Company Registration No. 14538481 (England and Wales)
PAYFUTURE SOFTWARE LIMITED
Unaudited accounts
for the period from 13 December 2022 to 31 May 2024
PAYFUTURE SOFTWARE LIMITED
Unaudited accounts
Contents
PAYFUTURE SOFTWARE LIMITED
Company Information
for the period from 13 December 2022 to 31 May 2024
Directors
Mr Manpreet Singh Haer
Ms Roxanna Tabassum Bashir
Mr Ramon Montebello
Company Number
14538481 (England and Wales)
Registered Office
C/O BENISON SOLVERS LIMITED 1000 GREAT W
BRENTFORD
MIDDLESEX
TW8 9DW
UNITED KINGDOM
PAYFUTURE SOFTWARE LIMITED
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
181,388
Creditors: amounts falling due within one year
(962,835)
Called up share capital
100
For the period ending 31 May 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.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
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 13 December 2024 and were signed on its behalf by
Mr Manpreet Singh Haer
Director
Company Registration No. 14538481
PAYFUTURE SOFTWARE LIMITED
Notes to the Accounts
for the period from 13 December 2022 to 31 May 2024
PAYFUTURE SOFTWARE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14538481. The registered office is C/O BENISON SOLVERS LIMITED 1000 GREAT W, BRENTFORD, MIDDLESEX, TW8 9DW, UNITED KINGDOM.
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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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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Transactions with related parties
Amounts Included in Other Creditors:
£27,275 is owed to PF Partners, where Mr. Manpreet Singh Haer is a managing partner.
Amounts Included in Other Debtors:
£18,710 due from Processing Opportunities Ltd.
£128,584 due from Payfuture Ltd.
£3,225 due from Payfuture Technologies LLC (UAE).
£83,626 due from Payfuture MT Ltd (Malta).
Mr. Manpreet Singh Haer is a common director in all the above entities.
Details of Transactions with Related Parties
The main business conducted with the associate entities was the provision of support services. These services were received during the year to provide services to customers on the Gateway technology platform:
Processing Opportunities Ltd: £1,207,749.
PF Partners: £920,833.
Payfuture Technologies LLC (UAE): £914,196.
Payfuture MT Ltd (Malta): £428,931.
All transactions with related parties were conducted on an arm's length basis and are in the normal course of business.
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Average number of employees
During the period the average number of employees was 0.