Company registration number 06622206 (England and Wales)
PAUL FASSAM GEOMATICS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
PAUL FASSAM GEOMATICS LIMITED
BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
- 1 -
2024
2023
as restated
£
£
£
£
Fixed assets
95,650
88,536
Current assets
17,896
89,834
Creditors: amounts falling due within one year
(115,452)
(129,167)
Net current liabilities
(97,556)
(39,333)
Total assets less current liabilities
(1,906)
49,203
Creditors: amounts falling due after more than one year
(56,423)
(72,000)
Net liabilities
(58,329)
(22,797)
Capital and reserves
(58,329)
(22,797)
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees

During the year the company made an unsecured advance to PD Fassam and VJ Fassam of £1,330, and charged interest of £638. The directors made combined repayments of £34,333 during the year against their brought forward balances of £34,333, with the remaining £1,968 being outstanding at the year-end which is included within current assets.

 

During the year the company made an unsecured advance to PJ Fassam of £70. The director made a repayment of £2,010 during the year against their brought forward balance of £2,010, with a remaining balance of £70 being outstanding at the year-end which is included within current assets.

 

Loans made to directors are repayable on demand with interest charged at the HMRC approved rate.

2
Financial commitments, guarantees and contingencies
Going concern

The financial statements have been prepared on a going concern basis notwithstanding that at 31 July 2024 the company had net current liabilities of £97,556 (2023: £39,333) and net liabilities of £58,329 (2023: £22,797).

 

The director has a reasonable expectation that the company will continue from 12 months after signing the balance sheet. The company relies on the ongoing support of the director and shareholder to continue as a going concern.

Secured debts

A fixed and floating charge over all assets in the form of a debenture exists on all liabilities due to HSBC.

 

Also included within other creditors are liabilities under a finance lease totalling £nil (2023 - £1,184) which was secured over motor vehicles held in fixed assets.

PAUL FASSAM GEOMATICS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2024
31 July 2024
- 2 -
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases of £15,367 (2023: £33,929). Included within total commitments are amounts in respect of leasehold property of £nil (2023 - £8,964).

3
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2024
2023
Number
Number
Employees
6
6
4
Change in accounting framework - FRS 105

On transition to FRS 105 the following items were restated:-

Deferred tax

Deferred tax has been derecognised.

 

The effect of the above was a decrease in reserves at 31 July 2023 of £22,339

Paul Fassam Geomatics Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor Salt Quay House, North East Quay, Sutton Harbour, Plymouth, Devon, United Kingdom, PL4 0BN.

For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

PAUL FASSAM GEOMATICS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2024
31 July 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 28 April 2025 and are signed on its behalf by:
Mr P D Fassam
Mrs V J Fassam
Director
Director
Mr P J Fassam
Director
Company registration number 06622206 (England and Wales)
2024-07-312023-08-01falsefalseCCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr P D FassamMrs V J FassamMr P J FassamMrs V J Fassamfalse066222062023-08-012024-07-31066222062024-07-31066222062023-07-3106622206core:CurrentFinancialInstrumentscore:WithinOneYear2024-07-3106622206core:CurrentFinancialInstrumentscore:WithinOneYear2023-07-3106622206core:Non-currentFinancialInstruments2024-07-3106622206core:Non-currentFinancialInstruments2023-07-31066222062022-08-012023-07-3106622206bus:Director12023-08-012024-07-3106622206bus:CompanySecretaryDirector12023-08-012024-07-3106622206bus:Director22023-08-012024-07-3106622206bus:PrivateLimitedCompanyLtd2023-08-012024-07-3106622206bus:SmallCompaniesRegimeForAccounts2023-08-012024-07-3106622206bus:Micro-entities2023-08-012024-07-3106622206bus:AuditExemptWithAccountantsReport2023-08-012024-07-3106622206bus:Director32023-08-012024-07-3106622206bus:CompanySecretary12023-08-012024-07-3106622206bus:FullAccounts2023-08-012024-07-31xbrli:purexbrli:sharesiso4217:GBP