Pass Now Ltd - Period Ending 2022-03-31

Pass Now Ltd

Contents

Company Information	1
Directors' Report	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	3
Detailed Profit and Loss Account	5

Pass Now Ltd

Company Information

Directors

Mr Paul Hughes-King Mrs Lorraine Hughes-King

Registered office

25 Clinton Place Seaford East Sussex BN25 1NP

Accountants

Shoreline Accountants Ltd 25 Clinton Place Seaford East Sussex BN25 1NP

Pass Now Ltd

Directors' Report for the Year Ended 31 March 2022

The directors present their report and the financial statements for the year ended 31 March 2022.

This report has been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.

Directors of the company

The directors who held office during the year were as follows:

Mr Paul Hughes-King

Mrs Lorraine Hughes-King

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 19 November 2022 and signed on its behalf by:

......................................... Mr Paul Hughes-King Director

......................................... Mrs Lorraine Hughes-King Director

Pass Now Ltd

(Registration number: 08355048)
Balance Sheet as at 31 March 2022

	2022 £	2021 £
Fixed assets	775	1,033
Current assets	46,452	26,750
Prepayments and accrued income	-	(3,593)
Creditors: Amounts falling due within one year	(11,758)	(10,071)
Net current assets	34,694	13,086
Total assets less current liabilities	35,469	14,119
Accruals and deferred income	(10,600)	(600)
	24,869	13,519
Capital and reserves	24,869	13,519

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
25 Clinton Place
Seaford
East Sussex
BN25 1NP
England

These financial statements were authorised for issue by the Board on 19 November 2022.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2021 - 2).

For the financial year ending 31 March 2022 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Pass Now Ltd

(Registration number: 08355048)
Balance Sheet as at 31 March 2022

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 19 November 2022 and signed on its behalf by:
 

......................................... Mr Paul Hughes-King Director

......................................... Mrs Lorraine Hughes-King Director

Pass Now Ltd

Detailed Profit and Loss Account for the Year Ended 31 March 2022

	2022 £	2021 £
Turnover
Sale of goods, UK	82,874	57,904
Other revenue	496	7,687
Interest received	3	1
	83,373	65,592
Employment costs
Wages and salaries (excluding directors)	(1,034)	(21,670)
Directors remuneration	(8,840)	-
Staff pensions (Defined contribution)	(226)	(410)
Staff training	(24)	-
	(10,124)	(22,080)
Establishment costs
Insurance	(384)	(180)
Use of home as office	(480)	(480)
	(864)	(660)
General administrative expenses
Telephone and fax	(683)	(723)
Computer software and maintenance costs	(152)	(288)
Printing, postage and stationery	(342)	(488)
Trade subscriptions	(40)	-
Advertising	(5,072)	(4,308)
Accountancy fees	(860)	(710)
	(7,149)	(6,517)
Finance charges
Bank charges	(3,419)	(2,268)
Depreciation costs
Depreciation of office equipment (owned)	(258)	(344)
Operating profit	61,559	33,723
Profit before tax	61,559	33,723