Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07467435 Mr S K Egan Mr P Ager iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07467435 2023-03-31 07467435 2024-03-31 07467435 2023-04-01 2024-03-31 07467435 frs-core:CurrentFinancialInstruments 2024-03-31 07467435 frs-core:ShareCapital 2024-03-31 07467435 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07467435 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07467435 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07467435 frs-bus:SmallEntities 2023-04-01 2024-03-31 07467435 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07467435 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07467435 frs-bus:Director1 2023-04-01 2024-03-31 07467435 frs-bus:Director2 2023-04-01 2024-03-31 07467435 frs-countries:EnglandWales 2023-04-01 2024-03-31 07467435 2022-03-31 07467435 2023-03-31 07467435 2022-04-01 2023-03-31 07467435 frs-core:CurrentFinancialInstruments 2023-03-31 07467435 frs-core:ShareCapital 2023-03-31 07467435 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07467435
Pase Developments Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Stowe and Ager Accountants Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 07467435
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 248,000 180,000
Debtors 5 411 -
Cash at bank and in hand 15,009 1,125
263,420 181,125
Creditors: Amounts Falling Due Within One Year 6 (263,638 ) (197,148 )
NET CURRENT ASSETS (LIABILITIES) (218 ) (16,023 )
TOTAL ASSETS LESS CURRENT LIABILITIES (218 ) (16,023 )
NET LIABILITIES (218 ) (16,023 )
CAPITAL AND RESERVES
Called up share capital 7 200 200
Profit and Loss Account (418 ) (16,223 )
SHAREHOLDERS' FUNDS (218) (16,023)
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S K Egan
Director
5 April 2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Pase Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07467435 . The registered office is Stable 1 Springhill Farm, Walsall Road, Lichfield, WS14 0BX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Stocks
2024 2023
£ £
Work in progress 248,000 180,000
5. Debtors
2024 2023
£ £
Due within one year
VAT 411 -
411 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 198,000 137,540
Directors' loan accounts 65,638 59,608
263,638 197,148
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 2