Pay AS You Feel Community Accountants Ltd Filleted Accounts Cover
Pay AS You Feel Community Accountants Ltd
Company No. 11761896
Information for Filing with The Registrar
31 January 2024
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
The principal activity of the company during the year under review was accounting and auditing 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
31 January 2024
Company No.
11761896
Notes
2024
2023
£
£
Current assets
Debtors
4
3671,695
Cash at bank and in hand
5,1496,130
5,5167,825
Creditors: Amount falling due within one year
5
(479)
(386)
Net current assets
5,0377,439
Total assets less current liabilities
5,0377,439
Net assets
5,0377,439
Reserves
Income and expenditure account
5,0377,439
Total equity
5,0377,439
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 January 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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:
1 The Mews
Huddersfield
HD1 5JL
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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:
01
4
Debtors
2024
2023
£
£
Trade debtors
3671,695
3671,695
5
Creditors:
amounts falling due within one year
2024
2023
£
£
Corporation tax
-67
Accruals and deferred income
479319
479386
6
Reserves
Income and expenditure account - includes all current and prior period retained surpluses and deficits.
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