Company Registration No. SC742363 (Scotland)
Pace Productions Limited
Unaudited accounts
for the period from 24 August 2022 to 31 August 2023
Pace Productions Limited
Unaudited accounts
Contents
Pace Productions Limited
Company Information
for the period from 24 August 2022 to 31 August 2023
Company Number
SC742363 (Scotland)
Registered Office
Carroch Farm Cottage
Carroch
Kirriemuir
DD8 4RN
Scotland
Accountants
Andrea Mcewen
AMS Accounting
3 High Street
KIRRIEMUIR
ANGUS
DD84EY
Pace Productions Limited
Statement of financial position
as at 31 August 2023
Cash at bank and in hand
6,016
Creditors: amounts falling due within one year
(86,843)
Net current liabilities
(55,689)
Profit and loss account
25,048
Shareholders' funds
25,048
For the period ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 June 2024 and were signed on its behalf by
Byron Pace
Director
Company Registration No. SC742363
Pace Productions Limited
Notes to the Accounts
for the period from 24 August 2022 to 31 August 2023
Pace Productions Limited is a private company, limited by shares, registered in Scotland, registration number SC742363. The registered office is Carroch Farm Cottage, Carroch, Kirriemuir, DD8 4RN, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% RB
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
Additions
24,391
49,456
10,855
84,702
At 31 August 2023
24,391
49,456
10,855
84,702
Charge for the period
1,569
1,052
1,344
3,965
At 31 August 2023
1,569
1,052
1,344
3,965
At 31 August 2023
22,822
48,404
9,511
80,737
Pace Productions Limited
Notes to the Accounts
for the period from 24 August 2022 to 31 August 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
Obligations under finance leases and hire purchase contracts
6,598
Loans from directors
68,655
7
Average number of employees
During the period the average number of employees was 0.