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Company Registration No. 09411668 (England and Wales)
PAK Finance Consulting Limited Unaudited accounts for the year ended 31 January 2024
PAK Finance Consulting Limited Unaudited accounts Contents
Page
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PAK Finance Consulting Limited Company Information for the year ended 31 January 2024
Director
Paul Kelly
Company Number
09411668 (England and Wales)
Registered Office
18 Elm Road Bebington Wirral CH63 8PF United Kingdom
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PAK Finance Consulting Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
27,000 
33,000 
Current assets
Debtors
12,213 
7,624 
Cash at bank and in hand
6,210 
4,015 
18,423 
11,639 
Creditors: amounts falling due within one year
22,904 
31,057 
Net current assets
41,327 
42,696 
Total assets less current liabilities
68,327 
75,696 
Creditors: amounts falling due after more than one year
(10,309)
(17,109)
Net assets
58,018 
58,587 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
57,818 
58,387 
Shareholders' funds
58,018 
58,587 
For the year ending 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 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 14 October 2024 and were signed on its behalf by
Paul Kelly Director Company Registration No. 09411668
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PAK Finance Consulting Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
PAK Finance Consulting Limited is a private company, limited by shares, registered in England and Wales, registration number 09411668. The registered office is 18 Elm Road, Bebington, Wirral, CH63 8PF, United Kingdom.
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:
Fixtures & fittings
3 years straight line
Computer equipment
2 years straight line
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
600 
3,822 
4,422 
At 31 January 2024
600 
3,822 
4,422 
Depreciation
At 1 February 2023
600 
3,822 
4,422 
At 31 January 2024
600 
3,822 
4,422 
Net book value
At 31 January 2024
- 
- 
- 
5
Investments
Other investments 
£ 
Valuation at 1 February 2023
33,000 
Disposals
(6,000)
Valuation at 31 January 2024
27,000 
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PAK Finance Consulting Limited Notes to the Accounts for the year ended 31 January 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,751 
4,154 
Accrued income and prepayments
8,440 
3,422 
Other debtors
22 
48 
12,213 
7,624 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,720 
6,720 
VAT
7,730 
- 
Trade creditors
250 
250 
Taxes and social security
44,101 
39,790 
Other creditors
500 
6,000 
Loans from directors
(82,294)
(83,906)
Accruals
89 
89 
(22,904)
(31,057)
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,309 
17,109 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Paul Kelly
Directors Loan Account
41,953 
106,556 
66,215 
82,294 
Sarah Kelly
Directors Loan Account
41,953 
- 
41,953 
- 
83,906 
106,556 
108,168 
82,294 
The company operated two directors' loan accounts throughout the financial year, with a net balance owed to the company as at the balance sheet date. The balance on the directors' loan account at the start of the year was £83,906. The directors received advances or credit in the year of £106,556. The directors repaid advances or credit in the year of £108,168. The balance on the director's loan account at the end of the year was £82,294.
10
Average number of employees
During the year the average number of employees was 2 (2023: 3).
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