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REGISTERED NUMBER: 06985000 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024

FOR

PACE FIRE RISK ASSESSMENTS LIMITED

PACE FIRE RISK ASSESSMENTS LIMITED (REGISTERED NUMBER: 06985000)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PACE FIRE RISK ASSESSMENTS LIMITED

COMPANY INFORMATION
for the Year Ended 30th November 2024







DIRECTOR: Ms K Woodhead





REGISTERED OFFICE: 100 Barbirolli Square
Manchester
M2 3BD





REGISTERED NUMBER: 06985000 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

PACE FIRE RISK ASSESSMENTS LIMITED (REGISTERED NUMBER: 06985000)

BALANCE SHEET
30th November 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 15,316 2,888

CURRENT ASSETS
Debtors 5 137,651 363,135
Cash at bank 287,549 38,820
425,200 401,955
CREDITORS
Amounts falling due within one year 6 (393,206 ) (401,031 )
NET CURRENT ASSETS 31,994 924
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,310

3,812

CREDITORS
Amounts falling due after more than one year 7 (27,932 ) (33,761 )

PROVISIONS FOR LIABILITIES (2,349 ) -
NET ASSETS/(LIABILITIES) 17,029 (29,949 )

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 16,029 (30,949 )
SHAREHOLDERS' FUNDS 17,029 (29,949 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PACE FIRE RISK ASSESSMENTS LIMITED (REGISTERED NUMBER: 06985000)

BALANCE SHEET - continued
30th November 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14th March 2025 and were signed by:





Ms K Woodhead - Director


PACE FIRE RISK ASSESSMENTS LIMITED (REGISTERED NUMBER: 06985000)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th November 2024


1. STATUTORY INFORMATION

Pace Fire Risk Assessments Limited is a private company, limited by shares, registered in England and Wales, registration number 06985000. The address of the registered office is 100 Barbirolli Square, Manchester, M2 3BD. The principal place of business is Bryn Awel, Tanygrisiau, Blaenau Ffestiniog, Gwynedd, Wales, LL41 3TE.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

To be noted that the comparative period is not comparable given they were a 15 month set of accounts.

Turnover
Turnover represents amounts recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists of fire risk assessments, which are recognised at the point of which the services are provided in accordance with the stage of completion.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets are charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Fixtures and Fittings-25% reducing balance
Computer Equipment -25% reducing balance
Motor Vehicles -25% reducing balance

At each balance sheet date, the Company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


PACE FIRE RISK ASSESSMENTS LIMITED (REGISTERED NUMBER: 06985000)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th November 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Leasing commitments
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Pension costs and other post-retirement benefits
The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independent administered fund.

Differences between contributions payable in the period and contributions actually paid are shown as either accruals or prepayments in the balance sheet.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank. Bank borrowings are included in creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

PACE FIRE RISK ASSESSMENTS LIMITED (REGISTERED NUMBER: 06985000)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th November 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st December 2023 9,233 - 2,969 12,202
Additions 3,628 11,233 1,565 16,426
At 30th November 2024 12,861 11,233 4,534 28,628
DEPRECIATION
At 1st December 2023 8,001 - 1,313 9,314
Charge for year 1,519 1,725 754 3,998
At 30th November 2024 9,520 1,725 2,067 13,312
NET BOOK VALUE
At 30th November 2024 3,341 9,508 2,467 15,316
At 30th November 2023 1,232 - 1,656 2,888

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 131,590 352,261
Other debtors 6,061 10,874
137,651 363,135

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,829 5,685
Trade creditors 155,744 194,117
Taxation and social security 197,480 195,738
Other creditors 34,153 5,491
393,206 401,031

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 27,932 33,761

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,109 9,549

PACE FIRE RISK ASSESSMENTS LIMITED (REGISTERED NUMBER: 06985000)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th November 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
490 Ordinary A £1.00 490 490
490 Ordinary B £1.00 490 490
20 Ordinary C £1.00 20 20
1,000 1,000

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the reporting date, there is an amount due from the Director of £1,811 (2023: £6,624).