24 August 2022 false No description of principal activity Taxfiler 2024.4 SC742363business:PrivateLimitedCompanyLtd2022-08-242023-08-31 SC7423632022-08-23 SC7423632022-08-242023-08-31 SC742363business:AuditExempt-NoAccountantsReport2022-08-242023-08-31 SC742363business:FilletedAccounts2022-08-242023-08-31 SC7423632023-08-31 SC742363business:Director12022-08-242023-08-31 SC742363business:RegisteredOffice2022-08-242023-08-31 SC742363core:WithinOneYear2023-08-31 SC742363core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 SC742363core:PreviouslyStatedAmount2023-08-31 SC742363business:SmallEntities2022-08-242023-08-31 SC742363countries:Scotland2022-08-242023-08-31 SC742363core:PlantMachinery2022-08-242023-08-31 SC742363core:MotorVehicles2022-08-242023-08-31 SC742363core:FurnitureFittings2022-08-242023-08-31 SC742363core:ComputerEquipment2022-08-242023-08-31 SC742363core:PlantMachinery2022-08-23 SC742363core:MotorVehicles2022-08-23 SC742363core:ComputerEquipment2022-08-23 SC742363core:PlantMachinery2023-08-31 SC742363core:MotorVehicles2023-08-31 SC742363core:ComputerEquipment2023-08-31 iso4217:GBP xbrli:pure
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
Page
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Pace Productions Limited Company Information for the period from 24 August 2022 to 31 August 2023
Director
Byron Pace
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
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Pace Productions Limited Statement of financial position as at 31 August 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
80,737 
Current assets
Debtors
25,138 
Cash at bank and in hand
6,016 
31,154 
Creditors: amounts falling due within one year
(86,843)
Net current liabilities
(55,689)
Net assets
25,048 
Capital and reserves
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
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Pace Productions Limited Notes to the Accounts for the period from 24 August 2022 to 31 August 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
20% RB
Motor vehicles
20% RB
Fixtures & fittings
20% RB
Computer equipment
20% RB
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 24 August 2022
- 
- 
- 
- 
Additions
24,391 
49,456 
10,855 
84,702 
At 31 August 2023
24,391 
49,456 
10,855 
84,702 
Depreciation
Charge for the period
1,569 
1,052 
1,344 
3,965 
At 31 August 2023
1,569 
1,052 
1,344 
3,965 
Net book value
At 31 August 2023
22,822 
48,404 
9,511 
80,737 
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Pace Productions Limited Notes to the Accounts for the period from 24 August 2022 to 31 August 2023
5
Debtors
2023 
£ 
Amounts falling due within one year
VAT
13,676 
Trade debtors
11,462 
25,138 
6
Creditors: amounts falling due within one year
2023 
£ 
Obligations under finance leases and hire purchase contracts
6,598 
Other creditors
9,790 
Loans from directors
68,655 
Accruals
1,800 
86,843 
7
Average number of employees
During the period the average number of employees was 0.
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