IRIS Accounts Production v25.1.3.33 09203881 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh092038812023-09-30092038812024-09-30092038812023-10-012024-09-30092038812022-09-30092038812022-10-012023-09-30092038812023-09-3009203881ns15:EnglandWales2023-10-012024-09-3009203881ns14:PoundSterling2023-10-012024-09-3009203881ns10:Director12023-10-012024-09-3009203881ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3009203881ns10:SmallEntities2023-10-012024-09-3009203881ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3009203881ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3009203881ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3009203881ns10:FullAccounts2023-10-012024-09-300920388112023-10-012024-09-3009203881ns10:OrdinaryShareClass12023-10-012024-09-3009203881ns10:Director22023-10-012024-09-3009203881ns10:RegisteredOffice2023-10-012024-09-3009203881ns5:CurrentFinancialInstruments2024-09-3009203881ns5:CurrentFinancialInstruments2023-09-3009203881ns5:Non-currentFinancialInstruments2024-09-3009203881ns5:Non-currentFinancialInstruments2023-09-3009203881ns5:ShareCapital2024-09-3009203881ns5:ShareCapital2023-09-3009203881ns5:RetainedEarningsAccumulatedLosses2024-09-3009203881ns5:RetainedEarningsAccumulatedLosses2023-09-3009203881ns5:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3009203881ns5:ComputerSoftware2023-10-012024-09-3009203881ns5:PlantMachinery2023-10-012024-09-3009203881ns5:ComputerEquipment2023-10-012024-09-3009203881ns5:ComputerSoftware2023-09-3009203881ns5:ComputerSoftware2024-09-3009203881ns5:ComputerSoftware2023-09-3009203881ns5:PlantMachinery2023-09-3009203881ns5:ComputerEquipment2023-09-3009203881ns5:PlantMachinery2024-09-3009203881ns5:ComputerEquipment2024-09-3009203881ns5:PlantMachinery2023-09-3009203881ns5:ComputerEquipment2023-09-3009203881ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-09-3009203881ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3009203881ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-09-3009203881ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-09-3009203881ns10:OrdinaryShareClass12024-09-30092038811ns10:Director12023-09-30092038811ns10:Director12022-09-30092038811ns10:Director12023-10-012024-09-30092038811ns10:Director12022-10-012023-09-30092038811ns10:Director12024-09-30092038811ns10:Director12023-09-30
REGISTERED NUMBER: 09203881 (England and Wales)















Pad Deco Ltd

Unaudited Financial Statements

for the Year Ended 30 September 2024






Pad Deco Ltd (Registered number: 09203881)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pad Deco Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: K E Jones
J S Lloyd





REGISTERED OFFICE: Tec Marina
Terra Nova Way
Penarth
United Kingdom
CF64 1SA





REGISTERED NUMBER: 09203881 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
Accountants & Business Advisors
Suite 2d,
Building 1 Eastern Business Park
St Mellons
Cardiff
CF3 5EA

Pad Deco Ltd (Registered number: 09203881)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 11,549 13,501
Tangible assets 5 10,724 12,328
22,273 25,829

CURRENT ASSETS
Debtors 6 48,102 27,451
Cash at bank 49,319 23,247
97,421 50,698
CREDITORS
Amounts falling due within one year 7 94,003 68,079
NET CURRENT ASSETS/(LIABILITIES) 3,418 (17,381 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,691

8,448

CREDITORS
Amounts falling due after more than one year 8 21,172 48,234
NET ASSETS/(LIABILITIES) 4,519 (39,786 )

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 4,509 (39,796 )
SHAREHOLDERS' FUNDS 4,519 (39,786 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2025 and were signed on its behalf by:





J S Lloyd - Director


Pad Deco Ltd (Registered number: 09203881)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Pad Deco Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Pad Deco Ltd (Registered number: 09203881)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 October 2023
and 30 September 2024 19,520
AMORTISATION
At 1 October 2023 6,019
Amortisation for year 1,952
At 30 September 2024 7,971
NET BOOK VALUE
At 30 September 2024 11,549
At 30 September 2023 13,501

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 October 2023 10,786 27,364 38,150
Additions - 1,889 1,889
Disposals - (283 ) (283 )
At 30 September 2024 10,786 28,970 39,756
DEPRECIATION
At 1 October 2023 9,745 16,077 25,822
Charge for year 260 2,985 3,245
Eliminated on disposal - (35 ) (35 )
At 30 September 2024 10,005 19,027 29,032
NET BOOK VALUE
At 30 September 2024 781 9,943 10,724
At 30 September 2023 1,041 11,287 12,328

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 10,292 5,942
Amounts owed by group undertakings 20,625 20,625
Other debtors 884 884
Directors' current accounts 16,301 -
48,102 27,451

Pad Deco Ltd (Registered number: 09203881)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 13,292 5,672
Tax 7,326 -
Social security and other taxes 2,614 3,020
VAT 16,204 16,542
Other creditors 22,631 14,927
Amounts owed to associates 7,136 6,204
Directors' current accounts - 3,088
Accruals and deferred income 14,800 8,626
94,003 68,079

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans - 1-2 years 21,172 24,479
Other creditors - 23,755
21,172 48,234

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
10 Ordinary 1 10 10

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
J S Lloyd
Balance outstanding at start of year (3,089 ) 20,503
Amounts advanced 57,087 33,310
Amounts repaid (37,698 ) (56,902 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,300 (3,089 )

11. RELATED PARTY DISCLOSURES

At the year end the company owed £7,136 (2023: £6,204) to a company related by common Director. Also at the end of the year the company was owed £20,624 (2023: £20,624) by a company related by common Director.

12. GENERAL INFORMATION

Pad Deco Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09203881 . The registered office is Paddeco, Terra Nova Way, Penarth, CF64 1SA.