1 December 2022 false No description of principal activity Taxfiler 2024.5 09862739business:PrivateLimitedCompanyLtd2022-12-012023-11-30 098627392022-11-30 098627392022-12-012023-11-30 09862739business:AuditExempt-NoAccountantsReport2022-12-012023-11-30 09862739business:FilletedAccounts2022-12-012023-11-30 098627392023-11-30 09862739business:Director12022-12-012023-11-30 09862739business:RegisteredOffice2022-12-012023-11-30 098627392022-11-30 09862739core:WithinOneYear2023-11-30 09862739core:WithinOneYear2022-11-30 09862739core:AfterOneYear2023-11-30 09862739core:AfterOneYear2022-11-30 09862739core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 09862739core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 09862739core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 09862739core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 09862739core:PreviouslyStatedAmount2023-11-30 09862739core:PreviouslyStatedAmount2022-11-30 09862739business:SmallEntities2022-12-012023-11-30 09862739countries:EnglandWales2022-12-012023-11-30 09862739core:PlantMachinery2022-12-012023-11-30 09862739core:PlantMachinery2022-11-30 09862739core:MotorVehicles2022-11-30 09862739core:MotorVehicles2022-12-012023-11-30 09862739core:PlantMachinery2023-11-30 09862739core:MotorVehicles2023-11-30 09862739business:OrdinaryShareClass12022-12-012023-11-30 09862739business:OrdinaryShareClass12021-12-012022-11-30 098627392021-12-012022-11-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09862739 (England and Wales)
Pace Construction Ltd Unaudited accounts for the year ended 30 November 2023
Pace Construction Ltd Unaudited accounts Contents
Page
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Pace Construction Ltd Company Information for the year ended 30 November 2023
Director
Alexander Shkoza
Company Number
09862739 (England and Wales)
Registered Office
Legacy Centre Hanworth Trading Estate, Hampton Road We Feltham Middlesex TW13 6DH
Accountants
Mittal & Associates, Chartered Accountants Spaces Aurora House, 71-75 Uxbridge Road London Ealing W5 5SL
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Pace Construction Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
39,324 
1,468 
Current assets
Inventories
220,204 
- 
Debtors
231,806 
165,133 
Cash at bank and in hand
118,087 
8,047 
570,097 
173,180 
Creditors: amounts falling due within one year
(478,195)
(74,526)
Net current assets
91,902 
98,654 
Total assets less current liabilities
131,226 
100,122 
Creditors: amounts falling due after more than one year
(78,776)
(82,271)
Provisions for liabilities
Deferred tax
(458)
(458)
Net assets
51,992 
17,393 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
50,992 
16,393 
Shareholders' funds
51,992 
17,393 
For the year ending 30 November 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 5 July 2024 and were signed on its behalf by
Alexander Shkoza Director Company Registration No. 09862739
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Pace Construction Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Pace Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 09862739. The registered office is Legacy Centre, Hanworth Trading Estate, Hampton Road We, Feltham, Middlesex, TW13 6DH.
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 remained unchanged from the previous year, and also 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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
7,000 
- 
7,000 
Additions
- 
47,687 
47,687 
At 30 November 2023
7,000 
47,687 
54,687 
Depreciation
At 1 December 2022
5,532 
- 
5,532 
Charge for the year
294 
9,537 
9,831 
At 30 November 2023
5,826 
9,537 
15,363 
Net book value
At 30 November 2023
1,174 
38,150 
39,324 
At 30 November 2022
1,468 
- 
1,468 
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Pace Construction Ltd Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
37,562 
34,602 
Trade debtors
184,244 
120,531 
Other debtors
10,000 
10,000 
231,806 
165,133 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
69,662 
59,053 
Obligations under finance leases and hire purchase contracts
9,383 
- 
Trade creditors
375,900 
- 
Taxes and social security
23,250 
15,473 
478,195 
74,526 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
34,832 
82,271 
Obligations under finance leases and hire purchase contracts
43,944 
- 
78,776 
82,271 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
9
Average number of employees
During the year the average number of employees was 11 (2022: 11).
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