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Registered Number: 11171918
England and Wales

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 31 January 2024

for

PAYMART LTD

 
 
 
£
2024
£
   
£
2023
£
Fixed assets 4,358  5,590 
Current assets 3,251  12,094 
Creditors: amount falling due within one year (10,689) (14,075)
Net current assets (7,438) (1,981)
Total assets less current liabilities (3,080) 3,609 
Accrued liabilities (532)
Net assets (3,612) 3,609 
 
Capital and reserves (3,612) 3,609 
 
  1. For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Branislav Beer
Director

Date approved: 29 January 2025
1
Statutory Information
PAYMART LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 11171918, registration address 117 Dover House Road, London, United Kingdom, SW15 5AD, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles20 % Reducing Balance
Computer Equipment25 % Reducing Balance
2.

Tangible fixed assets

Cost or Valuation Motor Vehicles   Computer Equipment   Total
  £   £   £
At 01 February 2023 12,998    5,913    18,911 
Additions    
Disposals    
At 31 January 2024 12,998    5,913    18,911 
Depreciation
At 01 February 2023 9,671    3,650    13,321 
Charge for year 666    566    1,232 
On disposals    
At 31 January 2024 10,337    4,216    14,553 
Net book values
Closing balance as at 31 January 2024 2,661    1,697    4,358 
Opening balance as at 01 February 2023 3,327    2,263    5,590 

3.

Average number of employees

Average number of employees during the year was 1  (2023: 1).
2