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Pave Communications Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2025
Bencroft Dassels
Braughing
Ware
Herts
SG11 2RW
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 14299320
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 138 553
138 553
CURRENT ASSETS
Stocks 5 120,038 64,583
Debtors 6 171,772 95,124
Cash at bank and in hand 57,794 119,428
349,604 279,135
Creditors: Amounts Falling Due Within One Year 7 (275,738 ) (226,403 )
NET CURRENT ASSETS (LIABILITIES) 73,866 52,732
TOTAL ASSETS LESS CURRENT LIABILITIES 74,004 53,285
NET ASSETS 74,004 53,285
CAPITAL AND RESERVES
Called up share capital 8 1 1
Income Statement 74,003 53,284
SHAREHOLDERS' FUNDS 74,004 53,285
Page 1
Page 2
For the year ending 31 August 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 her 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 Income Statement.
On behalf of the board
Anisha O'Connor
Director
04/11/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pave Communications Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14299320 . The registered office is 14 Kingsway, London, SW14 7HS.
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.
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:
Computer Equipment 33% on 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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
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2.6. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2024 1,248
As at 31 August 2025 1,248
Depreciation
As at 1 September 2024 695
Provided during the period 415
As at 31 August 2025 1,110
Net Book Value
As at 31 August 2025 138
As at 1 September 2024 553
5. Stocks
2025 2024
£ £
Work in progress 120,038 64,583
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Page 5
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 171,772 92,298
Other debtors - 2,826
171,772 95,124
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 143,962 142,822
Other creditors 101,579 53,567
Taxation and social security 30,197 30,014
275,738 226,403
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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