Company Registration No. 09403739 (England and Wales)
Pathfinder Sales Ltd
Unaudited accounts
for the year ended 31 March 2024
Pathfinder Sales Ltd
Unaudited accounts
Contents
Pathfinder Sales Ltd
Company Information
for the year ended 31 March 2024
Directors
Ms S Bell
Mr T Bell
Company Number
09403739 (England and Wales)
Registered Office
WINDY RIDGE VICARAGE ROAD
EAST BUDLEIGH
BUDLEIGH SALTERTON
DEVON
EX9 7EF
UNITED KINGDOM
Accountants
Brambillow Accounting Ltd
Brookhouse
Cranoe Road
Welham
Leicestershire
LE16 7UH
Pathfinder Sales Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
14,392
15,618
Cash at bank and in hand
19,589
13,769
Creditors: amounts falling due within one year
(1,898)
(6,606)
Net current assets
18,895
33,913
Total assets less current liabilities
33,287
49,531
Provisions for liabilities
Deferred tax
(2,735)
(2,968)
Called up share capital
2
2
Profit and loss account
30,550
46,561
Shareholders' funds
30,552
46,563
For the year ending 31 March 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 19 November 2024 and were signed on its behalf by
Ms S Bell
Director
Company Registration No. 09403739
Pathfinder Sales Ltd
Notes to the Accounts
for the year ended 31 March 2024
Pathfinder Sales Ltd is a private company, limited by shares, registered in England and Wales, registration number 09403739. The registered office is WINDY RIDGE VICARAGE ROAD, EAST BUDLEIGH, BUDLEIGH SALTERTON, DEVON, EX9 7EF, 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:
Land & buildings
2.0% Straight Line
Fixtures & fittings
20.0% Reducing Balance
Computer equipment
33.3% Reducing Balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Pathfinder Sales Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
13,685
6,119
9,115
28,919
At 31 March 2024
13,685
6,244
9,115
29,044
At 1 April 2023
2,396
3,177
7,728
13,301
Charge for the year
274
614
463
1,351
At 31 March 2024
2,670
3,791
8,191
14,652
At 31 March 2024
11,015
2,453
924
14,392
At 31 March 2023
11,289
2,942
1,387
15,618
Amounts falling due within one year
Accrued income and prepayments
1,204
2,660
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
230
5,304
Loans from directors
1,575
339
7
Transactions with related parties
Included within creditors is an amount of ã1,575 (2023: ã339) which is owed by the Company to the Directors. Included within debtors is an amount of ãnil (2023: ã18,787) which was owed by the Directors to the Company. Interest is not payable on any of these amounts and there is no fixed date for repayment.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).