Company registration number SC474094 (Scotland)
Pass In Days Ltd
Unaudited financial statements
for the year ended 30 April 2024
Pages for filing with registrar
Pass In Days Ltd
Chartered Accountants' report to the director on the preparation of the
unaudited statutory financial statements of Pass In Days Ltd
1

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pass In Days Ltd for the year ended 30 April 2024 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.

This report is made solely to the director of Pass In Days Ltd, in accordance with the terms of our engagement letter dated 17 August 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Pass In Days Ltd and state those matters that we have agreed to state to the director of Pass In Days Ltd, in this report in accordance with the requirements of the ICAS as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pass In Days Ltd and its director , for our work or for this report.

It is your duty to ensure that Pass In Days Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pass In Days Ltd. You consider that Pass In Days Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pass In Days Ltd. 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 statutory financial statements.

James Milne
Chartered Accountants
5 Bon Accord Square
Aberdeen
AB11 6XZ
24 September 2024
Pass In Days Ltd
Statement of financial position
as at 30 April 2024
30 April 2024
2
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
910
-
0
Current assets
Debtors
6,309
20,181
Cash at bank and in hand
87,120
62,283
93,429
82,464
Creditors: amounts falling due within one year
(40,474)
(33,405)
Net current assets
52,955
49,059
Net assets
53,865
49,059
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
53,864
49,058
Total equity
53,865
49,059

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 April 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 member has 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.

Pass In Days Ltd
Statement of financial position (continued)
as at 30 April 2024
30 April 2024
3
The financial statements were approved and signed by the director and authorised for issue on 23 September 2024
Adrian Gluszko
Director
Company registration number SC474094 (Scotland)
Pass In Days Ltd
Notes to the financial statements
for the year ended 30 April 2024
4
1
Accounting policies
Company information

Pass In Days Ltd is a private company limited by shares incorporated in Scotland. The registered office is Clyde Offices, 2nd Floor, 48 West George Street, Glasgow, G2 1BP.

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.

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

1.2
Turnover

Turnover represents revenue recognised in the accounts. Revenue is recognised when the company fulfils its contractual obligations to customers by supplying goods and services.

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
3 years straight line
Motor vehicles
4 years straight line
1.4
Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured at the tax rates and laws that are enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Pass In Days Ltd
Notes to the financial statements (continued)
for the year ended 30 April 2024
5
2
Employees

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

2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Total
£
Cost
At 1 May 2023
4,138
Additions
1,228
At 30 April 2024
5,366
Depreciation and impairment
At 1 May 2023
4,138
Depreciation charged in the year
318
At 30 April 2024
4,456
Carrying amount
At 30 April 2024
910
At 30 April 2023
-
0
4
Directors' transactions

During the year the director entered into the following advances and credits with the company :

Description
Opening     debit    balance
Amounts advanced
Amounts repaid
Closing   debit   balance
£
£
£
£
Adrian Gluszko - Director's loan
8,924
374
(9,256)
42
8,924
374
(9,256)
42
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