REGISTERED NUMBER: 09311471 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

PE Passport Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

1,512

2,016

Tangible assets

5

97,932

99,322

99,444

101,338

CURRENT ASSETS

Debtors

6

101,579

89,034

Cash at bank

598,068

443,582

699,647

532,616

CREDITORS

Amounts falling due within one year

7

(545,106

)

(356,840

)

NET CURRENT ASSETS

154,541

175,776

TOTAL ASSETS LESS CURRENT LIABILITIES

253,985

277,114

CREDITORS

Amounts falling due after more than one year

8

(91,456

)

(125,972

)

PROVISIONS FOR LIABILITIES

-

(15,384

)

NET ASSETS

162,529

135,758

CAPITAL AND RESERVES

Called up share capital

200

200

Capital redemption reserve

(8,000

)

(8,000

)

Retained earnings

170,329

143,558

SHAREHOLDERS' FUNDS

162,529

135,758

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

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

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

Mr L G Manion - Director

1.	STATUTORY INFORMATION

PE Passport Limited 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:

09311471

Registered office:

Westminster House

10 Westminster Road

Macclesfield

Cheshire

SK10 1BX

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, net of VAT.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

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.

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 7 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2024

and 31 December 2024

10,083

AMORTISATION

At 1 January 2024

8,067

Amortisation for year

504

At 31 December 2024

8,571

NET BOOK VALUE

At 31 December 2024

1,512

At 31 December 2023

2,016

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

4,182

1,904

120,635

33,882

160,603

Additions

-

-

21,500

-

21,500

At 31 December 2024

4,182

1,904

142,135

33,882

182,103

DEPRECIATION

At 1 January 2024

4,182

649

28,883

27,567

61,281

Charge for year

-

433

18,351

4,106

22,890

At 31 December 2024

4,182

1,082

47,234

31,673

84,171

NET BOOK VALUE

At 31 December 2024

-

822

94,901

2,209

97,932

At 31 December 2023

-

1,255

91,752

6,315

99,322

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

91,829

81,348

Other debtors

9,750

7,686

101,579

89,034

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,000

10,058

Hire purchase contracts

15,774

14,842

Trade creditors

24,964

24,964

Taxation and social security

73,050

45,357

Other creditors

421,318

261,619

545,106

356,840

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

4,997

14,999

Hire purchase contracts

65,073

81,097

Other creditors

21,386

29,876

91,456

125,972

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

Mr L G Manion

Balance outstanding at start of year

-

-

Amounts advanced

5,463

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,463

-

Loans in excess of £10,000 incur interest at 2.25% per annum and repaid within 9 months of the year end.