Paymentwise Merchant Solutions Limited

Paymentwise Merchant Solutions Limited
Statement of Financial Position
As at 31 December 2024

	Notes	2024 £	2023 £
Fixed assets
Tangible fixed assets	3	6,162	6,578
Investments	4	50,000	75,000
		56,162	81,578
Current assets
Stocks		0	30,000
Debtors		5,155	7,649
Cash at bank and in hand		128,486	23,831
		133,641	61,480
Creditors: amount falling due within one year		(123,957)	(82,802)
Net current assets		9,684	(21,322)

Total assets less current liabilities		65,846	60,256
Creditors: amount falling due after more than one year		(16,667)	(26,667)
Net assets		49,179	33,589

Capital and reserves
Called up share capital	5	1	1
Profit and loss account		49,178	33,588
Shareholders' funds		49,179	33,589

For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 27 September 2025 and were signed by:

-------------------------------
Md Amirul Islam Chowdhury
Director

Paymentwise Merchant Solutions Limited
Notes to the Abridged Financial Statements
For the year ended 31 December 2024

General Information

Paymentwise Merchant Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 09897130, registration address Unit 310 East London Works, 65 Whitechapel Road, London, E1 1DU.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

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)

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

20 Straight Line

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

2.	Average number of employees Average number of employees during the year was 11 (2023 : 8).

Tangible fixed assets

Cost or valuation	Computer Equipment	Total
	£	£
At 01 January 2024	10,241	10,241
Additions	2,040	2,040
Disposals	-	-
At 31 December 2024	12,281	12,281
Depreciation
At 01 January 2024	3,663	3,663
Charge for year	2,456	2,456
On disposals	-	-
At 31 December 2024	6,119	6,119
Net book values
Closing balance as at 31 December 2024	6,162	6,162
Opening balance as at 01 January 2024	6,578	6,578

Investments

Cost	Other investments other than loans	Total
	£	£
At 01 January 2024	50,000	50,000
Additions	-	-
Disposals	-	-
At 31 December 2024	50,000	50,000

Share Capital

Allotted, called up and fully paid	2024 £		2023 £
1 Class A share of £1.00 each	1		1
	1		1

Registered Number: 09897130
England and Wales
PAYMENTWISE MERCHANT SOLUTIONS LIMITED

Abridged Accounts

Period of accounts Start date: 01 January 2024 End date: 31 December 2024