IRIS Accounts Production v24.3.2.46 05817675 Board of Directors Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058176752023-12-31058176752024-12-31058176752024-01-012024-12-31058176752022-12-31058176752023-01-012023-12-31058176752023-12-3105817675ns15:EnglandWales2024-01-012024-12-3105817675ns14:PoundSterling2024-01-012024-12-3105817675ns10:Director12024-01-012024-12-3105817675ns10:Director22024-01-012024-12-3105817675ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3105817675ns10:SmallEntities2024-01-012024-12-3105817675ns10:AuditExemptWithAccountantsReport2024-01-012024-12-3105817675ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3105817675ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3105817675ns10:FullAccounts2024-01-012024-12-3105817675ns10:RegisteredOffice2024-01-012024-12-3105817675ns5:CurrentFinancialInstruments2024-12-3105817675ns5:CurrentFinancialInstruments2023-12-3105817675ns5:Non-currentFinancialInstruments2024-12-3105817675ns5:Non-currentFinancialInstruments2023-12-3105817675ns5:ShareCapital2024-12-3105817675ns5:ShareCapital2023-12-3105817675ns5:RetainedEarningsAccumulatedLosses2024-12-3105817675ns5:RetainedEarningsAccumulatedLosses2023-12-3105817675ns5:PlantMachinery2024-01-012024-12-3105817675ns5:FurnitureFittings2024-01-012024-12-3105817675ns5:MotorVehicles2024-01-012024-12-3105817675ns5:ComputerEquipment2024-01-012024-12-3105817675ns5:PlantMachinery2023-12-3105817675ns5:FurnitureFittings2023-12-3105817675ns5:MotorVehicles2023-12-3105817675ns5:ComputerEquipment2023-12-3105817675ns5:PlantMachinery2024-12-3105817675ns5:FurnitureFittings2024-12-3105817675ns5:MotorVehicles2024-12-3105817675ns5:ComputerEquipment2024-12-3105817675ns5:PlantMachinery2023-12-3105817675ns5:FurnitureFittings2023-12-3105817675ns5:MotorVehicles2023-12-3105817675ns5:ComputerEquipment2023-12-3105817675ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3105817675ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 05817675 (England and Wales)














Pavemac Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024






Pavemac Limited (Registered number: 05817675)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 5


Pavemac Limited

Company Information
for the Year Ended 31 December 2024







Directors: G Shaw
A M Edwards





Registered office: Eastwood End
Wimblington
March
Cambridgeshire
PE15 0QH





Registered number: 05817675 (England and Wales)





Accountants: Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Pavemac Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pavemac Limited for the year ended 31 December 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Pavemac Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pavemac Limited and state those matters that we have agreed to state to the Board of Directors of Pavemac Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pavemac Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pavemac Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pavemac Limited. You consider that Pavemac Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pavemac Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD


2 April 2025

Pavemac Limited (Registered number: 05817675)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 41,483 25,394

Current assets
Stocks 300,312 761,942
Debtors 6 439,034 182,928
Cash at bank and in hand 494,135 155,460
1,233,481 1,100,330
Creditors
Amounts falling due within one year 7 783,035 546,312
Net current assets 450,446 554,018
Total assets less current liabilities 491,929 579,412

Creditors
Amounts falling due after more than one
year

8

-

(200,000

)

Provisions for liabilities (76,261 ) (19,431 )
Net assets 415,668 359,981

Capital and reserves
Called up share capital 1,144 1,144
Retained earnings 414,524 358,837
Shareholders' funds 415,668 359,981

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Pavemac Limited (Registered number: 05817675)

Statement of Financial Position - continued
31 December 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by:




A M Edwards - Director



G Shaw - Director


Pavemac Limited (Registered number: 05817675)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. Statutory information

Pavemac 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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.

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 - 25% on a straight line basis
Fixtures and fittings - 25% on a straight line basis and 20% on a straight line basis
Motor vehicles - 25% on a straight line basis
Computer equipment - 20% on a straight line basis

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


Pavemac Limited (Registered number: 05817675)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


3. Accounting policies - continued
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.

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.

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.

4. Employees and directors

The average number of employees during the year was 12 (2023 - 8 ) .

5. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 January 2024 71,153 46,750 67,323 51,201 236,427
Additions 7,146 230 52,005 - 59,381
Disposals - - (54,008 ) - (54,008 )
At 31 December 2024 78,299 46,980 65,320 51,201 241,800
Depreciation
At 1 January 2024 62,814 46,750 52,834 48,635 211,033
Charge for year 4,001 53 14,845 1,846 20,745
Eliminated on disposal - - (31,461 ) - (31,461 )
At 31 December 2024 66,815 46,803 36,218 50,481 200,317
Net book value
At 31 December 2024 11,484 177 29,102 720 41,483
At 31 December 2023 8,339 - 14,489 2,566 25,394

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 340,910 87,296
Other debtors 98,124 95,632
439,034 182,928

Pavemac Limited (Registered number: 05817675)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 60,138 339,969
Tax 20,957 6,176
Social security and other taxes 14,380 9,746
VAT 210,296 50,744
Other creditors 2,363 1,638
Accruals and deferred income 474,901 138,039
783,035 546,312

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Other creditors - 200,000

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Other creditors - 200,000