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Company Registration No. 7567453 (England and Wales)
PASINET LIMITED Unaudited accounts for the year ended 31 March 2024
PASINET LIMITED Unaudited accounts Contents
Page
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PASINET LIMITED Company Information for the year ended 31 March 2024
Director
Giovanni Luca Pasi
Company Number
7567453 (England and Wales)
Registered Office
FLAT 13, 41-42 KEW BRIDGE ROAD BRENTFORD TW8 0RF ENGLAND
Accountants
Not Just Bookkeeping Ltd
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PASINET LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
8,284 
9,204 
Tangible assets
42,000 
44,704 
50,284 
53,908 
Current assets
Debtors
13,270 
32,154 
Cash at bank and in hand
27,481 
11,473 
40,751 
43,627 
Creditors: amounts falling due within one year
(8,409)
(17,307)
Net current assets
32,342 
26,320 
Net assets
82,626 
80,228 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
82,625 
80,227 
Shareholders' funds
82,626 
80,228 
For the year ending 31 March 2024 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 30 September 2024 and were signed on its behalf by
Giovanni Luca Pasi Director Company Registration No. 7567453
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PASINET LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
PASINET LIMITED is a private company, limited by shares, registered in England and Wales, registration number 7567453. The registered office is FLAT 13, 41-42 KEW BRIDGE ROAD, BRENTFORD, TW8 0RF, ENGLAND.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
15% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
10,227 
At 31 March 2024
10,227 
Amortisation
At 1 April 2023
1,023 
Charge for the year
920 
At 31 March 2024
1,943 
Net book value
At 31 March 2024
8,284 
At 31 March 2023
9,204 
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PASINET LIMITED Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
88,277 
293 
10,784 
99,354 
Additions
4,707 
- 
- 
4,707 
At 31 March 2024
92,984 
293 
10,784 
104,061 
Depreciation
At 1 April 2023
45,415 
44 
9,191 
54,650 
Charge for the year
7,135 
37 
239 
7,411 
At 31 March 2024
52,550 
81 
9,430 
62,061 
Net book value
At 31 March 2024
40,434 
212 
1,354 
42,000 
At 31 March 2023
42,862 
249 
1,593 
44,704 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
3,188 
Trade debtors
13,270 
28,966 
13,270 
32,154 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,889 
- 
Trade creditors
- 
4,482 
Taxes and social security
5,870 
4,752 
Loans from directors
- 
7,473 
Accruals
650 
600 
8,409 
17,307 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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