PAYESCAPE LTD

Company Registration Number:
NI625726 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

PAYESCAPE LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

PAYESCAPE LTD

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 28,589 32,163
Tangible assets: 4 1,187,650 1,221,808
Investments: 5 178,020 178,020
Total fixed assets: 1,394,259 1,431,991
Current assets
Stocks: 0 0
Debtors:   1,126,367 1,060,762
Cash at bank and in hand: 22,324,681 22,923,639
Investments:   0 0
Total current assets: 23,451,048 23,984,401
Creditors: amounts falling due within one year:   (21,756,036) (22,658,357)
Net current assets (liabilities): 1,695,012 1,326,044
Total assets less current liabilities: 3,089,271 2,758,035
Creditors: amounts falling due after more than one year:   (1,807,085) (1,907,143)
Provision for liabilities: 0 0
Total net assets (liabilities): 1,282,186 850,892
Capital and reserves
Called up share capital: 4,048,247 4,048,247
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 4 4
Profit and loss account: (2,766,065) (3,197,359)
Shareholders funds: 1,282,186 850,892

The notes form part of these financial statements

PAYESCAPE LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 13 November 2024
and signed on behalf of the board by:

Name: Mr John Borland
Status: Director

The notes form part of these financial statements

PAYESCAPE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PAYESCAPE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 73 48

PAYESCAPE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible Assets

Total
Cost £
At 01 April 2023 35,737
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2024 35,737
Amortisation
At 01 April 2023 3,574
Charge for year 3,574
On disposals 0
Other adjustments 0
At 31 March 2024 7,148
Net book value
At 31 March 2024 28,589
At 31 March 2023 32,163

PAYESCAPE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible Assets

Total
Cost £
At 01 April 2023 1,418,358
Additions 11,069
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2024 1,429,427
Depreciation
At 01 April 2023 196,550
Charge for year 45,227
On disposals 0
Other adjustments 0
At 31 March 2024 241,777
Net book value
At 31 March 2024 1,187,650
At 31 March 2023 1,221,808

PAYESCAPE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Fixed investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.