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
Pace Construction Ltd
Company Information
for the year ended 30 November 2023
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
Pace Construction Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
39,324
1,468
Cash at bank and in hand
118,087
8,047
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
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
Pace Construction Ltd
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
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.
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
At 30 November 2023
7,000
47,687
54,687
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
At 30 November 2023
1,174
38,150
39,324
At 30 November 2022
1,468
-
1,468
Pace Construction Ltd
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Trade debtors
184,244
120,531
Other debtors
10,000
10,000
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
-
Taxes and social security
23,250
15,473
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
43,944
-
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).