PASCAL ENTERPRISES LIMITED

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

Registered number: 03140040

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		48,227		58,820

			48,227		58,820
CURRENT ASSETS
Stocks	5	81,915		95,250
Debtors	6	16,709		9,269
Cash at bank and in hand		14,387		13,581

		113,011		118,100
Creditors: Amounts Falling Due Within One Year	7	(100,982 )		(107,184 )

NET CURRENT ASSETS (LIABILITIES)			12,029		10,916

TOTAL ASSETS LESS CURRENT LIABILITIES			60,256		69,736

NET ASSETS			60,256		69,736

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			60,156		69,636

SHAREHOLDERS' FUNDS			60,256		69,736

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PASCAL ENTERPRISES LIMITED

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 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 C S MENGER

Director

28/12/2025

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

1. General Information

PASCAL ENTERPRISES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 03140040 . The registered office is 257 Amhurst Road, Stoke Newington, London, N16 7NU.

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	No Depreciation charged during the year
Motor Vehicles	18% at reducing balance basis
Fixtures & Fittings	No Depreciation charged during the year

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: 2 (2023: 2)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 January 2024	8,500	178,891	800	188,191

As at 31 December 2024	8,500	178,891	800	188,191

Depreciation
As at 1 January 2024	8,500	120,071	800	129,371
Provided during the period	-	10,593	-	10,593

As at 31 December 2024	8,500	130,664	800	139,964

...CONTINUED

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PASCAL ENTERPRISES LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	-	48,227	-	48,227

As at 1 January 2024	-	58,820	-	58,820

5. Stocks

	2024	2023
	£	£
Materials	81,915	95,250

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	9,269	9,269
Other debtors	7,440	-

	16,709	9,269

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	-	2,024
Other creditors	96,976	101,476
Taxation and social security	4,006	3,684

	100,982	107,184

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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