Registered number
10477496
Paymentsave(UK) Limited
Filleted Accounts
30 November 2024
Paymentsave(UK) Limited
Registered number: 10477496
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 84,657 2,600
Current assets
Debtors 4 7,677 114,165
Cash at bank and in hand 290,461 473,323
298,138 587,488
Creditors: amounts falling due within one year 5 (325,742) (612,137)
Net current liabilities (27,604) (24,649)
Net assets/(liabilities) 57,053 (22,049)
Capital and reserves
Called up share capital 10 10
Profit and loss account 57,043 (22,059)
Shareholders' funds 57,053 (22,049)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sm Asaduzzaman Kanok
Director
Approved by the board on 21 May 2025
Paymentsave(UK) Limited
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
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
Turnover represents the total value of services provided during the year, excluding value added tax. Revenue is recognised when the significant risks and rewards of ownership have transferred to the customer, the amount can be measured reliably, and it is probable that future economic benefits will flow to the company.
Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, over their expected useful lives as follows:
Computer equipment and software 20% straight line
Fixtures, fittings, computer equipment 33% straight line
Debtors
Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Creditors
Creditors are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due can be measured reliably.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax. Current tax is based on taxable profit for the year. Deferred tax is recognised on all timing differences between accounting profit and taxable profit unless the deferred tax asset cannot be reliably measured.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
Leases are classified as operating leases.

The lease relates to a vehicle under an operating lease agreement. Lease payments per month are charged to profit and loss as incurred. The initial deposit has been treated as a prepayment and is being amortised over the lease term.
Pensions
The company operates a defined contribution pension scheme in compliance with the auto-enrolment obligations under the Pensions Act 2008. Contributions are made to a registered workplace pension scheme on behalf of eligible employees. The assets of the scheme are held separately from those of the company in independently administered funds.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 22 24
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2023 2,600
Additions 109,063
At 30 November 2024 111,663
Depreciation
Charge for the year 24,406
On disposals 2,600
At 30 November 2024 27,006
Net book value
At 30 November 2024 84,657
At 30 November 2023 2,600
4 Debtors 2024 2023
£ £
Other debtors 7,677 114,165
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans (BBL) and overdrafts 36,249 40,588
Trade creditors - (854)
Taxation and social security costs (6,373) (9,375)
Other creditors 295,866 581,778
325,742 612,137
6 Other information
Paymentsave(UK) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 7 Stanton Gate,
49 Mawney Road
Romford
RM7 7HL
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