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REGISTERED NUMBER: 12679399 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2024

for

PAU Run & Ride Ltd

PAU Run & Ride Ltd (Registered number: 12679399)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


PAU Run & Ride Ltd (Registered number: 12679399)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,071 53,741

CURRENT ASSETS
Stocks 446,356 454,263
Debtors 5 62,139 112,637
Cash at bank 23,602 19,388
532,097 586,288
CREDITORS
Amounts falling due within one year 6 127,699 153,069
NET CURRENT ASSETS 404,398 433,219
TOTAL ASSETS LESS CURRENT LIABILITIES 447,469 486,960

CREDITORS
Amounts falling due after more than one year 7 921,601 429,854
NET (LIABILITIES)/ASSETS (474,132 ) 57,106

CAPITAL AND RESERVES
Called up share capital 331,052 331,052
Share premium 498 498
Retained earnings (805,682 ) (274,444 )
SHAREHOLDERS' FUNDS (474,132 ) 57,106

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 February 2025 and were signed by:





Mr P Ball - Director


PAU Run & Ride Ltd (Registered number: 12679399)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

PAU Run & Ride Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12679399

Registered office: Unit 314-315
Trentham Shopping Village
Stone Road
Stoke-on-Trent
Staffordshire
ST4 8AX

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.

Turnover is recognised as the company becomes eligible for consideration for goods and services provided. Therefore turnover includes the element of work carried out but not yet invoiced for.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over 5 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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 Profit and Loss Account, 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.

PAU Run & Ride Ltd (Registered number: 12679399)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

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.

Going concern
After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved. The directors support the business and therefore the financial statements have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 November 2023 2,398 17,103 67,436
Additions - - 886
At 31 October 2024 2,398 17,103 68,322
DEPRECIATION
At 1 November 2023 1,560 8,040 29,426
Charge for year 479 2,266 7,779
At 31 October 2024 2,039 10,306 37,205
NET BOOK VALUE
At 31 October 2024 359 6,797 31,117
At 31 October 2023 838 9,063 38,010

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023 7,250 2,733 96,920
Additions - 891 1,777
At 31 October 2024 7,250 3,624 98,697
DEPRECIATION
At 1 November 2023 2,152 2,001 43,179
Charge for year 1,274 649 12,447
At 31 October 2024 3,426 2,650 55,626
NET BOOK VALUE
At 31 October 2024 3,824 974 43,071
At 31 October 2023 5,098 732 53,741

PAU Run & Ride Ltd (Registered number: 12679399)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 920
Other debtors 62,139 111,717
62,139 112,637

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 98,764 140,275
Taxation and social security 13,202 4,779
Other creditors 15,733 8,015
127,699 153,069

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 921,601 429,854

8. OTHER FINANCIAL COMMITMENTS

The company had commitments under a non cancellable operating lease at 31 October 2024 amounting to £139,098 (2023 £225,961). This commitment represents the total amount of payments due on leases ending in 2026.