1 March 2023 false No description of principal activity Taxfiler 2024.5 10614203business:PrivateLimitedCompanyLtd2023-03-012024-02-29 106142032023-02-28 106142032023-03-012024-02-29 10614203business:AuditExempt-NoAccountantsReport2023-03-012024-02-29 10614203business:FilletedAccounts2023-03-012024-02-29 106142032024-02-29 10614203business:Director12023-03-012024-02-29 10614203business:Director22023-03-012024-02-29 10614203business:RegisteredOffice2023-03-012024-02-29 106142032023-02-28 10614203core:WithinOneYear2024-02-29 10614203core:WithinOneYear2023-02-28 10614203core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 10614203core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 10614203core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 10614203core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 10614203core:PreviouslyStatedAmount2024-02-29 10614203core:PreviouslyStatedAmount2023-02-28 10614203business:SmallEntities2023-03-012024-02-29 10614203countries:EnglandWales2023-03-012024-02-29 10614203core:PlantMachinery2023-03-012024-02-29 10614203core:MotorVehicles2023-03-012024-02-29 10614203core:FurnitureFittings2023-03-012024-02-29 10614203core:LandBuildings2023-02-28 10614203core:PlantMachinery2023-02-28 10614203core:FurnitureFittings2023-02-28 10614203core:LandBuildings2024-02-29 10614203core:PlantMachinery2024-02-29 10614203core:FurnitureFittings2024-02-29 10614203core:LandBuildings2023-03-012024-02-29 106142032022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 10614203 (England and Wales)
THEPAYMENTSCO.COM LIMITED Unaudited accounts for the year ended 29 February 2024
THEPAYMENTSCO.COM LIMITED Unaudited accounts Contents
Page
- 2 -
THEPAYMENTSCO.COM LIMITED Company Information for the year ended 29 February 2024
Directors
J LALL JS MARWA
Company Number
10614203 (England and Wales)
Registered Office
WATERFRONT STUDIOS 1 DOCK ROAD LONDON E16 1AH ENGLAND
Accountants
TJS Accountancy Services Ltd Oakland cottacge St Teresa Connaught Road Rayleigh Essex SS6 8UG
- 3 -
THEPAYMENTSCO.COM LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
32,169 
34,069 
Current assets
Debtors
59,857 
93,304 
Cash at bank and in hand
358,458 
307,383 
418,315 
400,687 
Creditors: amounts falling due within one year
(61,717)
(76,858)
Net current assets
356,598 
323,829 
Total assets less current liabilities
388,767 
357,898 
Provisions for liabilities
Deferred tax
(1,892)
(1,892)
Net assets
386,875 
356,006 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
386,775 
355,906 
Shareholders' funds
386,875 
356,006 
For the year ending 29 February 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 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 of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by
J LALL Director Company Registration No. 10614203
- 4 -
THEPAYMENTSCO.COM LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
THEPAYMENTSCO.COM LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10614203. The registered office is WATERFRONT STUDIOS, 1 DOCK ROAD, LONDON, E16 1AH, 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.
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:
Plant & machinery
25% Straight line
Motor vehicles
25% Straight line
Fixtures & fittings
25% Straight line
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
26,306 
6,567 
13,848 
46,721 
At 29 February 2024
26,306 
6,567 
13,848 
46,721 
Depreciation
At 1 March 2023
- 
3,543 
9,109 
12,652 
Charge for the year
- 
600 
1,300 
1,900 
At 29 February 2024
- 
4,143 
10,409 
14,552 
Net book value
At 29 February 2024
26,306 
2,424 
3,439 
32,169 
At 28 February 2023
26,306 
3,024 
4,739 
34,069 
- 5 -
THEPAYMENTSCO.COM LIMITED Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
17,362 
8,339 
Trade debtors
40,495 
82,965 
Other debtors
2,000 
2,000 
59,857 
93,304 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
11,365 
9,727 
Taxes and social security
20,762 
37,701 
Other creditors
3,343 
14,843 
Loans from directors
20,897 
11,237 
Accruals
5,350 
3,350 
61,717 
76,858 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -