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Company Registration No. 07334100 (England and Wales)
PayZip Limited Unaudited accounts for the year ended 31 December 2024
PayZip Limited Unaudited accounts Contents
Page
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PayZip Limited Company Information for the year ended 31 December 2024
Directors
Simon Hodgkinson Jaymie Thomas Luke Berry Andrew Masters
Company Number
07334100 (England and Wales)
Registered Office
7 Banc yr Afon Gwaelod y Garth Cardiff CF15 9TU
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PayZip Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
(330)
- 
Cash at bank and in hand
5,988 
6,943 
5,658 
6,943 
Creditors: amounts falling due within one year
(210,886)
(211,829)
Net current liabilities
(205,228)
(204,886)
Net liabilities
(205,228)
(204,886)
Capital and reserves
Called up share capital
5,360 
5,360 
Profit and loss account
(210,588)
(210,246)
Shareholders' funds
(205,228)
(204,886)
For the year ending 31 December 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 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 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 of Directors and authorised for issue on 9 January 2025 and were signed on its behalf by
Simon Hodgkinson Director Company Registration No. 07334100
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PayZip Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
PayZip Limited is a private company, limited by shares, registered in England and Wales, registration number 07334100. The registered office is 7 Banc yr Afon, Gwaelod y Garth, Cardiff, CF15 9TU.
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.
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:
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
3,673 
6,451 
10,124 
At 31 December 2024
3,673 
6,451 
10,124 
Depreciation
At 1 January 2024
3,673 
6,451 
10,124 
At 31 December 2024
3,673 
6,451 
10,124 
Net book value
At 31 December 2024
- 
- 
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
(330)
- 
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PayZip Limited Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
611 
943 
Trade creditors
275 
372 
Other creditors
- 
514 
Loans from directors
210,000 
210,000 
210,886 
211,829 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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