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Pay-Nex Limited

Registered Number
09836396
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

Pay-Nex Limited
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors

Dixon, Dena Leah
Dixon, Lucy Naomi

Company Secretary

Dixon, Dena Leah

Registered Address

2 Highways Cottages
Farnham Road
Liss
GU33 6JD

Registered Number

09836396 (England and Wales)
Pay-Nex Limited
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets31,4562,596
1,4562,596
Current assets
Debtors31,56318,969
Cash at bank and on hand28,32419,887
59,88738,856
Creditors amounts falling due within one year4(21,072)(20,363)
Net current assets (liabilities)38,81518,493
Total assets less current liabilities40,27121,089
Creditors amounts falling due after one year-(1,744)
Provisions for liabilities(277)(493)
Net assets39,99418,852
Capital and reserves
Called up share capital22
Profit and loss account39,99218,850
Shareholders' funds39,99418,852
The financial statements were approved and authorised for issue by the Board of Directors on 9 July 2025, and are signed on its behalf by:
Dixon, Dena Leah
Director
Registered Company No. 09836396
Pay-Nex Limited
Notes to the Financial Statements
for the year ended 31 March 2025

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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment4
2.Average number of employees

20252024
Average number of employees during the year33
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 April 2411,36911,369
Disposals(3,704)(3,704)
At 31 March 257,6657,665
Depreciation and impairment
At 01 April 248,7738,773
Charge for year1,1401,140
On disposals(3,704)(3,704)
At 31 March 256,2096,209
Net book value
At 31 March 251,4561,456
At 31 March 242,5962,596
4.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables4183,037
Bank borrowings and overdrafts1,7121,393
Amounts owed to related parties-39
Taxation and social security17,38711,568
Other creditors1363,069
Accrued liabilities and deferred income1,4191,257
Total21,07220,363