REGISTERED NUMBER: 10416299 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Passiframe Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S S Adams

REGISTERED OFFICE:

Unit 160b

Lydney Harbour Estate

Harbour Road,

Lydney

Gloucestershire

GL15 4EJ

REGISTERED NUMBER:

10416299 (England and Wales)

ACCOUNTANTS:

Francis & Co

Second Floor

123 Promenade

Cheltenham

Gloucestershire

GL50 1NW

FIXED ASSETS

Tangible assets

4

159,750

151,225

CURRENT ASSETS

Stocks

244,299

276,677

Debtors

5

107,978

73,802

Cash at bank

63,525

49,177

415,802

399,656

CREDITORS

Amounts falling due within one year

6

127,150

109,470

NET CURRENT ASSETS

288,652

290,186

TOTAL ASSETS LESS CURRENT LIABILITIES

448,402

441,411

CREDITORS

Amounts falling due after more than one year

7

252,646

308,218

NET ASSETS

195,756

133,193

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

195,754

133,191

SHAREHOLDERS' FUNDS

195,756

133,193

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

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

The director acknowledges his 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 director and authorised for issue on 29 May 2026 and were signed by:

Mr S S Adams - Director

1.	STATUTORY INFORMATION

Passiframe Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 10% on 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 November 2024

30,000

174,178

204,178

Additions

-

25,184

25,184

At 31 October 2025

30,000

199,362

229,362

DEPRECIATION

At 1 November 2024

-

52,953

52,953

Charge for year

-

16,659

16,659

At 31 October 2025

-

69,612

69,612

NET BOOK VALUE

At 31 October 2025

30,000

129,750

159,750

At 31 October 2024

30,000

121,225

151,225

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

6,143

-

Other debtors

101,835

73,802

107,978

73,802

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

10,374

10,374

Trade creditors

63,637

83,039

Taxation and social security

36,200

13,496

Other creditors

16,939

2,561

127,150

109,470

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans

710

5,541

Other creditors

251,936

302,677

252,646

308,218