REGISTERED NUMBER: 10796962 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

PACE UP MEDIA LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T C Copeland

REGISTERED OFFICE:

Office 20 PLATF9RM

Floor 6 Tower Point

44 North Road

Brighton

BN1 1YR

REGISTERED NUMBER:

10796962 (England and Wales)

ACCOUNTANTS:

Paddenburg & Co Limited

100 Church Street

Brighton

East Sussex

BN1 1UJ

FIXED ASSETS

Tangible assets

4

8,115

7,320

CURRENT ASSETS

Stocks

5,786

6,908

Debtors

5

90,526

100,890

Cash at bank

223,594

183,001

319,906

290,799

CREDITORS

Amounts falling due within one year

6

56,842

55,609

NET CURRENT ASSETS

263,064

235,190

TOTAL ASSETS LESS CURRENT LIABILITIES

271,179

242,510

PROVISIONS FOR LIABILITIES

7

2,029

1,830

NET ASSETS

269,150

240,680

CAPITAL AND RESERVES

Called up share capital

118

118

Retained earnings

269,032

240,562

269,150

240,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 August 2025 and were signed by:

T C Copeland - Director

1.	STATUTORY INFORMATION

Pace Up Media Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 June 2024

-

1,860

13,462

15,322

Additions

1,339

-

749

2,088

At 31 May 2025

1,339

1,860

14,211

17,410

DEPRECIATION

At 1 June 2024

-

1,195

6,807

8,002

Charge for year

84

135

1,074

1,293

At 31 May 2025

84

1,330

7,881

9,295

NET BOOK VALUE

At 31 May 2025

1,255

530

6,330

8,115

At 31 May 2024

-

665

6,655

7,320

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

82,446

96,677

Other debtors

3,061

4,213

Prepayments

5,019

-

90,526

100,890

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

31,189

32,448

Social security and other taxes

3,389

3,804

VAT

9,007

8,786

Other creditors

4,590

5,807

Pensions payable

1,150

927

Directors' current accounts

4,617

937

Accrued expenses

2,900

2,900

56,842

55,609

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

2,029

1,830

Deferred

tax

£

Balance at 1 June 2024

1,830

Accelerated capital allowances

199

Balance at 31 May 2025

2,029

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T C Copeland.