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REGISTERED NUMBER: 08382914 (England and Wales)















PAJATEC LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






PAJATEC LIMITED (REGISTERED NUMBER: 08382914)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PAJATEC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: P P Smith
Mrs J Smith



REGISTERED OFFICE: Hantex
Eauyke
Friskney
Boston
Lincolnshire
PE22 8NL



REGISTERED NUMBER: 08382914 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
27-29 Lumley Avenue
Skegness
Lincolnshire
PE25 2AT



BANKERS: National Westminster Bank Plc
97 Lumley Road
Skegness
Lincolnshire
PE25 3LY

PAJATEC LIMITED (REGISTERED NUMBER: 08382914)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 135,139 -

CURRENT ASSETS
Debtors 5 8,322 7,208
Cash at bank 1,143 28
9,465 7,236
CREDITORS
Amounts falling due within one year 6 3,468 7,143
NET CURRENT ASSETS 5,997 93
TOTAL ASSETS LESS CURRENT LIABILITIES 141,136 93

CREDITORS
Amounts falling due after more than one year 7 141,222 -
NET (LIABILITIES)/ASSETS (86 ) 93

CAPITAL AND RESERVES
Called up share capital 126 126
Retained earnings (212 ) (33 )
SHAREHOLDERS' FUNDS (86 ) 93

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:





Mrs J Smith - Director


PAJATEC LIMITED (REGISTERED NUMBER: 08382914)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Pajatec 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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost

Tangible fixed assets are held at cost, less accumulated depreciation and impairment.

Included in cost of land and building is freehold land of £35,000 which is not depreciated.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Going concern
The directors have assessed going concern and are satisfied, that with continued support from the directors which they are happy to provide, going concern is appropriate.

3. EMPLOYEES AND DIRECTORS

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

PAJATEC LIMITED (REGISTERED NUMBER: 08382914)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
Additions 137,183
At 31 August 2024 137,183
DEPRECIATION
Charge for year 2,044
At 31 August 2024 2,044
NET BOOK VALUE
At 31 August 2024 135,139

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 8,322 7,208

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other creditors 3,468 7,143

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Other creditors 141,222 -

8. RELATED PARTY DISCLOSURES

The directors have provided the company with a loan at market rates of £143,720 (2023 £6,233)