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REGISTERED NUMBER: 08215415 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Payback May Limited

Payback May Limited (Registered number: 08215415)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Payback May Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: J May
Mrs S May





SECRETARY:





REGISTERED OFFICE: 16 Montpellier Villas
Cheltenham
Gloucestershire
GL502XE





REGISTERED NUMBER: 08215415 (England and Wales)





ACCOUNTANTS: Monest Accounts Limited
Pure Offices, Kestrel Court
Waterwells Drive, Quedgeley
Gloucester
Gloucestershire
GL2 2AT

Payback May Limited (Registered number: 08215415)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 357,147 24,119

CURRENT ASSETS
Debtors 5 1,181 1,181
Investments 6 541,611 541,611
Cash at bank 5,471 29,966
548,263 572,758
CREDITORS
Amounts falling due within one year 7 34,094 14,794
NET CURRENT ASSETS 514,169 557,964
TOTAL ASSETS LESS CURRENT
LIABILITIES

871,316

582,083

CREDITORS
Amounts falling due after more than one
year

8

252,000

-
NET ASSETS 619,316 582,083

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 619,296 582,063
SHAREHOLDERS' FUNDS 619,316 582,083

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Payback May Limited (Registered number: 08215415)

Statement of Financial Position - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





J May - Director


Payback May Limited (Registered number: 08215415)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Payback May Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Payback May Limited (Registered number: 08215415)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 - 69,756 69,756
Additions 337,533 1,165 338,698
At 30 September 2024 337,533 70,921 408,454
DEPRECIATION
At 1 October 2023 - 45,637 45,637
Charge for year - 5,670 5,670
At 30 September 2024 - 51,307 51,307
NET BOOK VALUE
At 30 September 2024 337,533 19,614 357,147
At 30 September 2023 - 24,119 24,119

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,181 1,181

6. CURRENT ASSET INVESTMENTS
30.9.24 30.9.23
£    £   
Listed investments 541,611 541,611

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Tax 27,992 12,451
VAT 4,768 1,968
Accrued expenses 1,334 375
34,094 14,794

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Directors' loan accounts 252,000 -