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REGISTERED NUMBER: 05847949 (England and Wales)









PACE TECHNOLOGY UK LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






PACE TECHNOLOGY UK LIMITED (REGISTERED NUMBER: 05847949)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PACE TECHNOLOGY UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mr S A Kealey
Mrs J C Kealey
Mr C E De Araujo E Campos
Mr F Jacobs





SECRETARY: Mrs J C Kealey





REGISTERED OFFICE: Field Lodge West End
Rawcliffe
Goole
East Yorkshire
DN14 8RW





REGISTERED NUMBER: 05847949 (England and Wales)





AUDITORS: Rackhams Accountants Limited
Statutory Auditors
3 Melton Park
Redcliff Road
Melton
East Yorkshire
HU14 3RS

PACE TECHNOLOGY UK LIMITED (REGISTERED NUMBER: 05847949)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 381,505 389,984
381,505 389,984

CURRENT ASSETS
Stocks 6 649,885 356,396
Debtors 7 404,204 866,936
Cash at bank 1,759,716 1,478,918
2,813,805 2,702,250
CREDITORS
Amounts falling due within one year 8 920,814 1,323,309
NET CURRENT ASSETS 1,892,991 1,378,941
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,274,496

1,768,925

PROVISIONS FOR LIABILITIES 94,408 96,466
NET ASSETS 2,180,088 1,672,459

CAPITAL AND RESERVES
Called up share capital 1,002 1,002
Retained earnings 2,179,086 1,671,457
SHAREHOLDERS' FUNDS 2,180,088 1,672,459

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 5 June 2025 and were signed on its behalf by:





Mrs J C Kealey - Director


PACE TECHNOLOGY UK LIMITED (REGISTERED NUMBER: 05847949)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Pace Technology UK Limited 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

PACE TECHNOLOGY UK LIMITED (REGISTERED NUMBER: 05847949)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued

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 20 (2024 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 20,000
AMORTISATION
At 1 April 2024
and 31 March 2025 20,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
Motor and
Equipment vehicles fittings Totals
£    £    £    £   
COST
At 1 April 2024 79,313 453,585 11,268 544,166
Additions 6,119 125,622 878 132,619
Disposals - (60,120 ) - (60,120 )
At 31 March 2025 85,432 519,087 12,146 616,665
DEPRECIATION
At 1 April 2024 39,393 110,820 3,969 154,182
Charge for year 10,926 99,656 1,974 112,556
Eliminated on disposal - (31,578 ) - (31,578 )
At 31 March 2025 50,319 178,898 5,943 235,160
NET BOOK VALUE
At 31 March 2025 35,113 340,189 6,203 381,505
At 31 March 2024 39,920 342,765 7,299 389,984

PACE TECHNOLOGY UK LIMITED (REGISTERED NUMBER: 05847949)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


6. STOCKS
2025 2024
£    £   
Stocks 649,885 356,396

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 305,007 692,964
Other debtors 1 -
Prepayments and accrued income 99,196 173,972
404,204 866,936

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 97,159 175,152
Tax 61,765 314,699
Social security and other taxes - 14,214
VAT 52,864 141,985
Directors' current accounts 133 78
Accruals and deferred income 708,893 677,181
920,814 1,323,309

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Trevor Mark Rackham (Senior Statutory Auditor)
for and on behalf of Rackhams Accountants Limited