2023-11-012024-10-312024-10-31false03856967PAYMAN.CO.UK LTD2025-05-14falseiso4217:GBPxbrli:pure038569672023-11-01038569672024-10-31038569672023-11-012024-10-31038569672022-11-01038569672023-10-31038569672022-11-012023-10-3103856967bus:SmallEntities2023-11-012024-10-3103856967bus:AuditExempt-NoAccountantsReport2023-11-012024-10-3103856967bus:FullAccounts2023-11-012024-10-3103856967bus:PrivateLimitedCompanyLtd2023-11-012024-10-3103856967core:WithinOneYear2024-10-3103856967core:AfterOneYear2024-10-3103856967core:WithinOneYear2023-10-3103856967core:AfterOneYear2023-10-3103856967core:ShareCapital2024-10-3103856967core:SharePremium2024-10-3103856967core:RevaluationReserve2024-10-3103856967core:OtherReservesSubtotal2024-10-3103856967core:RetainedEarningsAccumulatedLosses2024-10-3103856967core:ShareCapital2023-10-3103856967core:SharePremium2023-10-3103856967core:RevaluationReserve2023-10-3103856967core:OtherReservesSubtotal2023-10-3103856967core:RetainedEarningsAccumulatedLosses2023-10-3103856967core:LandBuildings2024-10-3103856967core:PlantMachinery2024-10-3103856967core:Vehicles2024-10-3103856967core:FurnitureFittings2024-10-3103856967core:OfficeEquipment2024-10-3103856967core:NetGoodwill2024-10-3103856967core:IntangibleAssetsOtherThanGoodwill2024-10-3103856967core:ListedExchangeTraded2024-10-3103856967core:UnlistedNon-exchangeTraded2024-10-3103856967core:LandBuildings2023-10-3103856967core:PlantMachinery2023-10-3103856967core:Vehicles2023-10-3103856967core:FurnitureFittings2023-10-3103856967core:OfficeEquipment2023-10-3103856967core:NetGoodwill2023-10-3103856967core:IntangibleAssetsOtherThanGoodwill2023-10-3103856967core:ListedExchangeTraded2023-10-3103856967core:UnlistedNon-exchangeTraded2023-10-3103856967core:LandBuildings2023-11-012024-10-3103856967core:PlantMachinery2023-11-012024-10-3103856967core:Vehicles2023-11-012024-10-3103856967core:FurnitureFittings2023-11-012024-10-3103856967core:OfficeEquipment2023-11-012024-10-3103856967core:NetGoodwill2023-11-012024-10-3103856967core:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-3103856967core:ListedExchangeTraded2023-11-012024-10-3103856967core:UnlistedNon-exchangeTraded2023-11-012024-10-3103856967core:MoreThanFiveYears2023-11-012024-10-3103856967core:Non-currentFinancialInstruments2024-10-3103856967core:Non-currentFinancialInstruments2023-10-3103856967dpl:CostSales2023-11-012024-10-3103856967dpl:DistributionCosts2023-11-012024-10-3103856967core:LandBuildings2023-11-012024-10-3103856967core:PlantMachinery2023-11-012024-10-3103856967core:Vehicles2023-11-012024-10-3103856967core:FurnitureFittings2023-11-012024-10-3103856967core:OfficeEquipment2023-11-012024-10-3103856967dpl:AdministrativeExpenses2023-11-012024-10-3103856967core:NetGoodwill2023-11-012024-10-3103856967core:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-3103856967dpl:GroupUndertakings2023-11-012024-10-3103856967dpl:ParticipatingInterests2023-11-012024-10-3103856967dpl:GroupUndertakingscore:ListedExchangeTraded2023-11-012024-10-3103856967core:ListedExchangeTraded2023-11-012024-10-3103856967dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-11-012024-10-3103856967core:UnlistedNon-exchangeTraded2023-11-012024-10-3103856967dpl:CostSales2022-11-012023-10-3103856967dpl:DistributionCosts2022-11-012023-10-3103856967core:LandBuildings2022-11-012023-10-3103856967core:PlantMachinery2022-11-012023-10-3103856967core:Vehicles2022-11-012023-10-3103856967core:FurnitureFittings2022-11-012023-10-3103856967core:OfficeEquipment2022-11-012023-10-3103856967dpl:AdministrativeExpenses2022-11-012023-10-3103856967core:NetGoodwill2022-11-012023-10-3103856967core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3103856967dpl:GroupUndertakings2022-11-012023-10-3103856967dpl:ParticipatingInterests2022-11-012023-10-3103856967dpl:GroupUndertakingscore:ListedExchangeTraded2022-11-012023-10-3103856967core:ListedExchangeTraded2022-11-012023-10-3103856967dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-11-012023-10-3103856967core:UnlistedNon-exchangeTraded2022-11-012023-10-3103856967core:NetGoodwill2024-10-3103856967core:IntangibleAssetsOtherThanGoodwill2024-10-3103856967core:LandBuildings2024-10-3103856967core:PlantMachinery2024-10-3103856967core:Vehicles2024-10-3103856967core:FurnitureFittings2024-10-3103856967core:OfficeEquipment2024-10-3103856967core:AfterOneYear2024-10-3103856967core:WithinOneYear2024-10-3103856967core:ListedExchangeTraded2024-10-3103856967core:UnlistedNon-exchangeTraded2024-10-3103856967core:ShareCapital2024-10-3103856967core:SharePremium2024-10-3103856967core:RevaluationReserve2024-10-3103856967core:OtherReservesSubtotal2024-10-3103856967core:RetainedEarningsAccumulatedLosses2024-10-3103856967core:NetGoodwill2023-10-3103856967core:IntangibleAssetsOtherThanGoodwill2023-10-3103856967core:LandBuildings2023-10-3103856967core:PlantMachinery2023-10-3103856967core:Vehicles2023-10-3103856967core:FurnitureFittings2023-10-3103856967core:OfficeEquipment2023-10-3103856967core:AfterOneYear2023-10-3103856967core:WithinOneYear2023-10-3103856967core:ListedExchangeTraded2023-10-3103856967core:UnlistedNon-exchangeTraded2023-10-3103856967core:ShareCapital2023-10-3103856967core:SharePremium2023-10-3103856967core:RevaluationReserve2023-10-3103856967core:OtherReservesSubtotal2023-10-3103856967core:RetainedEarningsAccumulatedLosses2023-10-3103856967core:NetGoodwill2022-11-0103856967core:IntangibleAssetsOtherThanGoodwill2022-11-0103856967core:LandBuildings2022-11-0103856967core:PlantMachinery2022-11-0103856967core:Vehicles2022-11-0103856967core:FurnitureFittings2022-11-0103856967core:OfficeEquipment2022-11-0103856967core:AfterOneYear2022-11-0103856967core:WithinOneYear2022-11-0103856967core:ListedExchangeTraded2022-11-0103856967core:UnlistedNon-exchangeTraded2022-11-0103856967core:ShareCapital2022-11-0103856967core:SharePremium2022-11-0103856967core:RevaluationReserve2022-11-0103856967core:OtherReservesSubtotal2022-11-0103856967core:RetainedEarningsAccumulatedLosses2022-11-0103856967core:AfterOneYear2023-11-012024-10-3103856967core:WithinOneYear2023-11-012024-10-3103856967core:Non-currentFinancialInstrumentscore:CostValuation2023-11-012024-10-3103856967core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-11-012024-10-3103856967core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-11-012024-10-3103856967core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-11-012024-10-3103856967core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-11-012024-10-3103856967core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-11-012024-10-3103856967core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-11-012024-10-3103856967core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-11-012024-10-3103856967core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-11-012024-10-3103856967core:Non-currentFinancialInstrumentscore:CostValuation2024-10-3103856967core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-10-3103856967core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-10-3103856967core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-10-3103856967core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-10-3103856967core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-10-3103856967core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-10-3103856967core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-10-3103856967core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-10-3103856967core:Non-currentFinancialInstrumentscore:CostValuation2023-10-3103856967core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-10-3103856967core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-10-3103856967core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-10-3103856967core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-10-3103856967core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-10-3103856967core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-10-3103856967core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-10-3103856967core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-10-3103856967bus:Director12023-11-012024-10-3103856967bus:Director22023-11-012024-10-3103856967core:FurnitureFittingsToolsEquipment2023-10-3103856967core:FurnitureFittingsToolsEquipment2023-11-012024-10-3103856967core:FurnitureFittingsToolsEquipment2024-10-31

