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
PAK Finance Consulting Limited
Company Information
for the year ended 31 January 2024
Company Number
09411668 (England and Wales)
Registered Office
18 Elm Road
Bebington
Wirral
CH63 8PF
United Kingdom
PAK Finance Consulting Limited
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
6,210
4,015
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)
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
PAK Finance Consulting Limited
Notes to the Accounts
for the year ended 31 January 2024
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.
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:
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
At 1 February 2023
600
3,822
4,422
At 31 January 2024
600
3,822
4,422
5
Investments
Other investments
Valuation at 1 February 2023
33,000
Valuation at 31 January 2024
27,000
PAK Finance Consulting Limited
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Accrued income and prepayments
8,440
3,422
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,720
6,720
Taxes and social security
44,101
39,790
Loans from directors
(82,294)
(83,906)
8
Creditors: amounts falling due after more than one year
2024
2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
41,953
106,556
66,215
82,294
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).