Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-318No description of principal activityfalse2023-04-018falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06849879 2023-04-01 2024-03-31 06849879 2022-04-01 2023-03-31 06849879 2024-03-31 06849879 2023-03-31 06849879 c:Director1 2023-04-01 2024-03-31 06849879 d:CurrentFinancialInstruments 2024-03-31 06849879 d:CurrentFinancialInstruments 2023-03-31 06849879 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06849879 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06849879 d:ShareCapital 2024-03-31 06849879 d:ShareCapital 2023-03-31 06849879 d:RetainedEarningsAccumulatedLosses 2024-03-31 06849879 d:RetainedEarningsAccumulatedLosses 2023-03-31 06849879 c:FRS102 2023-04-01 2024-03-31 06849879 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06849879 c:FullAccounts 2023-04-01 2024-03-31 06849879 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06849879 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 06849879









PATHFINDER GTM LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
PATHFINDER GTM LIMITED
REGISTERED NUMBER: 06849879

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
63,581
92,943

Debtors: amounts falling due within one year
 4 
371,140
395,791

Cash at bank and in hand
 5 
77,239
23,945

  
511,960
512,679

Creditors: amounts falling due within one year
 6 
(141,068)
(157,314)

Net current assets
  
 
 
370,892
 
 
355,365

Total assets less current liabilities
  
370,892
355,365

  

Net assets
  
370,892
355,365


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
370,792
355,265

  
370,892
355,365


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
PATHFINDER GTM LIMITED
REGISTERED NUMBER: 06849879
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
K G Webb
Director

Date: 2 December 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PATHFINDER GTM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Pathfinder GTM Limited is a company limited by shares incorporated in the United Kingdom. The address of the registered office is First Floor, Radius House, 51 Clarendon Road, Watford, Hertfordshire, WD17 1HP. 
The principal activity of the company was the purchase and sale of sim cards and mobile phones.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. 
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
PATHFINDER GTM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
PATHFINDER GTM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 8).


4.


Debtors

2024
2023
£
£


Trade debtors
136,663
35,637

Other debtors
232,594
358,231

Prepayments and accrued income
1,883
1,923

371,140
395,791



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
77,239
23,945

77,239
23,945



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
66,594
17,284

Corporation tax
4,764
3,341

Other taxation and social security
41,718
38,515

Other creditors
16,992
4,173

Accruals and deferred income
11,000
94,001

141,068
157,314



7.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held seperately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £4,121 (2023: £3,971). Contributions totalling £878 (2023: £805) were payable to the fund at the balance sheet date and are included in creditors.

Page 5

 
PATHFINDER GTM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Related party transactions

At the balance sheet date the company were due £1,713 (2023: £2,154) from the director. This amount was subsequently repaid post year end. 

 
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