IRIS Accounts Production v24.3.0.553 11965837 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh119658372023-04-30119658372024-04-30119658372023-05-012024-04-30119658372022-04-30119658372022-05-012023-04-30119658372023-04-3011965837ns15:EnglandWales2023-05-012024-04-3011965837ns14:PoundSterling2023-05-012024-04-3011965837ns10:Director12023-05-012024-04-3011965837ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3011965837ns10:SmallEntities2023-05-012024-04-3011965837ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3011965837ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3011965837ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3011965837ns10:FullAccounts2023-05-012024-04-3011965837ns10:OrdinaryShareClass12023-05-012024-04-3011965837ns10:Director42023-05-012024-04-3011965837ns10:RegisteredOffice2023-05-012024-04-3011965837ns5:CurrentFinancialInstruments2024-04-3011965837ns5:CurrentFinancialInstruments2023-04-3011965837ns5:ShareCapital2024-04-3011965837ns5:ShareCapital2023-04-3011965837ns5:SharePremium2024-04-3011965837ns5:SharePremium2023-04-3011965837ns5:FurtherSpecificReserve2ComponentTotalEquity2024-04-3011965837ns5:FurtherSpecificReserve2ComponentTotalEquity2023-04-3011965837ns5:RetainedEarningsAccumulatedLosses2024-04-3011965837ns5:RetainedEarningsAccumulatedLosses2023-04-3011965837ns5:PlantMachinery2023-05-012024-04-3011965837ns5:FurnitureFittings2023-05-012024-04-3011965837ns5:ComputerEquipment2023-05-012024-04-3011965837ns5:PlantMachinery2023-04-3011965837ns5:FurnitureFittings2023-04-3011965837ns5:ComputerEquipment2023-04-3011965837ns5:PlantMachinery2024-04-3011965837ns5:FurnitureFittings2024-04-3011965837ns5:ComputerEquipment2024-04-3011965837ns5:PlantMachinery2023-04-3011965837ns5:FurnitureFittings2023-04-3011965837ns5:ComputerEquipment2023-04-3011965837ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3011965837ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3011965837ns10:OrdinaryShareClass12024-04-3011965837ns5:RetainedEarningsAccumulatedLosses2023-04-3011965837ns5:SharePremium2023-04-3011965837ns5:FurtherSpecificReserve2ComponentTotalEquity2023-04-3011965837ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-30
REGISTERED NUMBER: 11965837 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

PAYMOB TECHNOLOGY LTD
T/A
DAPIO

PAYMOB TECHNOLOGY LTD (REGISTERED NUMBER: 11965837)
T/A DAPIO






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PAYMOB TECHNOLOGY LTD
T/A DAPIO

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Stuart Andrew Gallacher
Samuel Mark Vanderpump





REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





REGISTERED NUMBER: 11965837 (England and Wales)





ACCOUNTANTS: Stan Lee Accountancy Ltd
T/A: The Stan Lee
Chartered Certified Accountants
Level 18, 40 Bank Street
Canary Wharf
London
E14 5NR

PAYMOB TECHNOLOGY LTD (REGISTERED NUMBER: 11965837)
T/A DAPIO

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,029 42,509

CURRENT ASSETS
Debtors 5 202,199 219,105
Investments 6 - 1,808
Cash at bank and in hand 413 406,189
202,612 627,102
CREDITORS
Amounts falling due within one year 7 163,442 142,627
NET CURRENT ASSETS 39,170 484,475
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,199

526,984

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Share premium 10 100 100
Other reserves 10 2,417,393 2,417,393
Retained earnings 10 (2,345,294 ) (1,891,509 )
SHAREHOLDERS' FUNDS 73,199 526,984

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PAYMOB TECHNOLOGY LTD (REGISTERED NUMBER: 11965837)
T/A DAPIO

BALANCE SHEET - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





Stuart Andrew Gallacher - Director


PAYMOB TECHNOLOGY LTD (REGISTERED NUMBER: 11965837)
T/A DAPIO

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Paymob Technology Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable services rendered, stated net of discounts and of Value Added Tax. When the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes in effect a financing transaction, the fair value of the consideration is measured as the present value of all future receipts determined using an imputed rate of interest, normally the rate that discounts the nominal amount of consideration to the cash sales price.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company’s principal activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


PAYMOB TECHNOLOGY LTD (REGISTERED NUMBER: 11965837)
T/A DAPIO

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
No material uncertainties related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern have been indentified by the director.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade 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 AND DIRECTORS

The average number of employees during the year was 3 (2023 - 7 ) .

PAYMOB TECHNOLOGY LTD (REGISTERED NUMBER: 11965837)
T/A DAPIO

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 5,777 585 51,990 58,352
DEPRECIATION
At 1 May 2023 1,195 159 14,489 15,843
Charge for year 916 64 7,500 8,480
At 30 April 2024 2,111 223 21,989 24,323
NET BOOK VALUE
At 30 April 2024 3,666 362 30,001 34,029
At 30 April 2023 4,582 426 37,501 42,509

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 136,781 148,420
Other debtors 65,418 65,418
VAT - 3,350
Prepayments - 1,917
202,199 219,105

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments - 1,808

The unlisted investment money is associated with investment in Paymob Limited, a registered company in the Republic of Ghana. Unfortunately, the company has been dissolved by the director, resulting in a realized loss by Paymob Technology Ltd.

PAYMOB TECHNOLOGY LTD (REGISTERED NUMBER: 11965837)
T/A DAPIO

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans (see note 8) 88,419 88,419
Social security and other taxes 5,565 478
VAT 536 -
Other creditors 62,103 51,481
Credit card 596 2,229
Net wages control 5,963 -
Pension control 240 -
Directors' current accounts 20 20
163,442 142,627

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Convertible loan notes 88,419 88,419

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100,000 Ordinary £.01 1,000 1,000

10. RESERVES
Retained Share Other
earnings premium reserves Totals
£    £    £    £   

At 1 May 2023 (1,891,509 ) 100 2,417,393 525,984
Deficit for the year (453,785 ) (453,785 )
At 30 April 2024 (2,345,294 ) 100 2,417,393 72,199

The "Advance Subscription Funds" are not repayable and no interest payable in any circumstances. However, the amount will be used to subscribe for shares in the Company.

PAYMOB TECHNOLOGY LTD (REGISTERED NUMBER: 11965837)
T/A DAPIO

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the current financial period, the Company was under the control of Mr. Konstantin Dubinin, by the virtue of his ownership of the entire shareholding in the Company.

At the balance sheet date, the company owed its directors £20 (2023: £20). The loan carries no interest and is repayable in full at short notice on demand.

12. RELATED PARTY DISCLOSURES

During the financial year, Mr. K Dubinin provides consultancy services to the company and charges the amount of £nil (2023 : £30,000). He is also an employee in the company and 100% shareholder in the Company.

The Company also paid the sum of £45,198 (interest free loan) on behalf of Dapio Ltd (a Company based in United Arab Emirates and Mr. K Dubinin owns 100% shareholding of the Company.