REGISTERED NUMBER: 03632206 (England and Wales)

PAY DATA LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTORS:

P A Hajduk

T G A Kellett

SECRETARY:

P A Hajduk

REGISTERED OFFICE:

24 Commerce Road

Lynch Wood

Peterborough

Cambridgeshire

PE2 6LR

REGISTERED NUMBER:

03632206 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Intangible assets

4

120,025

109,730

Tangible assets

5

143,832

8,489

263,857

118,219

CURRENT ASSETS

Debtors

6

248,980

307,990

Cash at bank

466,356

594,790

715,336

902,780

CREDITORS

Amounts falling due within one year

7

396,767

392,539

NET CURRENT ASSETS

318,569

510,241

TOTAL ASSETS LESS CURRENT LIABILITIES

582,426

628,460

CREDITORS

Amounts falling due after more than one year

8

(128,998

)

(8,773

)

PROVISIONS FOR LIABILITIES

11

(31,281

)

(1,790

)

NET ASSETS

422,147

617,897

CAPITAL AND RESERVES

Called up share capital

12

190

190

Capital redemption reserve

500

500

Own shares reserve

405

405

Retained earnings

421,052

616,802

SHAREHOLDERS' FUNDS

422,147

617,897

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2026 and were signed on its behalf by:

T G A Kellett - Director

1.	STATUTORY INFORMATION

Pay Data Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland ("FRS 102") including the provisions of Section 1A "Small Entities" and the Companies Act 2006, and including the amendments arising from the Financial Reporting Council's periodic review published in March 2025. The company has elected to early adopt these amendments, which are effective for accounting periods beginning on or after 1 January 2026.

Turnover

Fee income represents revenue earned under a wide variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Fee income that is contingent on events outside the control of the company is recognised when the contingent event occurs.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of 4 years.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the asset less estimated residual value of each asset over its useful life, as follows:

Fixtures, fittings and equipment - 33% straight line (after 5% as the salvage value)

Improvements to leasehold property - straight line over the term of the lease (5 years)

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments

Rental paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the income statement in the year they are payable.

Early adoption of revised frs 102 (2025 amendments)

The company has early adopted the 2025 amendments to FRS 102. The areas relevant to the company include revised lease accounting requirements and updated revenue recognition principles.

On early adoption, the company recognised right of use assets and lease liabilities for qualifying operating leases under the revised Section 20 requirements. The revised revenue recognition requirements did not result in any material adjustments. The impact on opening reserves was not material.

The impact of adoption on the financial statements at 31 August 2025 was:

Recognition of right-of-use assets £153,923

Recognition of lease liabilities £139,653

Recognition of interest £4,167

Leases

The company recognises a right-of-use asset and a corresponding lease liability at the commencement date of leases, except for short-term leases and leases of low-value assets.

The lease liability is initially measured at the present value of lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, where that cannot be readily determined, the company's incremental borrowing rate.

The right-of-use asset is initially measured at cost, comprising the amount of the initial lease liability, any lease payments made at or before commencement date, less lease incentives received.

Subsequently, the lease liability is measured at amortised cost using the effective interest method and reduced by lease payments made. The right-of-use asset is depreciated on a straight-line basis over the shorter of the lease term and the useful life of the underlying asset.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 September 2024

109,730

Additions

15,513

At 31 August 2025

125,243

AMORTISATION

Charge for year

5,218

At 31 August 2025

5,218

NET BOOK VALUE

At 31 August 2025

120,025

At 31 August 2024

109,730

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 September 2024

-

90,622

90,622

Additions

153,923

1,995

155,918

At 31 August 2025

153,923

92,617

246,540

DEPRECIATION

At 1 September 2024

-

82,133

82,133

Charge for year

16,033

4,542

20,575

At 31 August 2025

16,033

86,675

102,708

NET BOOK VALUE

At 31 August 2025

137,890

5,942

143,832

At 31 August 2024

-

8,489

8,489

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

150,508

170,072

Other debtors

98,472

137,918

248,980

307,990

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

8,776

10,291

Trade creditors

10,301

40,105

Taxation and social security

128,075

160,752

Other creditors

249,615

181,391

396,767

392,539

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

8,773

Other creditors

128,998

-

128,998

8,773

9.	LEASING AGREEMENTS

Total financial commitments, guarantees and contingencies which are not included in the statement of financial position amount to £Nil (2024: £207,708).

10.	SECURED DEBTS

The assets and liabilities of the company are secured by a debenture to the bank dated 16 January 2002.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

31,281

1,790

Deferred

Other

tax

provisions

£

£

Balance at 1 September 2024

1,790

1,963

Provided during year

2,058

(173

)

Prior year adjustment

27,433

-

Balance at 31 August 2025

31,281

1,790

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

190

Ordinary

50p

94

94

155

A Ordinary

50p

78

78

35

B Ordinary

50p

18

18

190

190

13.	RELATED PARTY DISCLOSURES

Information about related party transactions and outstanding balances is outlined below:

Amite Limited

A company where Paul Hajduk is a director

2025

2024

£

£

Sales

186,875

166,679

Purchases

182,193

113,349

Amount (from) / due to the related party

38,612

17,976

P&G 2014 Limited

A company where Paul Hajduk is a director

2025

2024

£

£

Purchases

75,207

21,619

Amount due from the related party

5,196

Nil

Outstanding balances due to the related parties are unsecured and are repayable on demand.

14.	GOING CONCERN

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future and will be able to realise its assets and settle its liabilities in the normal course of business.

The directors have considered the impact of adopting FRS 102 changes early, including the recognition of right-of-use assets and lease liabilities. The directors are satisfied that the company has adequate resources to continue in operational existence for at least 12 months from the reporting date. Consequently, the financial statements do not include any adjustments that would be required if the company were unable to continue as a going concern.There are no material uncertainties relating to going concern.

15.

DIVIDEND

During the year, dividends of £497,450 (2024: £187,763) were paid to equity shareholders.

16.	DIRECTORS' REMUNERATION

The total remuneration paid to directors during the year was £41,419 (2024: £24,907).