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PASSAS FLOORING LIMITED

Registered Number
10907980
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

PASSAS FLOORING LIMITED
Company Information
for the year from 1 September 2023 to 31 August 2024

Director

PASSAS Ivan

Registered Address

Southgate Office Village 284 Chase Road
Block A
London
N14 6HF

Registered Number

10907980 (England and Wales)
PASSAS FLOORING LIMITED
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,119508
32,119508
Current assets
Debtors20,90413,137
Cash at bank and on hand1,3933,421
22,29716,558
Creditors amounts falling due within one year3(44,546)(8,563)
Net current assets (liabilities)(22,249)7,995
Total assets less current liabilities9,8708,503
Creditors amounts falling due after one year4(7,952)(9,656)
Net assets1,918(1,153)
Capital and reserves
Called up share capital100100
Profit and loss account1,818(1,253)
Shareholders' funds1,918(1,153)
The financial statements were approved and authorised for issue by the Director on 23 May 2025, and are signed on its behalf by:
PASSAS Ivan
Director
Registered Company No. 10907980
PASSAS FLOORING LIMITED
Notes to the Financial Statements
for the year ended 31 August 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.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
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.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year33
3.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables41,0871,054
Taxation and social security3,4597,509
Total44,5468,563
4.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts7,9529,656
Total7,9529,656