IRIS Accounts Production v24.1.4.33 04386654 director 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043866542023-06-30043866542024-06-30043866542023-07-012024-06-30043866542022-06-30043866542022-07-012023-06-30043866542023-06-3004386654ns15:EnglandWales2023-07-012024-06-3004386654ns14:PoundSterling2023-07-012024-06-3004386654ns10:Director12023-07-012024-06-3004386654ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3004386654ns10:SmallEntities2023-07-012024-06-3004386654ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3004386654ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3004386654ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3004386654ns10:FullAccounts2023-07-012024-06-3004386654ns10:RegisteredOffice2023-07-012024-06-3004386654ns5:CurrentFinancialInstruments2024-06-3004386654ns5:CurrentFinancialInstruments2023-06-3004386654ns5:Non-currentFinancialInstruments2024-06-3004386654ns5:Non-currentFinancialInstruments2023-06-3004386654ns5:ShareCapital2024-06-3004386654ns5:ShareCapital2023-06-3004386654ns5:RetainedEarningsAccumulatedLosses2024-06-3004386654ns5:RetainedEarningsAccumulatedLosses2023-06-3004386654ns5:FurnitureFittings2023-07-012024-06-3004386654ns5:FurnitureFittings2023-06-3004386654ns5:FurnitureFittings2024-06-3004386654ns5:FurnitureFittings2023-06-3004386654ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3004386654ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3004386654ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-06-3004386654ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-06-30
REGISTERED NUMBER: 04386654 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

PACIFIC 7 LIMITED

PACIFIC 7 LIMITED (REGISTERED NUMBER: 04386654)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PACIFIC 7 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mrs A Ayling



REGISTERED OFFICE: Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ



REGISTERED NUMBER: 04386654 (England and Wales)



ACCOUNTANTS: P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ



BANKERS: Barclays Bank plc
The Wellsprings
Bolton
Lancahsire
BL1 1FH

PACIFIC 7 LIMITED (REGISTERED NUMBER: 04386654)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,723 6,869

CURRENT ASSETS
Debtors 5 1,348 6,858
Cash at bank 100,035 85,679
101,383 92,537
CREDITORS
Amounts falling due within one year 6 25,423 26,684
NET CURRENT ASSETS 75,960 65,853
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,683

72,722

CREDITORS
Amounts falling due after more than one
year

7

1,774

19,978
NET ASSETS 81,909 52,744

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 81,908 52,743
SHAREHOLDERS' FUNDS 81,909 52,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

PACIFIC 7 LIMITED (REGISTERED NUMBER: 04386654)

BALANCE SHEET - continued
30 JUNE 2024


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 director and authorised for issue on 15 July 2024 and were signed by:





Mrs A Ayling - Director


PACIFIC 7 LIMITED (REGISTERED NUMBER: 04386654)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Pacific 7 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
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. The company adopted FRS102 in the current year and an explanation of how the transition to FRS102 has affected the reported financial position and performance can be found in the notes to the accounts.

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

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 - 15% on reducing balance

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

PACIFIC 7 LIMITED (REGISTERED NUMBER: 04386654)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023 16,734
Additions 2,046
At 30 June 2024 18,780
DEPRECIATION
At 1 July 2023 9,865
Charge for year 1,192
At 30 June 2024 11,057
NET BOOK VALUE
At 30 June 2024 7,723
At 30 June 2023 6,869

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 5,699
Deferred tax asset 1,348 1,159
1,348 6,858

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 134 -
Corporation tax 18,867 18,156
Social security and other taxes 371 236
VAT 4,819 7,071
Directors current account 117 159
Accrued expenses 1,115 1,062
25,423 26,684

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 1,774 19,978

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs A Ayling.