Pacheco Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08294290 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 DECEMBER 2017 TO 31 MARCH 2019

FOR

PACHECO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S A Pacheco

R E Bettis

Mrs K K Bettis

G Pacheco

REGISTERED OFFICE:

61 Station Road

Sudbury

Suffolk

CO10 2SP

REGISTERED NUMBER:

08294290 (England and Wales)

ACCOUNTANTS:

Seago and Stopps

Chartered Certified Accountants

61 Station Road

Sudbury

Suffolk

CO10 2SP

FIXED ASSETS

110,413

Tangible assets

4

-

CURRENT ASSETS

5,403

Debtors

5

-

6,981

Cash at bank

528

12,384

528

CREDITORS

1,607,588

Amounts falling due within one year

6

1,279,532

(1,595,204

)

NET CURRENT LIABILITIES

(1,279,004

)

(1,484,791

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,279,004

)

CAPITAL AND RESERVES

100

Called up share capital

7

100

(1,484,891

)

Retained earnings

(1,279,104

)

(1,484,791

)

SHAREHOLDERS' FUNDS

(1,279,004

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2019 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 28 August 2019 and were signed on its behalf by:

Mrs K K Bettis - Director

1.	STATUTORY INFORMATION

Pacheco 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

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.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on cost

Financial instruments

The company enters into basic financial instrument transactions, as appropriate and as and when

required, that result in the recognition of financial assets and liabilities within the financial statements

such as trade and other accounts receivable and payable, bank loans and hire purchase and lease

contracts.

Taxation

Taxation for the period 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet 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 period 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

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

of the lease.

Going concern

At present the company is not trading, has no debts (other than those to related parties) and continues

to be supported by the aforementioned related parties. Given the above the accounts have been

prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2017 - 53 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

Computer

Totals

Property

machinery

fittings

equipment

£

£

£

£

£

COST

At 1 December 2017

314,612

9,525

104

302,321

2,662

Disposals

(314,612

)

(9,525

)

(104

)

(302,321

)

(2,662

)

At 31 March 2019

-

-

-

-

-

DEPRECIATION

At 1 December 2017

204,199

-

104

201,433

2,662

Eliminated on disposal

(204,199

)

-

(104

)

(201,433

)

(2,662

)

At 31 March 2019

-

-

-

-

-

NET BOOK VALUE

At 31 March 2019

-

-

-

-

-

At 30 November 2017

110,413

9,525

-

100,888

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

30.11.17

£

£

Prepayments

-

5,403

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

30.11.17

£

£

Trade creditors

-

5,562

VAT

47

39,839

Loan from ASR

1,016,856

1,373,135

Directors' current accounts

262,624

188,998

Accrued expenses

5

54

1,279,532

1,607,588

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

30.11.17

value:

£

£

100

Ordinary

£1

100

100