| Pabelard Systems Limited |
| Registered number: |
12545093 |
| Balance Sheet |
| as at 30 April 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Current assets |
| Debtors |
4 |
|
7,223 |
|
|
28,600 |
| Cash at bank and in hand |
|
|
121,877 |
|
|
231,959 |
|
|
|
129,100 |
|
|
260,559 |
|
| Creditors: amounts falling due within one year |
5 |
|
(5,765) |
|
|
(62,722) |
|
| Net current assets |
|
|
|
123,335 |
|
|
197,837 |
|
| Net assets |
|
|
|
123,335 |
|
|
197,837 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
123,235 |
|
|
197,737 |
|
| Shareholders' funds |
|
|
|
123,335 |
|
|
197,837 |
|
|
|
|
|
|
|
|
| The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006. |
| The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with Section 386 and 387 of the Companies Act 2006; and preparing financial statements which give a true and fair view of the state of the affairs of the company as at the end of each financial year and of its profit and loss for each financial year in accordance with the requirements of Sections 394 to 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| These financial statements have been prepared in accordance with the provisions applicable to companies subject the the small companies' regime. |
|
|
|
|
| Robert Young |
| Director |
| Approved by the board on 26 May 2025 |
|
| Pabelard Systems Limited |
| Notes to the Accounts |
| for the year ended 30 April 2025 |
|
|
| 1 |
Statutory information |
|
Pabelard Systems Limited is a company limited by shares and registered in England and Wales under company number 12545093. The address of the registered office is First Floor, 5 High Street, Westbury-on-Trym, Bristol, BS9 3BY. |
|
| 2 |
Summary of significant accounting policies |
|
|
Basis of preparation of financial statements |
|
The financial statements have been prepared in accordance with FRS 102 The financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities and under the historical cost convention. |
|
|
Going concern |
|
After reviewing the the company's forecasts and projections, the directors have a reasonable expection that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing these financial statements. |
|
|
Financial instruments |
|
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss. All other investments are subsequently measured ar cost less impairment. Debtors and creditors that fall due within one year are recorded in the financial statements at transaction price and then subsequently measured at amortised cost. If the effects of the time value of money are immaterial, they are measured at cost (less impairment for trade debtors). Debtors are reviewed for impairment at each reporting date and any impairments are recorded within profit and loss and shown within administrative expenses when there is objective evidence that a debtor is impaired. Objective evidence that a debtor is impaired arises when the customer is unable to settle amounts owing to the company or the customer becomes bankrupt. Debtors do not carry interest and are stated at their nominal value. Trade creditors are not interest-bearing and are stated at their nominal value. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assesed individually for impairment. Other financial assets are either assessed individually or grouped on the similar basis of credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset which exceeds what the carrying amount would have been had the impairment loss not previously been recognised. |
|
| 2 |
Summary of significant accounting policies ( continued ) |
|
|
Taxation |
|
Current tax represents the amount of tax payable (receivable) in the respect 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 that 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. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and discounts. Turnover is also measured net of the estimated value of customer returns and volume rebates. |
|
|
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 and loss. 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. |
|
|
| 3 |
Average number of employees |
|
The average number of employees, including directors employed under contracts of service, during the year was as follows: |
|
|
|
|
|
|
|
2025 |
|
2024 |
| Number |
Number |
|
|
Employees |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
7,223 |
|
28,600 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Taxation and social security costs |
- |
|
53,514 |
|
Other creditors |
5,765 |
|
9,208 |
|
|
|
|
|
|
5,765 |
|
62,722 |
|
|
|
|
|
|
|
|
|