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Registered number: 01741408
Pagan Marketing Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Xeinadin South Essex Limited
Cumberland House
24 - 28 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 01741408
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 35,232 46,810
35,232 46,810
CURRENT ASSETS
Stocks 5 85,700 113,852
Debtors 6 395,305 377,227
Cash at bank and in hand 84,923 35,778
565,928 526,857
Creditors: Amounts Falling Due Within One Year 7 (318,595 ) (174,193 )
NET CURRENT ASSETS (LIABILITIES) 247,333 352,664
TOTAL ASSETS LESS CURRENT LIABILITIES 282,565 399,474
Creditors: Amounts Falling Due After More Than One Year 8 (2,280 ) (12,493 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (8,894 )
NET ASSETS 280,285 378,087
CAPITAL AND RESERVES
Called up share capital 10 50 50
Capital redemption reserve 50 50
Income Statement 280,185 377,987
SHAREHOLDERS' FUNDS 280,285 378,087
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Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Jamie Bratt
Director
11/11/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Pagan Marketing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01741408 . The registered office is Cumberland House, 24-28 Baxter Avenue, Southend on Sea, Essex, SS2 6HZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on Reducing Balance
Motor Vehicles 25% on Reducing balance
Fixtures & Fittings 20% on Reducing balance
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2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2024 8,823 101,853 6,416 117,092
Additions - 16,000 - 16,000
Disposals - (36,088 ) - (36,088 )
As at 31 March 2025 8,823 81,765 6,416 97,004
Depreciation
As at 1 April 2024 7,457 56,478 6,347 70,282
Provided during the period 205 11,339 14 11,558
Disposals - (20,068 ) - (20,068 )
As at 31 March 2025 7,662 47,749 6,361 61,772
Net Book Value
As at 31 March 2025 1,161 34,016 55 35,232
As at 1 April 2024 1,366 45,375 69 46,810
5. Stocks
2025 2024
£ £
Stock 85,700 113,852
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 311,863 299,583
Other debtors 83,442 77,644
395,305 377,227
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 4,108
Trade creditors 306,044 157,658
Bank loans and overdrafts 9,957 9,957
Other creditors 2,594 2,470
318,595 174,193
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 2,280 12,493
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 4,108
Later than one year and not later than five years - -
- 4,108
- 4,108
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 50 50
11. Ultimate Controlling Party
The company's ultimate controlling party is J N Bratt by virtue of his ownership of 100% of the issued share capital in the company.
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