PABSCO LIMITED

Company Registration Number:
03185222 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

PABSCO LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

PABSCO LIMITED

Company Information

for the Period Ended 31 December 2024




Director: Jayne Letch
Secretary: Colin Brown
Registered office: 98
High Street
Horsell
Woking
Surrey
GU21 4SU
Company Registration Number: 03185222 (England and Wales)

PABSCO LIMITED

Profit and Loss Account

for the Period Ended 31 December 2024


Notes

2024
£

2023
£
Turnover 162,112 152,804
Cost of sales ( 58,597 ) ( 51,374 )
Gross Profit or (Loss) 103,515 101,430
Administrative Expenses ( 43,681 ) ( 50,856 )
Operating Profit or (Loss) 59,834 50,574
Interest Receivable and Similar Income 58 46
Profit or (Loss) Before Tax 59,892 50,620
Tax on Profit ( 11,920 ) ( 9,295 )
Profit or (Loss) for Period 47,972 41,325

The notes form part of these financial statements

PABSCO LIMITED

Balance sheet

As at 31 December 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 3,384 2,623
Total fixed assets: 3,384 2,623
Current assets
Debtors: 5 22,763 21,251
Cash at bank and in hand: 7,758 3,363
Total current assets: 30,521 24,614
Creditors: amounts falling due within one year: 6 ( 33,421 ) ( 26,839 )
Net current assets (liabilities): ( 2,900 ) ( 2,225 )
Total assets less current liabilities: 484 398
Total net assets (liabilities): 484 398

The notes form part of these financial statements

PABSCO LIMITED

Balance sheet continued

As at 31 December 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 200 200
Profit and loss account: 284 198
Shareholders funds: 484 398

For the year ending 31 December 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 5 January 2025
And Signed On Behalf Of The Board By:

Name: Jayne Letch
Status: Director

The notes form part of these financial statements

PABSCO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PABSCO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 4 5

PABSCO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 3. Off balance sheet disclosure

    No

PABSCO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible assets

Office equipment Total
Cost £ £
At 01 January 2024 7,836 7,836
Additions 1,719 1,719
Disposals ( 1,854 ) ( 1,854 )
Revaluations - -
Transfers - -
At 31 December 2024 7,701 7,701
Depreciation
At 01 January 2024 5,213 5,213
Charge for year 958 958
On disposals ( 1,854 ) ( 1,854 )
Other adjustments - -
At 31 December 2024 4,317 4,317
Net book value
At 31 December 2024 3,384 3,384
At 31 December 2023 2,623 2,623

PABSCO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Debtors


2024
£

2023
£
Trade debtors 21,409 19,920
Other debtors 1,354 1,331
Total 22,763 21,251

PABSCO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 157 47
Taxation and social security 21,264 14,792
Other creditors 12,000 12,000
Total 33,421 26,839