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Registered number: 14066009
Paytient Payments Limited
Unaudited Financial Statements
For the Period 1 May 2023 to 30 June 2024
Starfish Accounting Ltd
ICAEW
The Bowler Barn
Bartletts Court
Littlewick Green
Berkshire
SL6 3RX
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14066009
30 June 2024 30 April 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 2,700 1
Cash at bank and in hand 28 -
2,728 1
Creditors: Amounts Falling Due Within One Year 5 (2,019 ) -
NET CURRENT ASSETS (LIABILITIES) 709 1
TOTAL ASSETS LESS CURRENT LIABILITIES 709 1
NET ASSETS 709 1
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 708 -
SHAREHOLDERS' FUNDS 709 1
For the period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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
Ruairi Gough
Director
26/11/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Paytient Payments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14066009 . The registered office is 16 Brian Mc Carter Gardens, Costessey, Norwich, NR8 5GY.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.4. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2023: NIL)
- -
4. Debtors
30 June 2024 30 April 2023
£ £
Due within one year
Other debtors 2,700 1
5. Creditors: Amounts Falling Due Within One Year
30 June 2024 30 April 2023
£ £
Trade creditors 674 -
Other creditors 358 -
Taxation and social security 987 -
2,019 -
Page 2
Page 3
6. Share Capital
30 June 2024 30 April 2023
£ £
Allotted, Called up and fully paid 1 1
7. Ultimate Controlling Party
The company's ultimate controlling party is Ruairi Gough by virtue of his ownership of 100% of the issued share capital in the company.
Page 3