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Company Registration No. 10436734 (England and Wales)
PATHWELL SERVICES LIMITED Unaudited accounts for the year ended 31 October 2024
PATHWELL SERVICES LIMITED Unaudited accounts Contents
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PATHWELL SERVICES LIMITED Company Information for the year ended 31 October 2024
Director
Thusani Pathwell SISIHU
Company Number
10436734 (England and Wales)
Registered Office
34 MAYFAIR COURT PARK GROVE ROAD WAKEFIELD WF2 8WL UNITED KINGDOM
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PATHWELL SERVICES LIMITED Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,750 
14,167 
Current assets
Cash at bank and in hand
862 
235 
Creditors: amounts falling due within one year
(12,510)
(11,915)
Net current liabilities
(11,648)
(11,680)
Total assets less current liabilities
1,102 
2,487 
Creditors: amounts falling due after more than one year
(13,703)
(13,092)
Net liabilities
(12,601)
(10,605)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(12,602)
(10,606)
Shareholders' funds
(12,601)
(10,605)
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 July 2025 and were signed on its behalf by
Thusani Pathwell SISIHU Director Company Registration No. 10436734
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PATHWELL SERVICES LIMITED Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
PATHWELL SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10436734. The registered office is 34 MAYFAIR COURT PARK GROVE ROAD, WAKEFIELD, WF2 8WL, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
10% reducing balance method
Going concern
The directors have assessed the statement of financial position and likely future cash flows at the date or approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, They continue to adopt the going concern basis in preparing the financial statements.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Current Tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
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PATHWELL SERVICES LIMITED Notes to the Accounts for the year ended 31 October 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 November 2023
23,259 
At 31 October 2024
23,259 
Depreciation
At 1 November 2023
9,092 
Charge for the year
1,417 
At 31 October 2024
10,509 
Net book value
At 31 October 2024
12,750 
At 31 October 2023
14,167 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
585 
1,475 
VAT
11,329 
5,812 
Taxes and social security
493 
280 
Other creditors
59 
1,560 
Loans from directors
44 
2,788 
12,510 
11,915 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,703 
13,092 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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