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REGISTERED NUMBER: 06245399 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

PAIN ENTERPRISES LIMITED

PAIN ENTERPRISES LIMITED (REGISTERED NUMBER: 06245399)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PAIN ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mr WJH Pain
Mrs JN Pain





SECRETARY: Mrs JN Pain





REGISTERED OFFICE: 1st Floor
3 Millers Yard
Church Square
Market Harborough
Leicestershire
LE16 7PW





REGISTERED NUMBER: 06245399 (England and Wales)

PAIN ENTERPRISES LIMITED (REGISTERED NUMBER: 06245399)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,614 1,906
1,614 1,906

CURRENT ASSETS
Debtors 6 36,401 49,506
Cash at bank 40,107 27,866
76,508 77,372
CREDITORS
Amounts falling due within one year 7 61,382 57,730
NET CURRENT ASSETS 15,126 19,642
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,740

21,548

CREDITORS
Amounts falling due after more than one
year

8

14,915

22,633
NET ASSETS/(LIABILITIES) 1,825 (1,085 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,725 (1,185 )
SHAREHOLDERS' FUNDS 1,825 (1,085 )

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.

PAIN ENTERPRISES LIMITED (REGISTERED NUMBER: 06245399)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2024 and were signed on its behalf by:




Mr WJH Pain - Director



Mrs JN Pain - Director


PAIN ENTERPRISES LIMITED (REGISTERED NUMBER: 06245399)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Pain Enterprises Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The company provides services to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on the completion of a service.

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

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

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

PAIN ENTERPRISES LIMITED (REGISTERED NUMBER: 06245399)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. INTANGIBLE FIXED ASSETS
Franchise
fee
£   
COST
At 1 October 2022
and 30 September 2023 23,000
AMORTISATION
At 1 October 2022
and 30 September 2023 23,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2022 14,018
Additions 246
At 30 September 2023 14,264
DEPRECIATION
At 1 October 2022 12,112
Charge for year 538
At 30 September 2023 12,650
NET BOOK VALUE
At 30 September 2023 1,614
At 30 September 2022 1,906

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,560 13,384
Other debtors 24,841 36,122
36,401 49,506

PAIN ENTERPRISES LIMITED (REGISTERED NUMBER: 06245399)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 16,652 17,416
Trade creditors 4,953 5,988
Taxation and social security 11,513 13,258
Other creditors 28,264 21,068
61,382 57,730

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 14,915 22,633

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
Mr WJH Pain
Balance outstanding at start of year 33,378 12,552
Amounts advanced 59,111 83,112
Amounts repaid (70,094 ) (62,286 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,395 33,378

The loan to Mr WJH Pain is repayable on demand.