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Company registration number: 06123192
Pay Right Limited
Unaudited filleted financial statements
31 March 2025
Pay Right Limited
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Pay Right Limited
Directors and other information
Director K Masterton-Taylor
Company number 06123192
Registered office 76 Lord Street
Fleetwood
Lancashire
FY7 6UN
Business address 76 Lord Street
Fleetwood
Lancashire
FY7 6UN
Accountants Turner and Brown Limited
105 Garstang Road
Preston
Lancashire
PR1 1LD
Pay Right Limited
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of Pay Right Limited
Year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pay Right Limited for the year ended 31 March 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
This report is made solely to the director of Pay Right Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Pay Right Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pay Right Limited and its director as a body for our work or for this report.
It is your duty to ensure that Pay Right Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pay Right Limited. You consider that Pay Right Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Pay Right Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Turner and Brown Limited
Chartered Accountants
105 Garstang Road
Preston
Lancashire
PR1 1LD
Pay Right Limited
Statement of financial position
31 March 2025
2025 2024
£ £
Fixed assets 1,137 1,311
_______ _______
Current assets 20,314 22,363
Creditors: amounts falling due within one year ( 11,148) ( 10,462)
_______ _______
Net current assets 9,166 11,901
_______ _______
Total assets less current liabilities 10,303 13,212
Creditors: amounts falling due after more than one year ( 877) ( 4,985)
Accruals and deferred income ( 800) ( 800)
_______ _______
Net assets 8,626 7,427
_______ _______
Capital and reserves 8,626 7,427
_______ _______
Notes to the financial statements
Pay Right Limited
Year ended 31 March 2025
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
2. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2025
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
K Masterton-Taylor 8,710 901 - 9,611
_______ _______ _______ _______
This loan was interest free and repayable on demand.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The director acknowledges responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:
K Masterton-Taylor
Director
Company registration number: 06123192
The company is a private company limited by shares, registered in England.