
Taxation and social security12,86818,344
Accrued liabilities and deferred income909862
Total26,45731,002
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.