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Company Registration No. 10038254 (England and Wales)
Pay2u Limited Unaudited accounts for the year ended 31 March 2024
Pay2u Limited Unaudited accounts Contents
Page
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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
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Pay2u Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
921 
1,300 
Current assets
Debtors
19,709 
40,910 
Cash at bank and in hand
60,037 
97,158 
79,746 
138,068 
Creditors: amounts falling due within one year
(32,427)
(14,438)
Net current assets
47,319 
123,630 
Net assets
48,240 
124,930 
Capital and reserves
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
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Pay2u Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
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:
Computer equipment
1005
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 
Depreciation
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 
Net book value
At 31 March 2024
251 
670 
921 
At 31 March 2023
295 
1,005 
1,300 
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Pay2u Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
(1,022)
366 
Trade debtors
19,349 
19,781 
Other debtors
1,382 
- 
19,709 
20,147 
Amounts falling due after more than one year
Other debtors
- 
20,763 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
533 
722 
Taxes and social security
894 
10,716 
Proposed dividends
40,000 
- 
Loans from directors
(10,000)
- 
Accruals
1,000 
3,000 
32,427 
14,438 
7
Average number of employees
During the year the average number of employees was 2 (2023: 3).
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