REGISTERED NUMBER: 09611557 (England and Wales)

PACE SYSTEMS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 28 MAY 2015 TO 30 APRIL 2016

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

4

to

5

DIRECTORS:

R J Dyer

L G Leek

S Turner

SECRETARY:

REGISTERED OFFICE:

Head Office: PO Box 7088

Aldridge

Walsall

England

WS9 1ED

REGISTERED NUMBER:

09611557 (England and Wales)

ACCOUNTANTS:

Four Oaks Taxation & Accounting Services Limited

Suite D, Astor House

282 Lichfield Road

Four Oaks

Sutton Coldfield

West Midlands

B74 2UG

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the balance sheet you are responsible for the preparation of the financial statements for the period ended 30 April 2016 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Four Oaks Taxation & Accounting Services Limited

Suite D, Astor House

282 Lichfield Road

Four Oaks

Sutton Coldfield

West Midlands

B74 2UG

27 February 2017

FIXED ASSETS

Tangible assets

2

989

CURRENT ASSETS

Debtors

3

18,578

Cash at bank

20,355

38,933

CREDITORS

Amounts falling due within one year

4

39,109

NET CURRENT LIABILITIES

(176

)

TOTAL ASSETS LESS CURRENT LIABILITIES

813

CAPITAL AND RESERVES

Called up share capital

5

3

Profit and loss account

6

810

SHAREHOLDERS' FUNDS

813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2016 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.

The financial statements were approved by the Board of Directors on 27 February 2017 and were signed on its behalf by:

R J Dyer - Director

S Turner - Director

L G Leek - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding 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.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

1,482

At 30 April 2016

1,482

DEPRECIATION

Charge for period

493

At 30 April 2016

493

NET BOOK VALUE

At 30 April 2016

989

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

18,578

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

8,901

Taxation and social security

20,292

Other creditors

9,916

39,109

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

3

Ordinary

1

3

6.

RESERVES

Profit

and loss

account

£

Profit for the period

44,310

Dividends

(43,500

)

At 30 April 2016

810