PACE RECOVERY & STORAGE LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03280414

PACE RECOVERY & STORAGE LIMITED

Filleted Unaudited Financial Statements

31 December 2025

PACE RECOVERY & STORAGE LIMITED

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		65,979	77,623

Current assets

Stocks		133,980	116,830
Debtors	6	14,812	31,233
Cash at bank and in hand		373	412
		---------	---------
		149,165	148,475

Creditors: amounts falling due within one year	7	78,786		92,426
		---------		---------
Net current assets			70,379	56,049
			---------	---------
Total assets less current liabilities			136,358	133,672

Creditors: amounts falling due after more than one year	8	152,771	160,549
		---------	---------
Net liabilities		( 16,413)	( 26,877)
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 16,513)	( 26,977)
	--------	--------
Shareholders deficit	( 16,413)	( 26,877)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Directors' responsibilities:

- The 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 Act with respect to accounting records and the preparation of financial statements .

PACE RECOVERY & STORAGE LIMITED

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 3 September 2026 , and are signed on behalf of the board by:

M Charman

Director

Company registration number: 03280414

PACE RECOVERY & STORAGE LIMITED

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is 792 Wickham Road, Croydon, Surrey, CR0 8EA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Equipment	-	25% reducing balance

Stocks

Stock has been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2024: 9 ).

5. Tangible assets

	Plant and machinery	Equipment	Total
	£	£	£
Cost
At 1 January 2025 and 31 December 2025	158,179	33,860	192,039
	---------	--------	---------
Depreciation
At 1 January 2025	84,480	29,936	114,416
Charge for the year	11,055	589	11,644
	---------	--------	---------
At 31 December 2025	95,535	30,525	126,060
	---------	--------	---------
Carrying amount
At 31 December 2025	62,644	3,335	65,979
	---------	--------	---------
At 31 December 2024	73,699	3,924	77,623
	---------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	1,572	2,826
Other debtors	13,240	28,407
	--------	--------
	14,812	31,233
	--------	--------

All debtors are recoverable within one year of the balance sheet date.

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	35,296	46,236
Trade creditors	7,169	9,813
Social security and other taxes	5,090	4,935
Other creditors	31,231	31,442
	--------	--------
	78,786	92,426
	--------	--------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	19,051	14,383
Other creditors	133,720	146,166
	---------	---------
	152,771	160,549
	---------	---------

9. Directors' advances, credits and guarantees

	2025	2024
	£	£
(advances)/credits
Director Loan Accounts < 1 year - M Charman	21,385	20,428
Director Loan Accounts < 1 year -S Charman	3,535	4,048
Director Loan Account > 1 year	100,000	100,000
	---------	---------
Total	124,920	124,476
	---------	---------

10. Related party transactions

The company was under the control of Mr M Charman throughout the current and previous year. Mr Charman is the managing director and majority shareholder.