Company Registration No. 7567453 (England and Wales)
PASINET LIMITED
Unaudited accounts
for the year ended 31 March 2024
PASINET LIMITED
Unaudited accounts
Contents
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
PASINET LIMITED
Statement of financial position
as at 31 March 2024
Intangible assets
8,284
9,204
Tangible assets
42,000
44,704
Cash at bank and in hand
27,481
11,473
Creditors: amounts falling due within one year
(8,409)
(17,307)
Net current assets
32,342
26,320
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
PASINET LIMITED
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
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
At 31 March 2024
92,984
293
10,784
104,061
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
At 31 March 2024
40,434
212
1,354
42,000
At 31 March 2023
42,862
249
1,593
44,704
Amounts falling due within one year
Trade debtors
13,270
28,966
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
5,870
4,752
Loans from directors
-
7,473
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).