Pace Historics Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 03066272

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		31,175		55,976

			31,175		55,976
CURRENT ASSETS
Stocks	5	245,705		189,925
Debtors	6	61,646		91,530
Cash at bank and in hand		12,721		12,337

		320,072		293,792
Creditors: Amounts Falling Due Within One Year	7	(1,479,614 )		(1,494,039 )

NET CURRENT ASSETS (LIABILITIES)			(1,159,542 )		(1,200,247 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,128,367 )		(1,144,271 )

Creditors: Amounts Falling Due After More Than One Year	8		(23,995 )		(29,648 )

NET LIABILITIES			(1,152,362 )		(1,173,919 )

CAPITAL AND RESERVES
Called up share capital	9		21,500		21,500
Share premium account			34,500		34,500
Profit and Loss Account			(1,208,362 )		(1,229,919 )

SHAREHOLDERS' FUNDS			(1,152,362)		(1,173,919)

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Pace Historics Limited

Balance Sheet (continued)

As At 31 January 2025

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 member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Gareth Burnett

Director

1 December 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Pace Historics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03066272 . The registered office is Unit 3, Cattle Sheds, Weston Wood Farm, Common Road, Weston Colville, Cambridgeshire, CB21 5NR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	5% of cost
Fixtures & Fittings	5% of cost
Computer Equipment	33% of cost

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 5)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 February 2024	430,118	79,853	-	509,971
Additions	-	-	958	958

As at 31 January 2025	430,118	79,853	958	510,929

Depreciation
As at 1 February 2024	401,117	52,878	-	453,995
Provided during the period	21,506	3,993	260	25,759

As at 31 January 2025	422,623	56,871	260	479,754

...CONTINUED

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Pace Historics Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

Net Book Value
As at 31 January 2025	7,495	22,982	698	31,175

As at 1 February 2024	29,001	26,975	-	55,976

5. Stocks

	2025	2024
	£	£
Materials	154,001	143,960
Work in progress	91,704	45,965

	245,705	189,925

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	36,592	66,476
Prepayments and accrued income	25,054	25,054

	61,646	91,530

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	37,704	42,954
Bank loans and overdrafts	25,440	27,983
Other taxes and social security	6,818	226
VAT	12,385	4,829
Other creditors	8,229	-
Accruals and deferred income	19,922	3,500
Director's loan account	444,206	472,506
Amounts owed to group undertakings	924,910	942,041

	1,479,614	1,494,039

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	23,995	29,648

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	21,500	21,500

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