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Company Registration No. 11841457 (England and Wales)
PAYGRID LTD Unaudited accounts for the year ended 28 February 2025
PAYGRID LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PAYGRID LTD Company Information for the year ended 28 February 2025
Director
Rakshit Seth
Company Number
11841457 (England and Wales)
Registered Office
128 City Road London EC1V 2NX United Kingdom
Accountants
TaxConnect Accountants Ltd 63 St. Mary Axe London EC3A 8AA
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PAYGRID LTD Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Current assets
Debtors
17,322
11,495
Cash at bank and in hand
12,431
99,267
29,753
110,762
Creditors: amounts falling due within one year
(16,485)
(54,432)
Net current assets
13,268
56,330
Net assets
13,268
56,330
Capital and reserves
Called up share capital
10
10
Profit and loss account
13,258
56,320
Shareholders' funds
13,268
56,330
For the year ending 28 February 2025 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 28 July 2025 and were signed on its behalf by
Rakshit Seth Director Company Registration No. 11841457
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PAYGRID LTD Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
PAYGRID LTD is a private company, limited by shares, registered in England and Wales, registration number 11841457. The registered office is 128 City Road, London, EC1V 2NX, 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.
4
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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