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Company Registration No. 08126178 (England and Wales)
PAYINC GROUP LIMITED Final accounts for the year ended 31 December 2024
PAYINC GROUP LIMITED Final accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
PAYINC GROUP LIMITED Company Information for the year ended 31 December 2024
Director
JONES AMEGBOR
Company Number
08126178 (England and Wales)
Registered Office
Regus House Victory Way Crossways Business Park Dartford Kent DA2 6QD United Kingdom
Accountants
DKA Accounting Ltd. East Wing, Castle House Dawson Road Milton Keynes Buckinghamshire MK1 1QT
- 3 -
PAYINC GROUP LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
5,255,305 
5,064,455 
Tangible assets
5
- 
1,679 
Investments
6
- 
190,361 
5,255,305 
5,256,495 
Current assets
Debtors
7
2,687,643 
833,902 
Cash at bank and in hand
459,235 
161,871 
3,146,878 
995,773 
Creditors: amounts falling due within one year
8
(4,700,373)
(1,063,154)
Net current liabilities
(1,553,495)
(67,381)
Total assets less current liabilities
3,701,810 
5,189,114 
Creditors: amounts falling due after more than one year
9
(1,319,746)
(3,137,840)
Net assets
2,382,064 
2,051,274 
Capital and reserves
Called up share capital
10
4,555,525 
2,074,734 
Share premium
1,051,110 
1,051,110 
Profit and loss account
(3,224,571)
(1,074,570)
Shareholders' funds
2,382,064 
2,051,274 
For the year ending 31 December 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 26 September 2025 and were signed on its behalf by
JONES AMEGBOR Director Company Registration No. 08126178
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PAYINC GROUP LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
PAYINC GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08126178. The registered office is Regus House Victory Way, Crossways Business Park, Dartford, Kent, DA2 6QD, 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.
Presentation currency
The accounts are presented in £ sterling.
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
5,064,455 
Additions
190,850 
At 31 December 2024
5,255,305 
Amortisation
At 1 January 2024
- 
At 31 December 2024
- 
Net book value
At 31 December 2024
5,255,305 
At 31 December 2023
5,064,455 
- 5 -
PAYINC GROUP LIMITED Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
6,555 
1,032 
4,004 
11,591 
At 31 December 2024
6,555 
1,032 
4,004 
11,591 
Depreciation
At 1 January 2024
6,555 
688 
2,669 
9,912 
Charge for the year
- 
344 
1,335 
1,679 
At 31 December 2024
6,555 
1,032 
4,004 
11,591 
Net book value
At 31 December 2024
- 
- 
- 
- 
At 31 December 2023
- 
344 
1,335 
1,679 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2024
190,361 
Disposals
(190,361)
Valuation at 31 December 2024
- 
During the year, the company disposed off its investment in a related party.
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
2,687,643 
833,902 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
486,924 
Taxes and social security
(45,878)
(45,878)
Other creditors
4,746,251 
622,108 
4,700,373 
1,063,154 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
657,049 
Other creditors
1,319,746 
2,480,791 
1,319,746 
3,137,840 
- 6 -
PAYINC GROUP LIMITED Notes to the Accounts for the year ended 31 December 2024
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2,074,734 Ordinary shares of £1 each
2,074,734 
2,074,734 
2,480,791 Share Deposit of £1 each
2,480,791 
- 
4,555,525 
2,074,734 
Shares issued during the period:
2,480,791 Share Deposit of £1 each
2,480,791 
11
Average number of employees
During the year the average number of employees was 12 (2023: 5).
- 7 -