IRIS Accounts Production v23.4.0.336 11104010 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111040102022-12-31111040102023-12-31111040102023-01-012023-12-31111040102021-12-31111040102022-01-012022-12-31111040102022-12-3111104010ns15:EnglandWales2023-01-012023-12-3111104010ns14:PoundSterling2023-01-012023-12-3111104010ns10:Director12023-01-012023-12-3111104010ns10:Director22023-01-012023-12-3111104010ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3111104010ns10:SmallEntities2023-01-012023-12-3111104010ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3111104010ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3111104010ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3111104010ns10:FullAccounts2023-01-012023-12-311110401012023-01-012023-12-3111104010ns5:CurrentFinancialInstruments2023-12-3111104010ns5:CurrentFinancialInstruments2022-12-3111104010ns5:Non-currentFinancialInstruments2023-12-3111104010ns5:Non-currentFinancialInstruments2022-12-3111104010ns5:ShareCapital2023-12-3111104010ns5:ShareCapital2022-12-3111104010ns5:RetainedEarningsAccumulatedLosses2023-12-3111104010ns5:RetainedEarningsAccumulatedLosses2022-12-3111104010ns10:RegisteredOffice2023-01-012023-12-3111104010ns5:NetGoodwill2023-01-012023-12-3111104010ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3111104010ns5:NetGoodwill2022-12-3111104010ns5:NetGoodwill2023-12-3111104010ns5:NetGoodwill2022-12-3111104010ns5:PlantMachinery2022-12-3111104010ns5:PlantMachinery2023-01-012023-12-3111104010ns5:PlantMachinery2023-12-3111104010ns5:PlantMachinery2022-12-3111104010ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3111104010ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 11104010 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PATHFINDER THIRTEEN LIMITED

PATHFINDER THIRTEEN LIMITED (REGISTERED NUMBER: 11104010)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


PATHFINDER THIRTEEN LIMITED (REGISTERED NUMBER: 11104010)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,749 2,277
Investments 6 12,000 -
13,749 2,277

CURRENT ASSETS
Stocks 38,000 44,000
Debtors 7 9,878 12,177
Cash at bank 11,137 1,387
59,015 57,564
CREDITORS
Amounts falling due within one year 8 40,686 51,581
NET CURRENT ASSETS 18,329 5,983
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,078

8,260

CREDITORS
Amounts falling due after more than one
year

9

31,475

8,700
NET ASSETS/(LIABILITIES) 603 (440 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 503 (540 )
603 (440 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

PATHFINDER THIRTEEN LIMITED (REGISTERED NUMBER: 11104010)

BALANCE SHEET - continued
31 DECEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:




A W Williams - Director



Mrs L F Williams - Director


PATHFINDER THIRTEEN LIMITED (REGISTERED NUMBER: 11104010)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Pathfinder Thirteen Limited 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: 11104010

Registered office: Glaslyn
Ffordd Y Parc
Parc Menai
Bangor
Gwynedd
LL57 4FE

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 represents net invoiced commission, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Computer equipment - Straight line over 4 years

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 Profit and Loss Account, 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.


PATHFINDER THIRTEEN LIMITED (REGISTERED NUMBER: 11104010)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 7,500
AMORTISATION
At 1 January 2023
and 31 December 2023 7,500
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

PATHFINDER THIRTEEN LIMITED (REGISTERED NUMBER: 11104010)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 4,343
Additions 662
At 31 December 2023 5,005
DEPRECIATION
At 1 January 2023 2,066
Charge for year 1,190
At 31 December 2023 3,256
NET BOOK VALUE
At 31 December 2023 1,749
At 31 December 2022 2,277

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Other investments 12,000 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 9,878 12,177

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,600 3,600
Hire purchase contracts 4,333 -
Trade creditors 794 -
Taxation and social security 16,896 14,052
Other creditors 15,063 33,929
40,686 51,581

PATHFINDER THIRTEEN LIMITED (REGISTERED NUMBER: 11104010)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 5,100 8,700
Hire purchase contracts 26,375 -
31,475 8,700

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 30,708 -

Hire Purchase obligations are secured on the assets to which they relate.