PACM LIMITED
PACM LIMITED
Registered number: 09113581
Unaudited ABRIDGED Financial Statements
For The Year Ended
31 December 2022
PACM LIMITED
Unaudited Financial Statements
For The Year Ended
31 December 2022
Unaudited Financial Statements
Contents | |
Page | |
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Abridged Balance Sheet | 1—2 |
Notes to the Abridged Financial Statements | 3 |
Page 1
PACM LIMITED
Abridged Balance Sheet
As At
31 December 2022
Abridged Balance Sheet
Registered number:
09113581
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2022 in accordance with section 444(2A) of the Companies Act 2006.
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Notes | £ | £ | £ | £ | |
CURRENT ASSETS | |||||
Debtors |
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Investments |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year |
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NET LIABILITIES |
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CAPITAL AND RESERVES | |||||
Called up share capital | 4 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | (367,488) | (188,131) | |||
Page 1
Page 2
PACM LIMITED
Abridged Balance Sheet (continued)
As At
31 December 2022
On behalf of the board
Director
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The notes on page 3 form part of these financial statements.
Page 2
Page 3
PACM LIMITED
Notes to the Abridged Financial Statements
For The Year Ended
31 December 2022
Notes to the Abridged Financial Statements
1.
General Information
PACM LIMITED
is a private company, limited by shares, incorporated in England & Wales, registered number
09113581
. The registered office is 20 Wentworth Park, London, N3 1YG.
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.
Going Concern Disclosure
At 31 December 2021 company had net liabilities. The directors have confirmed their willingness to provide financial support to the company to such an extent, in their opinion, the company will be able to meet its liabilities as they fall due for the forseeable future, being period not less than twelve months from signing of the balance sheet. On this understanding the financial statements have been prepared as a going concern basis.
2.3.
Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2021: 1)
4.
Share Capital
2022 | 2021 | ||
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£ | £ | ||
Allotted, Called up and fully paid |
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Page 3