PAYMAN.CO.UK LTD

Registered Number
03856967
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

PAYMAN.CO.UK LTD
Company Information
for the year from 1 November 2023 to 31 October 2024

Directors

PARSONS, Craig Stuart
PARSONS, Graham George

Company Secretary

PARSONS, Craig Stuart

Registered Address

Payman.Co.Uk Ltd
Manor Furlong
Frome
BA11 4RJ

Registered Number

03856967 (England and Wales)
PAYMAN.CO.UK LTD
Statement of Financial Position
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets311,1119,819
11,1119,819
Current assets
Debtors434,67624,831
Cash at bank and on hand5,6044,043
40,28028,874
Creditors amounts falling due within one year5(27,198)(18,774)
Net current assets (liabilities)13,08210,100
Total assets less current liabilities24,19319,919
Net assets24,19319,919
Capital and reserves
Called up share capital950950
Profit and loss account23,24318,969
Shareholders' funds24,19319,919
The financial statements were approved and authorised for issue by the Board of Directors on 14 May 2025, and are signed on its behalf by:
PARSONS, Craig Stuart
Director
Registered Company No. 03856967
PAYMAN.CO.UK LTD
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20242023
Average number of employees during the year33
3.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 November 2340,21340,213
Additions4,9954,995
At 31 October 2445,20845,208
Depreciation and impairment
At 01 November 2330,39430,394
Charge for year3,7033,703
At 31 October 2434,09734,097
Net book value
At 31 October 2411,11111,111
At 31 October 239,8199,819
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables34,67624,831
Total34,67624,831
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables4,7356,325
Taxation and social security22,04812,131
Other creditors24-
Accrued liabilities and deferred income391318
Total27,19818,774