Company registration number 03901804 (England and Wales)
PAW ASSOCIATES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
PAW ASSOCIATES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
PAW ASSOCIATES LIMITED
BALANCE SHEET
AS AT 31 JULY 2025
31 July 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
7,237
Current assets
Debtors
4
163,328
49,940
Cash at bank and in hand
6,349
13,816
169,677
63,756
Creditors: amounts falling due within one year
5
(184,990)
(65,891)
Net current liabilities
(15,313)
(2,135)
Total assets less current liabilities
(15,313)
5,102
Creditors: amounts falling due after more than one year
6
(28,477)
(35,511)
Net liabilities
(43,790)
(30,409)
Capital and reserves
Called up share capital
7
3
3
Profit and loss reserves
(43,793)
(30,412)
Total equity
(43,790)
(30,409)

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 12 March 2026 and are signed on its behalf by:
Mr C J Burr
Director
Company registration number 03901804 (England and Wales)
PAW ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 2 -
1
Accounting policies
Company information

PAW Associates Limited is a private company limited by shares incorporated in England and Wales. The registered office is Kings Parade, Lower Coombe Street, Croydon, Surrey, CR0 1AA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

On the basis of the continued support of the directors, a true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% Straight Line
1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

PAW ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
PAW ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 4 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2024
28,950
Disposals
(28,950)
At 31 July 2025
-
0
Depreciation and impairment
At 1 August 2024
21,713
Eliminated in respect of disposals
(21,713)
At 31 July 2025
-
0
Carrying amount
At 31 July 2025
-
0
At 31 July 2024
7,237
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
144,998
47,354
Corporation tax recoverable
-
0
132
Other debtors
18,330
2,454
163,328
49,940

5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
8,062
8,062
Trade creditors
348
281
Taxation and social security
2,155
-
0
Other creditors
174,425
57,548
184,990
65,891
PAW ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 5 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
28,477
35,511
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1
1
1
1
Ordinary A share of £1 each
1
1
1
1
Ordinary B share of £1 each
1
1
1
1
3
3
3
3
8
Directors' transactions

At the balance sheet date, included in other debtors is a balance of £1 8,330 (20 24: £1,642) due from the directors of the company.

2025-07-31 2024-08-01 false false false 12 March 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr C Burr Mrs P Winter 03901804 2024-08-01 2025-07-31 03901804 2025-07-31 03901804 2024-07-31 03901804 core:OtherPropertyPlantEquipment 2025-07-31 03901804 core:OtherPropertyPlantEquipment 2024-07-31 03901804 core:CurrentFinancialInstruments core:WithinOneYear 2025-07-31 03901804 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 03901804 core:WithinOneYear 2025-07-31 03901804 core:WithinOneYear 2024-07-31 03901804 core:AfterOneYear 2025-07-31 03901804 core:AfterOneYear 2024-07-31 03901804 core:CurrentFinancialInstruments 2025-07-31 03901804 core:CurrentFinancialInstruments 2024-07-31 03901804 core:ShareCapital 2025-07-31 03901804 core:ShareCapital 2024-07-31 03901804 core:RetainedEarningsAccumulatedLosses 2025-07-31 03901804 core:RetainedEarningsAccumulatedLosses 2024-07-31 03901804 core:ShareCapitalOrdinaryShareClass1 2025-07-31 03901804 core:ShareCapitalOrdinaryShareClass1 2024-07-31 03901804 core:ShareCapitalOrdinaryShareClass2 2025-07-31 03901804 core:ShareCapitalOrdinaryShareClass2 2024-07-31 03901804 core:ShareCapitalOrdinaryShareClass3 2025-07-31 03901804 core:ShareCapitalOrdinaryShareClass3 2024-07-31 03901804 core:ShareCapitalOrdinaryShares 2025-07-31 03901804 core:ShareCapitalOrdinaryShares 2024-07-31 03901804 bus:Director1 2024-08-01 2025-07-31 03901804 core:PlantMachinery 2024-08-01 2025-07-31 03901804 2023-08-01 2024-07-31 03901804 core:OtherPropertyPlantEquipment 2024-07-31 03901804 core:OtherPropertyPlantEquipment 2024-08-01 2025-07-31 03901804 core:Non-currentFinancialInstruments 2025-07-31 03901804 core:Non-currentFinancialInstruments 2024-07-31 03901804 bus:OrdinaryShareClass1 2024-08-01 2025-07-31 03901804 bus:OrdinaryShareClass2 2024-08-01 2025-07-31 03901804 bus:OrdinaryShareClass3 2024-08-01 2025-07-31 03901804 bus:OrdinaryShareClass1 2025-07-31 03901804 bus:OrdinaryShareClass1 2024-07-31 03901804 bus:OrdinaryShareClass2 2025-07-31 03901804 bus:OrdinaryShareClass2 2024-07-31 03901804 bus:OrdinaryShareClass3 2025-07-31 03901804 bus:OrdinaryShareClass3 2024-07-31 03901804 bus:AllOrdinaryShares 2025-07-31 03901804 bus:AllOrdinaryShares 2024-07-31 03901804 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 03901804 bus:FRS102 2024-08-01 2025-07-31 03901804 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 03901804 bus:Director2 2024-08-01 2025-07-31 03901804 bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 03901804 bus:FullAccounts 2024-08-01 2025-07-31 xbrli:pure xbrli:shares iso4217:GBP