Company registration number 12520585 (England and Wales)
PACKCHAT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
PACKCHAT LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
PACKCHAT LIMITED (REGISTERED NUMBER: 12520585)
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
16,960
-
0
Current assets
Debtors
4
12,331
20,001
Cash at bank and in hand
381,109
3,518
393,440
23,519
Creditors: amounts falling due within one year
5
(583,629)
(380,645)
Net current liabilities
(190,189)
(357,126)
Net liabilities
(173,229)
(357,126)
Capital and reserves
Called up share capital
6
1
1
Share premium account
552,717
-
0
Profit and loss reserves
(725,947)
(357,127)
Total equity
(173,229)
(357,126)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 6 September 2024
Mr J Bolding
Director
PACKCHAT LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 April 2022
1
-
0
(90,073)
(90,072)
Year ended 31 March 2023:
Loss and total comprehensive income
-
-
(267,054)
(267,054)
Balance at 31 March 2023
1
-
0
(357,127)
(357,126)
Year ended 31 March 2024:
Loss and total comprehensive income
-
-
(368,820)
(368,820)
Issue of share capital
6
-
0
552,717
-
552,717
Balance at 31 March 2024
1
552,717
(725,947)
(173,229)
PACKCHAT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Packchat Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4th Floor, 399-401 Strand, London, England, WC2R 0LT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future.

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
33% straight line
Computers
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
2
PACKCHAT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 April 2023
-
0
-
0
-
0
Additions
19,880
1,124
21,004
At 31 March 2024
19,880
1,124
21,004
Depreciation and impairment
At 1 April 2023
-
0
-
0
-
0
Depreciation charged in the year
3,827
217
4,044
At 31 March 2024
3,827
217
4,044
Carrying amount
At 31 March 2024
16,053
907
16,960
At 31 March 2023
-
0
-
0
-
0
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
12,066
20,001
Prepayments and accrued income
265
-
0
12,331
20,001
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
9,619
14,040
Taxation and social security
11,957
523
Other creditors
562,053
366,082
583,629
380,645
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 0.0001p each
1,000,000
1,000,000
1
1
Ordinary B shares of 0.0001p each
87,732
-
-
-
PACKCHAT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
6
Called up share capital
(Continued)
- 5 -

During the year, the company issued 87,732 Ordinary shares at a nominal value of £0.000001 per share.

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