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Company Registration No. 02935157 (England and Wales)
PANTEX INTERNATIONAL LIMITED Unaudited accounts for the year ended 30 June 2023
PANTEX INTERNATIONAL LIMITED Unaudited accounts Contents
Page
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PANTEX INTERNATIONAL LIMITED Company Information for the year ended 30 June 2023
Director
Manzoor Hasnain Haider
Company Number
02935157 (England and Wales)
Registered Office
72 WIMBLEODN STADIUM BUSINESS CENTRE ROSEMARY ROAD LONDON SW17 0BA
Accountants
Warrenwood Insystems Ltd Suite 8, Claremont Business Centre 6 Claremont Road Surbiton Surrey KT6 4RA
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PANTEX INTERNATIONAL LIMITED Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
127,517 
76,082 
Current assets
Debtors
109,383 
77,135 
Cash at bank and in hand
305,531 
375,104 
414,914 
452,239 
Creditors: amounts falling due within one year
(124,414)
(81,657)
Net current assets
290,500 
370,582 
Total assets less current liabilities
418,017 
446,664 
Creditors: amounts falling due after more than one year
(72,500)
(74,893)
Provisions for liabilities
Deferred tax
(800)
- 
Net assets
344,717 
371,771 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
344,617 
371,671 
Shareholders' funds
344,717 
371,771 
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 15 March 2024 and were signed on its behalf by
Manzoor Hasnain Haider Director Company Registration No. 02935157
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PANTEX INTERNATIONAL LIMITED Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
PANTEX INTERNATIONAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02935157. The registered office is 72 WIMBLEODN STADIUM BUSINESS CENTRE, ROSEMARY ROAD, LONDON, SW17 0BA.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Over the period of lease
Plant & machinery
25% Reducing balance
Motor vehicles
15% Reducing balance
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when paid.
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PANTEX INTERNATIONAL LIMITED Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2022
60,428 
64,624 
173,929 
298,981 
Additions
- 
13,870 
56,797 
70,667 
At 30 June 2023
60,428 
78,494 
230,726 
369,648 
Depreciation
At 1 July 2022
30,813 
61,874 
130,212 
222,899 
Charge for the year
- 
4,155 
15,077 
19,232 
At 30 June 2023
30,813 
66,029 
145,289 
242,131 
Net book value
At 30 June 2023
29,615 
12,465 
85,437 
127,517 
At 30 June 2022
29,615 
2,750 
43,717 
76,082 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
5,050 
5,099 
Trade debtors
64,928 
27,991 
Accrued income and prepayments
3,330 
261 
Other debtors
36,075 
43,784 
109,383 
77,135 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
15,000 
15,107 
Trade creditors
28,377 
38,524 
Taxes and social security
1,995 
14,544 
Proposed dividends
50,000 
- 
Other creditors
524 
102 
Loans from directors
7,967 
(7,671)
Accruals
20,551 
21,051 
124,414 
81,657 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
72,500 
74,893 
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PANTEX INTERNATIONAL LIMITED Notes to the Accounts for the year ended 30 June 2023
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
800 
- 
2023 
2022 
£ 
£ 
Charged to the profit and loss account
800 
- 
Provision at end of year
800 
- 
The amount of £800 deferred tax provision computed at year end. Under FRS 10 the provision should be calculated at the rates ruling when the timing difference will reverse.
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Pension commitments
The company operates a defined contributions pension scheme The assets of the scheme are held separately from those of the company in an independently administered fund. Th Penson cost charged represents contribution payable by the company to the fund and comprise amounting to £63,169 to the directors and £344 to the staff.
11
Operating lease commitments
2023 
2022 
£ 
£ 
At 30 June 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
18,000 
18,000 
12
Transactions with related parties
The company was under the control of Mr Manzoor Hasnain Haider and Ruhi Hider own 50% each of the ordinary share capital. At the balance sheet date the company owed amounting to £7,967 to Mr Manzoor H Haider.
13
Average number of employees
During the year the average number of employees was 10 (2022: 10).
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