PAQM Aero Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07733432 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

PAQM AERO LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A Gaitens

REGISTERED OFFICE:

10 Jesus Lane

Cambridge

Cambridgeshire

CB5 8BA

REGISTERED NUMBER:

07733432 (England and Wales)

ACCOUNTANTS:

Thompson Taraz Rand Ltd

Chartered Accountants

10 Jesus Lane

Cambridge

Cambridgeshire

CB5 8BA

FIXED ASSETS

Tangible assets

5

361

482

CURRENT ASSETS

Debtors

6

14,964

-

Cash at bank

430,534

396,378

445,498

396,378

CREDITORS

Amounts falling due within one year

7

(61,655

)

(71,746

)

NET CURRENT ASSETS

383,843

324,632

TOTAL ASSETS LESS CURRENT LIABILITIES

384,204

325,114

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

384,202

325,112

SHAREHOLDERS' FUNDS

384,204

325,114

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 May 2024 and were signed by:

A Gaitens - Director

1.	STATUTORY INFORMATION

PAQM Aero Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of consultancy services, exclusive of value added tax.

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 etc

-

33.33% on cost and 25% on reducing balance

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2022

and 31 August 2023

3,120

DEPRECIATION

At 1 September 2022

2,638

Charge for year

121

At 31 August 2023

2,759

NET BOOK VALUE

At 31 August 2023

361

At 31 August 2022

482

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

as restated

£

£

Trade debtors

13,405

-

Other debtors

1,559

-

14,964

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

as restated

£

£

Trade creditors

-

16,924

Taxation and social security

16,718

16,571

Other creditors

44,937

38,251

61,655

71,746

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

as restated

£

£

1

Ordinary

£1

1

1

1

Ordinary A

£1

1

1

2

2

9.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the director £43,064 (2022: £35,831) the amount bears no interest, is repayable on demand and included within creditors due in less than one year.