Company Registration No. 07142081 (England and Wales)
PAFBAG LIMITED
Unaudited accounts
for the year ended 31 May 2025
PAFBAG LIMITED
Unaudited accounts
Contents
PAFBAG LIMITED
Company Information
for the year ended 31 May 2025
Director
Richard Neville Bartrop
Secretary
Elizabeth Bartrop
Company Number
07142081 (England and Wales)
Registered Office
Unit 6-7
Heeley Business Centre
Guernsey Road
Sheffield
South Yorkshire
S2 4HG
England
Accountants
Hammond & Co
36 Chesterfield Road
Market Street
Staveley
Derbyshire
S43 3UT
PAFBAG LIMITED
Statement of financial position
as at 31 May 2025
Tangible assets
25,849
45,009
Cash at bank and in hand
2,598
1,211
Creditors: amounts falling due within one year
(61,666)
(62,034)
Net current assets
8,291
17,542
Total assets less current liabilities
34,140
62,551
Creditors: amounts falling due after more than one year
(23,264)
(44,044)
Called up share capital
2
2
Profit and loss account
10,874
18,505
Shareholders' funds
10,876
18,507
For the year ending 31 May 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.
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 15 August 2025 and were signed on its behalf by
Richard Neville Bartrop
Director
Company Registration No. 07142081
PAFBAG LIMITED
Notes to the Accounts
for the year ended 31 May 2025
PAFBAG LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07142081. The registered office is Unit 6-7, Heeley Business Centre, Guernsey Road, Sheffield, South Yorkshire, S2 4HG, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
20% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2024
104,018
556
3,113
107,687
At 31 May 2025
104,018
556
3,113
107,687
At 1 June 2024
59,009
556
3,113
62,678
Charge for the year
19,160
-
-
19,160
At 31 May 2025
78,169
556
3,113
81,838
At 31 May 2025
25,849
-
-
25,849
At 31 May 2024
45,009
-
-
45,009
PAFBAG LIMITED
Notes to the Accounts
for the year ended 31 May 2025
Amounts falling due within one year
Trade debtors
34,211
47,327
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
7,213
8,000
Trade creditors
24,227
11,591
Taxes and social security
1,795
936
Other creditors
12,926
4,645
Loans from directors
9,543
27,231
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
16,739
30,063
8
Average number of employees
During the year the average number of employees was 6 (2024: 6).