IRIS Accounts Production v24.3.2.46 05165484 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh051654842023-06-30051654842024-06-30051654842023-07-012024-06-30051654842022-06-30051654842022-07-012023-06-30051654842023-06-3005165484ns15:EnglandWales2023-07-012024-06-3005165484ns14:PoundSterling2023-07-012024-06-3005165484ns10:Director12023-07-012024-06-3005165484ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3005165484ns10:SmallEntities2023-07-012024-06-3005165484ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3005165484ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3005165484ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3005165484ns10:FullAccounts2023-07-012024-06-300516548412023-07-012024-06-3005165484ns10:Director22023-07-012024-06-3005165484ns10:RegisteredOffice2023-07-012024-06-3005165484ns5:CurrentFinancialInstruments2024-06-3005165484ns5:CurrentFinancialInstruments2023-06-3005165484ns5:Non-currentFinancialInstruments2024-06-3005165484ns5:Non-currentFinancialInstruments2023-06-3005165484ns5:ShareCapital2024-06-3005165484ns5:ShareCapital2023-06-3005165484ns5:RetainedEarningsAccumulatedLosses2024-06-3005165484ns5:RetainedEarningsAccumulatedLosses2023-06-3005165484ns5:NetGoodwill2023-07-012024-06-3005165484ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3005165484ns5:PlantMachinery2023-07-012024-06-3005165484ns5:NetGoodwill2023-06-3005165484ns5:NetGoodwill2024-06-3005165484ns5:NetGoodwill2023-06-3005165484ns5:PlantMachinery2023-06-3005165484ns5:PlantMachinery2024-06-3005165484ns5:PlantMachinery2023-06-3005165484ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3005165484ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 05165484 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Paseec Ltd.

Paseec Ltd. (Registered number: 05165484)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Paseec Ltd.

Company Information
for the Year Ended 30 June 2024







DIRECTORS: P A Scammell
Mrs C A Scammell





REGISTERED OFFICE: Bank House
Southwick Square
Southwick
West Sussex
BN42 4FN





REGISTERED NUMBER: 05165484 (England and Wales)





ACCOUNTANT: P.A. Scammell
Accountant
Bank House
Southwick Square
Southwick
West Sussex
BN42 4FN

Paseec Ltd. (Registered number: 05165484)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,280 20,160
Tangible assets 5 732 456
18,012 20,616

CURRENT ASSETS
Debtors 6 6,141 4,269
Cash at bank 15,735 17,523
21,876 21,792
CREDITORS
Amounts falling due within one year 7 34,872 32,324
NET CURRENT LIABILITIES (12,996 ) (10,532 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,016

10,084

CREDITORS
Amounts falling due after more than one
year

8

4,584

9,584
NET ASSETS 432 500

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 332 400
SHAREHOLDERS' FUNDS 432 500

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

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

The directors acknowledge their 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.

Paseec Ltd. (Registered number: 05165484)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:





Mrs C A Scammell - Director


Paseec Ltd. (Registered number: 05165484)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Paseec Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Paseec Ltd. (Registered number: 05165484)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 72,000
AMORTISATION
At 1 July 2023 51,840
Charge for year 2,880
At 30 June 2024 54,720
NET BOOK VALUE
At 30 June 2024 17,280
At 30 June 2023 20,160

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 3,775
Additions 1,097
Disposals (1,867 )
At 30 June 2024 3,005
DEPRECIATION
At 1 July 2023 3,319
Charge for year 821
Eliminated on disposal (1,867 )
At 30 June 2024 2,273
NET BOOK VALUE
At 30 June 2024 732
At 30 June 2023 456

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 6,141 4,269

Paseec Ltd. (Registered number: 05165484)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 5,000 5,000
Taxation and social security 15,390 10,952
Other creditors 14,482 16,372
34,872 32,324

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 4,584 9,584