IRIS Accounts Production v23.2.0.158 10860902 Board of Directors 1.10.22 30.9.23 30.9.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh108609022022-09-30108609022023-09-30108609022022-10-012023-09-30108609022021-09-30108609022021-10-012022-09-30108609022022-09-3010860902ns10:Originalns15:EnglandWales2022-10-012023-09-3010860902ns14:PoundSterlingns10:Original2022-10-012023-09-3010860902ns10:Originalns10:Director12022-10-012023-09-3010860902ns10:Original2022-10-012023-09-3010860902ns10:Original2023-09-3010860902ns10:Originalns10:PrivateLimitedCompanyLtd2022-10-012023-09-3010860902ns10:Originalns10:SmallEntities2022-10-012023-09-3010860902ns10:Originalns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3010860902ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3010860902ns10:SmallCompaniesRegimeForAccountsns10:Original2022-10-012023-09-3010860902ns10:Originalns10:FullAccounts2022-10-012023-09-3010860902ns10:Original12022-10-012023-09-3010860902ns10:EntityHasNeverTradedns10:Original2022-10-012023-09-3010860902ns10:Original2022-09-3010860902ns10:Originalns5:CurrentFinancialInstruments2023-09-3010860902ns10:Originalns5:CurrentFinancialInstruments2022-09-3010860902ns5:ShareCapitalns10:Original2023-09-3010860902ns5:ShareCapitalns10:Original2022-09-3010860902ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-09-3010860902ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-09-3010860902ns10:Originalns10:RegisteredOffice2022-10-012023-09-3010860902ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-10-012023-09-3010860902ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2022-10-012023-09-3010860902ns10:Originalns5:PlantMachinery2022-10-012023-09-3010860902ns10:Original2021-10-012022-09-3010860902ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-09-3010860902ns5:IntangibleAssetsOtherThanGoodwillns10:Original2023-09-3010860902ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-09-3010860902ns10:Originalns5:PlantMachinery2022-09-3010860902ns10:Originalns5:PlantMachinery2023-09-3010860902ns10:Originalns5:PlantMachinery2022-09-3010860902ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3010860902ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3010860902ns10:Originalns5:DeferredTaxation2022-09-3010860902ns10:Originalns5:DeferredTaxation2022-10-012023-09-3010860902ns10:Originalns5:DeferredTaxation2023-09-30
REGISTERED NUMBER: 10860902 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Pad Conversions Ltd

Pad Conversions Ltd (Registered number: 10860902)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Pad Conversions Ltd (Registered number: 10860902)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 133 200
Tangible assets 5 18,847 25,129
18,980 25,329

CURRENT ASSETS
Stocks 750 500
Debtors 6 23,739 14,631
Cash at bank 35,511 37,910
60,000 53,041
CREDITORS
Amounts falling due within one year 7 54,678 51,916
NET CURRENT ASSETS 5,322 1,125
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,302

26,454

PROVISIONS FOR LIABILITIES 8 2,872 3,208
NET ASSETS 21,430 23,246

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 21,429 23,245
SHAREHOLDERS' FUNDS 21,430 23,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Pad Conversions Ltd (Registered number: 10860902)

Balance Sheet - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by:





P A Dickens - Director


Pad Conversions Ltd (Registered number: 10860902)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Pad Conversions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10860902

Registered office: Bryn Aber
Llanbedrog
Pwllheli
Gwynedd
LL53 7NU

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Pad Conversions Ltd (Registered number: 10860902)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2022
and 30 September 2023 333
AMORTISATION
At 1 October 2022 133
Charge for year 67
At 30 September 2023 200
NET BOOK VALUE
At 30 September 2023 133
At 30 September 2022 200

Pad Conversions Ltd (Registered number: 10860902)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 37,150
DEPRECIATION
At 1 October 2022 12,021
Charge for year 6,282
At 30 September 2023 18,303
NET BOOK VALUE
At 30 September 2023 18,847
At 30 September 2022 25,129

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 15,224 2,670
Other debtors 8,515 11,961
23,739 14,631

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 7,938 13,430
Taxation and social security 11,005 4,232
Other creditors 35,735 34,254
54,678 51,916

8. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax 2,872 3,208

Deferred
tax
£   
Balance at 1 October 2022 3,208
Credit to Statement of Income and Retained Earnings during year (336 )
Balance at 30 September 2023 2,872