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Pavic & Co Ltd
 
 
Company Registration Number
10609594
 
 
Report of the Directors and
Unaudited Financial Statements
 
 
Period of accounts
 
Start date 01/03/2023
 
End date 29/02/2024
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
Pavic & Co Ltd
 
Contents of the Financial Statements
for the Period Ended 29 February 2024
 
 
Page
Company Information 3
 
Report of the Directors 4
 
Report of the Accountants 5
 
Profit and Loss Account 6
 
Balance Sheet 7 - 8
 
Notes to the Financial Statements 9 - 13
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
Pavic & Co Ltd
 
Company Information
for the Period Ended 29 February 2024
 
Directors M Pavic
 
 
Registered office 24 Downsview
Chatham
Kent
ME5 0AP
 
Company Registration Number 10609594
 
Accountants Name B R Pusser & Co Ltd
Address 24 Downsview
Chatham
Kent
ME5 0AP
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
Pavic & Co Ltd
Directors Report
for the Period Ended 29 February 2024
The directors present their report with the financial statements of the company for the
period ended 29 February 2024
Principal activities
The principal activity of the company in the period under review was
project management
Directors
The director(s) shown below have held office during the whole of the period
M Pavic
Company policy on the employment of disabled persons
It is the companys policy to give employment to disabled persons wherever practicable.
Small Company Provisions
These accounts have been prepared in accordance with the provisions applicable to
companies subject to the small companies regime.
 
This report was approved by the board of directors on 2024-08-16
and signed on behalf of the board by
Name M Pavic
Status Director
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 4
Pavic & Co Ltd
 
Accountants' Report
for the Period Ended 29 February 2024
 
Independent accountants' report
 
Report to the directors on the preparation of the unaudited statutory accounts of the company for theperiod ended 29 February 2024. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of the company for the period ended 29 February 2024 as set out on pages 3 to 15 which comprise of Profit and Loss Account, the Balance Sheet and the related notes from the companys accounting records and from information and explanations you have given us. This report is made solely to the Board of Directors of the company, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the
accounts of the company and state those matters that we have agreed to state to the Board of Directors
of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the company and its Board of Directors as a body for our
work or for this report.
 
It is your duty to ensure the company has kept adequate accounting records and to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and profit/(loss) of
the company. You consider the company is exempt from the statutory audit requirement for the
period.
We have not been instructed to carry out an audit of the financial statements. For this reason, we
have not verified the accuracy or completeness of the accounting records or information and
explanations you have given to us and we do not, therefore, express any opinion on the financial
statements.
 
 
 
 
 
 
 
B R Pusser & Co Ltd
24 Downsview
Chatham
Kent
ME5 0AP
 
Date 2024-08-16
Page 5
Pavic & Co Ltd
 
Profit and Loss Account
for the Period Ended 29 February 2024
2024 2023
Notes £ £
 
Turnover 2 73,133 85,934
Cost of sales 36,614 38,071
______ ______
Gross Profit/(Loss) 36,519 47,863
 
Administrative expenses 2,139 2,033
______ ______
Operating costs 2,139 2,033
 
______ ______
Operating Profit/(Loss) 3 34,380 45,830
______ ______
Profit/(Loss) on ordinary activities before taxation 34,380 45,830
 
Tax on profit on ordinary activities 6 6,533 8,708
_____ _____
Profit/(Loss) for the financial period after taxation 27,847 37,122
There were no recognised gains or losses other than the profit/(loss) shown attributable to the
shareholders for the period ended 29 February 2024
 
The notes form part of these financial statements
 
 
 
 
 
 
 
 
 
 
 
Page 6
Pavic & Co Ltd
Balance Sheet
for the Period Ended 29 February 2024
Company registration number 10609594
2024 2023
Notes £ £
Current assets
Debtors 9 14,626 17,187
Cash at bank and in hand 17,425 18,642
_______ _______
Total current assets/(liabilities) 32,051 35,829
Creditors
Creditors - amounts falling
due within one year 10 7,533 9,958
_______ _______
Net current assets 24,518 25,871
_______ _______
Total assets less current liabilities 24,518 25,871
_______ _______
Creditors - amounts falling
due after more than one year 11 10,801 15,201
_______ _______
Long term creditors 10,801 15,201
_____ _____
Net assets/(liabilities) 13,717 10,670
Capital and reserves
Called up share capital 12 1 1
Profit and loss account 13 13,516 10,669
_____ _____
Total shareholders funds 13,517 10,670
 
 
 
 
 
 
 
 
 
 
 
 
Page 7
Pavic & Co Ltd
 
Balance Sheet
for the Period Ended 29 February 2024
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
 
For the year ending 29 February 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
 
The financial statements were approved by the Board of Directors on 2024-08-16
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name M Pavic
 
The notes form part of these financial statements
Average number of employees during period 2
 
 
 
 
 
 
 
 
 
Page 8
Pavic & Co Ltd
Notes to the Financial Statements
for the Period Ended 29 February 2024
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
Turnover
The turnover shown in the profit and loss account represents revenue earned during the period, inclusive of VAT.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 9
Pavic & Co Ltd
Notes to the Financial Statements
for the Period Ended 29 February 2024
2. Turnover 2024 2023
£ £
United Kingdom 73,133 85,934
_____ _____
Total 73,133 85,934
3. Operating profit/(loss) 2024 2023
Profit before tax as stated after charging the following £ £
Accountants and audit fees 1,000 1,250
4. Directors' remuneration 2024 2023
£ £
Directors remuneration 12,000 12,000
Value of directors pension contributions
_____ _____
Total 12,000 12,000
The number of Directors accruing pension benefits was
5. Employees 2024 2023
£ £
Wages and salaries 12,000 12,000
_____ _____
Total staff costs 12,000 12,000
6. Taxation
The tax charge on the profit on ordinary activities 2024 2023
for the period was as follows £ £
UK Corporation Tax net of reliefs 6,533 8,708
____ ____
Tax on profit on ordinary activities 6,533 8,708
7. Dividends 2024 2023
£ £
Dividend on ordinary shares paid in period 25,000 35,000
 
 
 
 
 
 
 
 
 
 
 
 
Page 10
Pavic & Co Ltd
Notes to the Financial Statements
for the Period Ended 29 February 2024
8. Tangible fixed assets
Total
Cost £
At 1 March 2023
At 29 February 2024
Depreciation
At 1 March 2023
At 29 February 2024
Net book value
At 29 February 2024
At 28 February 2023
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 11
Pavic & Co Ltd
Notes to the Financial Statements
for the Period Ended 29 February 2024
9. Debtors 2024 2023
Prepayments and accrued income 14,626 17,187
_____ _____
Total 14,626 17,187
10. Creditors amounts falling due within one year 2024 2023
Trade creditors 1,000 1,250
Corporation tax 6,533 8,708
____ ____
Total 7,533 9,958
11. Creditors amounts falling due after more than one year 2024 2023
Bank loans 10,801 15,201
_____ _____
Total 10,801 15,201
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 12
Pavic & Co Ltd
Notes to the Financial Statements
for the Period Ended 29 February 2024
12. Share capital 2024 2023
Authorised type Par value £ £
Ordinary 1 1 1
_ _
Total 1 1
Allotted, called up and paid £ £
Ordinary 1 1
_ _
Total 1 1
13. Reserves/Retained profit
Retained profit reconciliation £
Reserves at 1 March 2023 10,669
Profit/(Loss) for year 27,847
Dividends paid 25,000
_____
Retained Profit/(Loss) at 29 February 2024 13,516
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 13