Pay AS You Feel Community Accountants Ltd Filleted Accounts Cover |
Company No. 11761896 | |||||||||
Pay AS You Feel Community Accountants Ltd Directors Report Registrar |
The Directors present their report and the accounts for the year ended 31 January 2024. | |||||||||
Principal activities | |||||||||
Directors | |||||||||
The Directors who served at any time during the year were as follows: | |||||||||
V. NEWHAM | |||||||||
T. Worthington | |||||||||
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006. | |||||||||
Signed on behalf of the board | |||||||||
V. NEWHAM | |||||||||
Director | |||||||||
04 October 2024 |
Pay AS You Feel Community Accountants Ltd Balance Sheet Registrar |
at | ||||||||||
Company No. | 11761896 | Notes | 2024 | 2023 | ||||||
£ | £ | |||||||||
Current assets | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 5 | ( | ( | |||||||
Net current assets | ||||||||||
Total assets less current liabilities | ||||||||||
Net assets | ||||||||||
Reserves | ||||||||||
Income and expenditure account | ||||||||||
Total equity | ||||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's income and expenditure account. | ||||||||||
Approved by the board on 04 October 2024 and signed on its behalf by: | ||||||||||
V. NEWHAM | ||||||||||
Director | ||||||||||
04 October 2024 |
Pay AS You Feel Community Accountants Ltd Notes to the Accounts Registrar |
for the year ended 31 January 2024 | |||||||||||||||
1 | General information | ||||||||||||||
Pay AS You Feel Community Accountants Ltd is a private company limited by guarantee and incorporated in England and Wales. | |||||||||||||||
Its registered number is: 11761896 | |||||||||||||||
Its registered office is: | |||||||||||||||
2 | Accounting policies | ||||||||||||||
Turnover | |||||||||||||||
Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. | |||||||||||||||
Taxation | |||||||||||||||
Income tax expense represents the tax currently payable. The tax currently payable is based on taxable profit for the year. Taxable profit differs from the surplus as reported in the income and expenditure account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. | |||||||||||||||
Trade and other debtors | |||||||||||||||
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts. | |||||||||||||||
Trade and other creditors | |||||||||||||||
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. | |||||||||||||||
3 | Employees | ||||||||||||||
2024 | 2023 | ||||||||||||||
Number | Number | ||||||||||||||
The average monthly number of employees (including directors) during the year was: | |||||||||||||||
4 | Debtors | ||||||||||||||
2024 | 2023 | ||||||||||||||
£ | £ | ||||||||||||||
Trade debtors | |||||||||||||||
5 | Creditors: | ||||||||||||||
amounts falling due within one year | |||||||||||||||
2024 | 2023 | ||||||||||||||
£ | £ | ||||||||||||||
Corporation tax | |||||||||||||||
Accruals and deferred income | |||||||||||||||
6 | Reserves | ||||||||||||||