PASSCO C.I.C.

Company limited by guarantee

Company Registration Number:
04570623 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

PASSCO C.I.C.

Contents of the Financial Statements

for the Period Ended 30 June 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

PASSCO C.I.C.

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal activities of the company

Principal activity of the company during the financial year was of other professional, scientific and technical activities not elsewhere classified.



Directors

The directors shown below have held office during the whole of the period from
1 July 2023 to 30 June 2024

Andrew Gordon Christian Chevis
Peter Michael Barlow
James Michael Lowman
Wesley Howard Himes


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 February 2025

And signed on behalf of the board by:
Name: Peter Michael Barlow
Status: Director

PASSCO C.I.C.

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 5,000 5,000
Cash at bank and in hand: 52,554 29,414
Total current assets: 57,554 34,414
Creditors: amounts falling due within one year: 4 ( 5,952 ) ( 1,528 )
Net current assets (liabilities): 51,602 32,886
Total assets less current liabilities: 51,602 32,886
Total net assets (liabilities): 51,602 32,886
Members' funds
Profit and loss account: 51,602 32,886
Total members' funds: 51,602 32,886

The notes form part of these financial statements

PASSCO C.I.C.

Balance sheet statements

For the year ending 30 June 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 20 February 2025
and signed on behalf of the board by:

Name: Peter Michael Barlow
Status: Director

The notes form part of these financial statements

PASSCO C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 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

    Turnover policy

    Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

    Other accounting policies

    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 directors who have 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. Website cost : Planning and operating costs for the company's website are charged to the profit and loss account as incurred.

PASSCO C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

PASSCO C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Debtors

2024 2023
£ £
Other debtors 5,000 5,000
Total 5,000 5,000

PASSCO C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 4,390
Accruals and deferred income 479
Other creditors 1,083 1,528
Total 5,952 1,528

COMMUNITY INTEREST ANNUAL REPORT

PASSCO C.I.C.

Company Number: 04570623 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

The principal activity during the year was to provide sellers of age restricted products with a system by which to recognise the validity of a proof of age card. The scheme provides standards and criteria for a proof of age card operator to meet.

Consultation with stakeholders

The company’s stakeholders are various operators in the licensed hospitality and local communities. The directors of the company have worked within the hospitality industry for a number of years and developed the proof of age card based on their experience of working with operators, other sellers of age restricted products and producers of alcoholic drinks.

Directors' remuneration

The aggregate number of emoluments paid to or received to directors in respect of qualifying services was £10,000. There was no other transactions or arrangements in connection with the remuneration of director, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
20 February 2025

And signed on behalf of the board by:
Name: Peter Michael Barlow
Status: Director