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Company Registration No. 14573295 (England and Wales)
PACE VAN HIRE ELTHAM LTD Unaudited accounts for the year ended 31 January 2025
PACE VAN HIRE ELTHAM LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PACE VAN HIRE ELTHAM LTD Company Information for the year ended 31 January 2025
Directors
LOUIS VERRICO PAUL VERRICO KIERON TARBIE
Company Number
14573295 (England and Wales)
Registered Office
2-4 POMEROY STREET LONDON SE14 5BG ENGLAND
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PACE VAN HIRE ELTHAM LTD Statement of financial position as at 31 January 2025
2025 
Notes
£ 
Fixed assets
Tangible assets
4
238,870 
Current assets
Debtors
5
13,042 
Cash at bank and in hand
19,580 
32,622 
Creditors: amounts falling due within one year
6
(185,394)
Net current liabilities
(152,772)
Total assets less current liabilities
86,098 
Creditors: amounts falling due after more than one year
7
(71,139)
Net assets
14,959 
Capital and reserves
Called up share capital
100 
Profit and loss account
14,859 
Shareholders' funds
14,959 
For the year ending 31 January 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 directors acknowledge their 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 of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by
LOUIS VERRICO Director Company Registration No. 14573295
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PACE VAN HIRE ELTHAM LTD Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
PACE VAN HIRE ELTHAM LTD is a private company, limited by shares, registered in England and Wales, registration number 14573295. The registered office is 2-4 POMEROY STREET, LONDON, SE14 5BG, ENGLAND.
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
These financial statements for the year ended 31 January 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2024. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2024
218,912 
- 
2,128 
221,040 
Additions
83,605 
3,000 
- 
86,605 
At 31 January 2025
302,517 
3,000 
2,128 
307,645 
Depreciation
At 1 February 2024
22,115 
- 
- 
22,115 
Charge for the year
45,378 
750 
532 
46,660 
At 31 January 2025
67,493 
750 
532 
68,775 
Net book value
At 31 January 2025
235,024 
2,250 
1,596 
238,870 
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PACE VAN HIRE ELTHAM LTD Notes to the Accounts for the year ended 31 January 2025
5
Debtors
2025 
£ 
Amounts falling due within one year
Other debtors
3,042 
Amounts falling due after more than one year
Other debtors
10,000 
6
Creditors: amounts falling due within one year
2025 
£ 
VAT
9,155 
Obligations under finance leases and hire purchase contracts
62,256 
Amounts owed to group undertakings and other participating interests
97,500 
Taxes and social security
3,427 
Other creditors
1,326 
Accruals
11,730 
185,394 
7
Creditors: amounts falling due after more than one year
2025 
£ 
Obligations under finance leases and hire purchase contracts
71,139 
8
Average number of employees
During the year the average number of employees was 5.
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