PASKAY LIMITED - Accounts

PASKAY LIMITED
Director's Report
For the year ended 31 May 2025

Director's report and financial statements

The director presents his/her/their annual report and the financial statements for the year ended 31 May 2025

Principal activities

The company’s principal activity during the year was the sale of USB memory

Statement of director's responsibilities

The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to

select suitable accounting policies and then apply them consistently
make judgments and accounting estimates that are reasonable and prudent
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Director

The director who served the company throughout the year was as follows:

Paul James LYNCH

On behalf of the board.

----------------------------------
Paul James LYNCH
Director

Date approved: 29 April 2026

PASKAY LIMITED Accountants' Report For the year ended 31 May 2025
Report to the directors on the preparation of the unaudited statutory accounts of PASKAY LIMITED for the year ended 31 May 2025. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PASKAY LIMITED for the year ended 31 May 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/. This report is made solely to the Board of Directors of PASKAY LIMITED, as a body, in accordance with the terms of our engagement letter dated 29 April 2026. Our work has been undertaken solely to prepare for your approval the accounts of PASKAY LIMITED and state those matters that we have agreed to state to the Board of Directors of PASKAY LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PASKAY LIMITED and its Board of Directors as a body for our work or for this report. It is your duty to ensure that PASKAY LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of PASKAY LIMITED. You consider that PASKAY 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 accounts of PASKAY 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 accounts 31 May 2025. .................................................... Growth Accountants Ltd Merlin House Brunel Road Theale Berkshire RG7 4AB 29 April 2026 3

PASKAY LIMITED
Accountants' Report
For the year ended 31 May 2025

Report to the directors on the preparation of the unaudited statutory accounts of PASKAY LIMITED for the year ended 31 May 2025.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PASKAY LIMITED for the year ended 31 May 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/.
This report is made solely to the Board of Directors of PASKAY LIMITED, as a body, in accordance with the terms of our engagement letter dated 29 April 2026. Our work has been undertaken solely to prepare for your approval the accounts of PASKAY LIMITED and state those matters that we have agreed to state to the Board of Directors of PASKAY LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PASKAY LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that PASKAY LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of PASKAY LIMITED. You consider that PASKAY 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 accounts of PASKAY 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 accounts
31 May 2025.

....................................................
Growth Accountants Ltd
Merlin House
Brunel Road
Theale
Berkshire
RG7 4AB
29 April 2026

Registered Number: 05809117 PASKAY LIMITED
Statement of Financial Position
As at 31 May 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	813,024	842,144
		813,024	842,144
Current assets
Stocks	4	60,320	-
Debtors	5	6,000	4,021
Cash at bank and in hand		104,626	74,915
		170,946	78,936
Creditors: amount falling due within one year	6	(510,007)	(353,599)
Net current assets		(339,061)	(274,663)

Total assets less current liabilities		473,963	567,481
Creditors: amount falling due after more than one year	7	(325,435)	(382,768)
Provisions for liabilities	8	(23,435)	-
Net assets		125,093	184,713

Capital and reserves
Called up share capital		2	2
Profit and loss account		125,091	184,711
Shareholders' funds		125,093	184,713

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

Director's responsibilities:

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 their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 29 April 2026 and were signed by:

-------------------------------
Paul James LYNCH
Director

PASKAY LIMITED
Notes to the Financial Statements
For the year ended 31 May 2025

General Information

PASKAY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05809117, registration address DOMUS OXFORD ROAD, TILEHURST READING, RG31 6UT.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the income statement on a straight line basis.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	25% Reducing Balance
Fixtures and Fittings	25% Reducing Balance
Computer Equipment	25% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 30 (2024 : 26).

Tangible fixed assets

Cost or valuation	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Land and Buildings	Total
	£	£	£	£	£
At 01 June 2024	86,273	198,244	13,535	750,000	1,048,052
Additions	-	-	2,127	-	2,127
Disposals	-	-	-	-	-
At 31 May 2025	86,273	198,244	15,662	750,000	1,050,179
Depreciation
At 01 June 2024	50,509	143,830	11,569	-	205,908
Charge for year	11,922	18,138	1,187	-	31,247
On disposals	-	-	-	-	-
At 31 May 2025	62,431	161,968	12,756	-	237,155
Net book values
Closing balance as at 31 May 2025	23,842	36,276	2,906	750,000	813,024
Opening balance as at 01 June 2024	35,764	54,414	1,966	750,000	842,144

The net book value of Land and Buildings includes £ 750,000 (2024 £750,000) in respect of assets leased under finance leases or hire purchase contracts.

Stocks

	2025 £		2024 £
Stocks	60,320		-
	60,320		-

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	-	4,021
Other Debtors	6,000	-
	6,000	4,021

Creditors: amount falling due within one year

	2025 £	2024 £
Bank Loans & Overdrafts (Secured)	28,331	28,331
Corporation Tax	-	7,770
PAYE & Social Security	3,094	33,942
Accrued Expenses	-	6,544
Other Creditors	3,327	12,633
Directors' Current Accounts	475,255	264,379
	510,007	353,599

Creditors: amount falling due after more than one year

	2025 £		2024 £
Bank Loans & Overdrafts (secured)	325,435		382,768
	325,435		382,768

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	23,435		-
	23,435		-

Registered Number: 05809117
England and Wales
Unaudited Financial Statements

for the year ended 31 May 2025
for
PASKAY LIMITED