IRIS Accounts Production v24.3.2.46 05838338 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:kWh058383382023-06-30058383382024-06-30058383382023-07-012024-06-30058383382022-06-30058383382022-07-012023-06-30058383382023-06-3005838338ns15:EnglandWales2023-07-012024-06-3005838338ns14:PoundSterling2023-07-012024-06-3005838338ns10:Director12023-07-012024-06-3005838338ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3005838338ns10:SmallEntities2023-07-012024-06-3005838338ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3005838338ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3005838338ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3005838338ns10:FullAccounts2023-07-012024-06-300583833812023-07-012024-06-3005838338ns10:Director22023-07-012024-06-3005838338ns10:CompanySecretary12023-07-012024-06-3005838338ns10:RegisteredOffice2023-07-012024-06-3005838338ns5:CurrentFinancialInstruments2024-06-3005838338ns5:CurrentFinancialInstruments2023-06-3005838338ns5:Non-currentFinancialInstruments2024-06-3005838338ns5:Non-currentFinancialInstruments2023-06-3005838338ns5:ShareCapital2024-06-3005838338ns5:ShareCapital2023-06-3005838338ns5:RetainedEarningsAccumulatedLosses2024-06-3005838338ns5:RetainedEarningsAccumulatedLosses2023-06-3005838338ns5:NetGoodwill2023-07-012024-06-3005838338ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3005838338ns5:FurnitureFittings2023-07-012024-06-3005838338ns5:MotorVehicles2023-07-012024-06-3005838338ns5:NetGoodwill2023-06-3005838338ns5:NetGoodwill2024-06-3005838338ns5:NetGoodwill2023-06-3005838338ns5:PlantMachinery2023-06-3005838338ns5:PlantMachinery2023-07-012024-06-3005838338ns5:PlantMachinery2024-06-3005838338ns5:PlantMachinery2023-06-3005838338ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3005838338ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3005838338ns10:Director222023-06-3005838338ns10:Director222022-06-3005838338ns10:Director222023-07-012024-06-3005838338ns10:Director222022-07-012023-06-3005838338ns10:Director222024-06-3005838338ns10:Director222023-06-30
REGISTERED NUMBER: 05838338 (England and Wales)















Unaudited Financial Statements For The Year Ended 30th June 2024

for

Paska Limited

Paska Limited (Registered number: 05838338)






Contents of the Financial Statements
For The Year Ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Paska Limited

Company Information
For The Year Ended 30th June 2024







DIRECTORS: P Midha
Mrs S Midha





SECRETARY: Mrs S Midha





REGISTERED OFFICE: 1st Floor
5 Century Court
Tolpits Lane
Watford
Hertfordshire
WD18 9PX





REGISTERED NUMBER: 05838338 (England and Wales)





ACCOUNTANTS: Dua & Co. Limited
1st Floor
5 Century Court
Tolpits Lane
Watford
Hertfordshire
WD18 9PX

Paska Limited (Registered number: 05838338)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 57,108 2,883
57,108 2,883

CURRENT ASSETS
Debtors 6 154,821 134,070
Cash at bank and in hand 81,863 87,436
236,684 221,506
CREDITORS
Amounts falling due within one year 7 32,059 19,363
NET CURRENT ASSETS 204,625 202,143
TOTAL ASSETS LESS CURRENT LIABILITIES 261,733 205,026

CREDITORS
Amounts falling due after more than one year 8 25,637 -
NET ASSETS 236,096 205,026

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 235,996 204,926
236,096 205,026

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

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 20th March 2025 and were signed on its behalf by:





Mrs S Midha - Director


Paska Limited (Registered number: 05838338)

Notes to the Financial Statements
For The Year Ended 30th June 2024

1. STATUTORY INFORMATION

Paska Limited 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 0, is being amortised evenly over its estimated useful life of nil 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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Paska Limited (Registered number: 05838338)

Notes to the Financial Statements - continued
For The Year Ended 30th June 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2023
and 30th June 2024 150,000
AMORTISATION
At 1st July 2023
and 30th June 2024 150,000
NET BOOK VALUE
At 30th June 2024 -
At 30th June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2023 10,386
Additions 60,529
At 30th June 2024 70,915
DEPRECIATION
At 1st July 2023 7,503
Charge for year 6,304
At 30th June 2024 13,807
NET BOOK VALUE
At 30th June 2024 57,108
At 30th June 2023 2,883

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,050 4,050
Amounts owed by group undertakings 92,840 90,970
Other debtors 57,931 39,050
154,821 134,070

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 9,323 -
Taxation and social security 17,546 15,563
Other creditors 5,190 3,800
32,059 19,363

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 25,637 -

Paska Limited (Registered number: 05838338)

Notes to the Financial Statements - continued
For The Year Ended 30th June 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th June 2024 and 30th June 2023:

2024 2023
£    £   
P Midha
Balance outstanding at start of year 23,452 46,452
Amounts advanced 19,382 -
Amounts repaid - (23,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 42,834 23,452