Company Registration No. 10038254 (England and Wales)
Pay2u Limited
Unaudited accounts
for the year ended 31 March 2024
Pay2u Limited
Unaudited accounts
Contents
Pay2u Limited
Company Information
for the year ended 31 March 2024
Directors
Susan Ann Welsh
Kevin Michael Welsh
Company Number
10038254 (England and Wales)
Registered Office
The Innovation Centre
Hub 1 Venture Court Queens Meadow Busine
Hartlepool
TS25 5TG
United Kingdom
Accountants
Antony Francis ACMA CGMA
44 Shandon Park
Marton-In-Cleveland
Middlesbrough
TS8 9XS
Pay2u Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
60,037
97,158
Creditors: amounts falling due within one year
(32,427)
(14,438)
Net current assets
47,319
123,630
Called up share capital
100
100
Profit and loss account
48,140
124,830
Shareholders' funds
48,240
124,930
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 31 October 2024 and were signed on its behalf by
Susan Ann Welsh
Director
Company Registration No. 10038254
Pay2u Limited
Notes to the Accounts
for the year ended 31 March 2024
Pay2u Limited is a private company, limited by shares, registered in England and Wales, registration number 10038254. The registered office is The Innovation Centre, Hub 1 Venture Court Queens Meadow Busine, Hartlepool, TS25 5TG, 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:
Other tangible fixed assets
294
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
360
2,795
3,155
At 31 March 2024
360
2,795
3,155
At 1 April 2023
65
1,790
1,855
Charge for the year
44
335
379
At 31 March 2024
109
2,125
2,234
At 31 March 2024
251
670
921
At 31 March 2023
295
1,005
1,300
Pay2u Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
19,349
19,781
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
894
10,716
Proposed dividends
40,000
-
Loans from directors
(10,000)
-
7
Average number of employees
During the year the average number of employees was 2 (2023: 3).