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REGISTERED NUMBER: 09933813 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PAYCAPTAIN PAYROLL SOLUTIONS LIMITED

PAYCAPTAIN PAYROLL SOLUTIONS LIMITED (REGISTERED NUMBER: 09933813)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PAYCAPTAIN PAYROLL SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: S G Bocca
S Hall





REGISTERED OFFICE: Royalty House
72-74 Dean Street
Westminster
London
W1D 3SG





REGISTERED NUMBER: 09933813 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

PAYCAPTAIN PAYROLL SOLUTIONS LIMITED (REGISTERED NUMBER: 09933813)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Intangible assets 4 212,963 46,580
Tangible assets 5 19,709 13,090
232,672 59,670

CURRENT ASSETS
Debtors 6 376,309 197,969
Cash at bank 56,856 98,073
433,165 296,042
CREDITORS
Amounts falling due within one year 7 635,401 490,686
NET CURRENT LIABILITIES (202,236 ) (194,644 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,436

(134,974

)

CREDITORS
Amounts falling due after more than one
year

8

50,000

50,000
NET LIABILITIES (19,564 ) (184,974 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Share premium 883,900 883,900
Retained earnings (903,465 ) (1,068,875 )
SHAREHOLDERS' FUNDS (19,564 ) (184,974 )

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.

PAYCAPTAIN PAYROLL SOLUTIONS LIMITED (REGISTERED NUMBER: 09933813)

BALANCE SHEET - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2025 and were signed on its behalf by:





S G Bocca - Director


PAYCAPTAIN PAYROLL SOLUTIONS LIMITED (REGISTERED NUMBER: 09933813)

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


1. STATUTORY INFORMATION

Paycaptain Payroll Solutions 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.

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.

Patents & trademarks are being amortised evenly over their estimated useful life of ten years.

Software costs are being amortised evenly over their estimated useful life of five years.

Website development costs is being amortised evenly over its estimated useful life of five years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 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.

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.

GOING CONCERN
At the time of approving the financial statements, the directors have a reasonable expectation that the
company has adequate resources to continue in operational existence for the foreseeable future. Thus
the directors continue to adopt the going concern basis of accounting in preparing the financial
statements.

PAYCAPTAIN PAYROLL SOLUTIONS LIMITED (REGISTERED NUMBER: 09933813)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 January 2024 72,403
Additions 179,432
At 31 December 2024 251,835
AMORTISATION
At 1 January 2024 25,823
Charge for year 13,049
At 31 December 2024 38,872
NET BOOK VALUE
At 31 December 2024 212,963
At 31 December 2023 46,580

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 January 2024 3,447 18,469 21,916
Additions - 11,570 11,570
At 31 December 2024 3,447 30,039 33,486
DEPRECIATION
At 1 January 2024 2,300 6,526 8,826
Charge for year 287 4,664 4,951
At 31 December 2024 2,587 11,190 13,777
NET BOOK VALUE
At 31 December 2024 860 18,849 19,709
At 31 December 2023 1,147 11,943 13,090

PAYCAPTAIN PAYROLL SOLUTIONS LIMITED (REGISTERED NUMBER: 09933813)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 297,779 174,451
Other debtors 78,530 23,518
376,309 197,969

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 34,172 9,607
Taxation and social security 172,084 89,693
Other creditors 429,145 391,386
635,401 490,686

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Other creditors 50,000 50,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
120,000 Ordinary 0.00001 1 1