Registered Number:04454034 |
For the year ended 30 June 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 June 2024
Paynelectrics Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Paynelectrics Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
9,563
13,008
2
9,563
13,008
2,000
3,250
3
Trade and other receivables |
54,745
43,184
4
54,129
Cash and cash equivalents |
62,971
109,405
110,874
Trade and other payables: amounts falling due within one year |
(39,611)
(35,551)
5
71,263
73,854
Net current assets
Total assets less current liabilities |
83,417
84,271
(2,471)
(2,865)
Provisions for liabilities |
80,946
Net assets
81,406
200
200
80,746
81,206
80,946
81,406
Shareholders' funds
For the year ended 30 June 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 of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Adam Ross Payne Director |
These financial statements were approved and authorised for issue by the Board on 26 March 2025 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 June 2024
Paynelectrics Limited
Notes to the Financial Statements
Statutory Information
Paynelectrics Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number |
04454034. |
53 Woodlands
Four Pools
Evesham
Worcestershire
WR14 1XH
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting |
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. |
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain |
assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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For the year ended 30 June 2024
Paynelectrics Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
86,126
3,273
3,192
72,481
7,180
72,481
3,192
3,273
86,126
7,180
Provision for depreciation and impairment |
73,118
2,292
3,053
61,507
6,266
Charge for year
3,445
490
28
2,744
183
76,563
2,782
3,081
64,251
6,449
731
8,230
111
491
9,563
914
10,974
139
981
13,008
2023
2024
3,250
2,000
4. Trade and other receivables |
2023
2024
41,158
54,745
Prepayments and accrued income |
2,026
-
54,745
43,184
5. Trade and other payables: amounts falling due within one year |
2023
2024
1
115
Taxation and social security |
26,475
20,110
9,075
19,386
35,551
39,611
6. Average number of persons employed |
During the year the average number of employees was 4.
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For the year ended 30 June 2024
Paynelectrics Limited
Notes to the Financial Statements Continued
The principal accounting polices applied in the preparation of the financial statements are set out above. These policies have |
been consistently applied to all the years presented, unless otherwise stated. No changes have arisen as a result of the |
transition to Section 1A of Financial Reporting Standard 102. |
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