Company Registration No. 10559210 (England and Wales)
PACE IT SYSTEMS HOLDINGS LTD
Unaudited accounts
for the year ended 31 March 2023
PACE IT SYSTEMS HOLDINGS LTD
Unaudited accounts
Contents
PACE IT SYSTEMS HOLDINGS LTD
Company Information
for the year ended 31 March 2023
Directors
A Brown
D Ritchie
Company Number
10559210 (England and Wales)
Registered Office
STONEBRIDGE HOUSE WAKEFIELD ROAD
HORBURY
WAKEFIELD
WF4 5HQ
ENGLAND
Accountants
AAC Chartered Accountants
Unit 2, Batley Business Park
Technology Drive
BATLEY
WEST YORKSHIRE
WF17 6ER
PACE IT SYSTEMS HOLDINGS LTD
Statement of financial position
as at 31 March 2023
Intangible assets
203,121
203,121
Tangible assets
410,483
410,483
Cash at bank and in hand
13,371
17,400
Creditors: amounts falling due within one year
(1,939)
(91,639)
Net current assets
23,069
29,641
Total assets less current liabilities
636,673
643,245
Creditors: amounts falling due after more than one year
(255,000)
(280,000)
Net assets
381,673
363,245
Called up share capital
100
100
Profit and loss account
381,573
363,145
Shareholders' funds
381,673
363,245
For the year ending 31 March 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 January 2024 and were signed on its behalf by
A Brown
Director
Company Registration No. 10559210
PACE IT SYSTEMS HOLDINGS LTD
Notes to the Accounts
for the year ended 31 March 2023
PACE IT SYSTEMS HOLDINGS LTD is a private company, limited by shares, registered in England and Wales, registration number 10559210. The registered office is STONEBRIDGE HOUSE WAKEFIELD ROAD, HORBURY, WAKEFIELD, WF4 5HQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not Depreciated
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
PACE IT SYSTEMS HOLDINGS LTD
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2022
410,000
483
410,483
At 31 March 2023
410,000
483
410,483
At 31 March 2023
410,000
483
410,483
At 31 March 2022
410,000
483
410,483
Amounts falling due within one year
Amounts falling due after more than one year
Amounts due from group undertakings etc.
-
100,001
7
Creditors: amounts falling due within one year
2023
2022
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
255,000
280,000
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
