Registered number
03111015
Pams Event Services Ltd
Filleted Accounts
31 December 2024
Pams Event Services Ltd
Registered number: 03111015
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 10,104 32,000
Cash at bank and in hand 21,439 13,856
31,543 45,856
Creditors: amounts falling due within one year 4 (7,940) (9,504)
Net current assets 23,603 36,352
Total assets less current liabilities 23,603 36,352
Creditors: amounts falling due after more than one year 5 (28,769) (34,166)
Net (liabilities)/assets (5,166) 2,186
Capital and reserves
Called up share capital 2 2
Profit and loss account (5,168) 2,184
Shareholders' funds (5,166) 2,186
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P L Rea
Director
Approved by the board on 15 July 2025
Pams Event Services Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
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
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes and includes revenue earned from the rendering of services.
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.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Trade debtors 10,037 20,000
Other debtors 67 12,000
10,104 32,000
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,617 6,617
Trade creditors 166 1,775
Taxation and social security costs 957 1,112
Other creditors 200 -
7,940 9,504
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 28,769 34,166
6 Other information
Pams Event Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
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