PAY LATER PARTS LTD

Company Registration Number:
11164889 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

PAY LATER PARTS LTD

Contents of the Financial Statements

for the Period Ended 31 January 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

PAY LATER PARTS LTD

Company Information

for the Period Ended 31 January 2024




Director: Mr David Coe
Mr Jeremy Davies
Mr Christopher Page
Registered office: Unit 1, Dave Coe Garage Services
Cecil Road
Gorseinon
Swansea
GBR
SA4 4BY
Company Registration Number: 11164889 (England and Wales)

PAY LATER PARTS LTD

Balance sheet

As at 31 January 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 335 419
Total fixed assets: 335 419
Current assets
Debtors: 5 1,265 928
Cash at bank and in hand: 886 2,794
Total current assets: 2,151 3,722
Creditors: amounts falling due within one year: 6 ( 3,907 ) ( 3,513 )
Net current assets (liabilities): ( 1,756 ) 209
Total assets less current liabilities: ( 1,421 ) 628
Total net assets (liabilities): ( 1,421 ) 628

The notes form part of these financial statements

PAY LATER PARTS LTD

Balance sheet continued

As at 31 January 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: ( 2,421 ) ( 372 )
Shareholders funds: ( 1,421 ) 628

For the year ending 31 January 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 27 August 2024
And Signed On Behalf Of The Board By:

Name: Mr David Coe
Status: Director

Name: Mr Jeremy Davies
Status: Director

The notes form part of these financial statements

PAY LATER PARTS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PAY LATER PARTS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

PAY LATER PARTS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 3. Off balance sheet disclosure

    No

PAY LATER PARTS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible assets

Fixtures & fittings Total
Cost £ £
At 01 February 2023 1,024 1,024
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 January 2024 1,024 1,024
Depreciation
At 01 February 2023 605 605
Charge for year 84 84
On disposals - -
Other adjustments - -
At 31 January 2024 689 689
Net book value
At 31 January 2024 335 335
At 31 January 2023 419 419

PAY LATER PARTS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Debtors


2024
£

2023
£
Trade debtors 1,265 928
Total 1,265 928

PAY LATER PARTS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 2,828 2,828
Taxation and social security 529 135
Other creditors 550 550
Total 3,907 3,513