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Company Registration No. 10005528 (England and Wales)
PAESUK LIMITED Unaudited accounts for the year ended 29 February 2024
PAESUK LIMITED Unaudited accounts Contents
Page
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PAESUK LIMITED Company Information for the year ended 29 February 2024
Director
Altaf Patel
Company Number
10005528 (England and Wales)
Registered Office
Suites 12 & 13, Chantal House, 13-17 High Beech Road Loughton IG10 4BN United Kingdom
Accountants
NRV Tax Ltd Suites 12 & 13 Chantal House 13-17 High Beech Road Loughton IG10 4BN
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PAESUK LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,632 
2,352 
Current assets
Debtors
- 
13,478 
Cash at bank and in hand
21,626 
22,922 
21,626 
36,400 
Creditors: amounts falling due within one year
(6,823)
(12,223)
Net current assets
14,803 
24,177 
Net assets
18,435 
26,529 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
18,434 
26,528 
Shareholders' funds
18,435 
26,529 
For the year ending 29 February 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 director acknowledges his 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 and authorised for issue on 22 November 2024 and were signed on its behalf by
Altaf Patel Director Company Registration No. 10005528
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PAESUK LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
PAESUK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10005528. The registered office is Suites 12 & 13, Chantal House, , 13-17 High Beech Road, Loughton, IG10 4BN, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2023
6,660 
Additions
2,491 
At 29 February 2024
9,151 
Depreciation
At 1 March 2023
4,308 
Charge for the year
1,211 
At 29 February 2024
5,519 
Net book value
At 29 February 2024
3,632 
At 28 February 2023
2,352 
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PAESUK LIMITED Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
13,478 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(3,135)
918 
Trade creditors
8,571 
14,207 
Taxes and social security
891 
1,789 
Loans from directors
496 
(4,691)
6,823 
12,223 
7
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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