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Registered Number: 12463130
England and Wales

 

 

 

PANCHAMP LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 16,946    25,419 
16,946    25,419 
Current assets      
Stocks 4 113,748    103,070 
Debtors 5 26,043    19,183 
Cash at bank and in hand 40,818    16,480 
180,609    138,733 
Creditors: amount falling due within one year 6 (30,869)   (25,491)
Net current assets 149,740    113,242 
 
Total assets less current liabilities 166,686    138,661 
Creditors: amount falling due after more than one year 7 (28,110)   (34,587)
Net assets 138,576    104,074 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 138,575    104,073 
Shareholders' funds 138,576    104,074 
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 25 September 2024 and were signed on its behalf by:


-------------------------------
John Andrew Charles Knight
Director
1
General Information
Panchamp Ltd is a private company, limited by shares, registered in England and Wales, registration number 12463130, registration address 2 Lands End Way, Oakham, Rutland, LE15 6RB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 20% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Total
  £   £
At 01 March 2023 42,364    42,364 
Additions  
Disposals  
At 29 February 2024 42,364    42,364 
Depreciation
At 01 March 2023 16,945    16,945 
Charge for year 8,473    8,473 
On disposals  
At 29 February 2024 25,418    25,418 
Net book values
Closing balance as at 29 February 2024 16,946    16,946 
Opening balance as at 01 March 2023 25,419    25,419 


4.

Stocks

2024
£
  2023
£
Stocks 113,748    103,070 
113,748    103,070 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 22,706    19,183 
Other Debtors 3,337   
26,043    19,183 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors   4,137 
Taxation and Social Security 30,188    20,693 
Other Creditors 681    661 
30,869    25,491 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Other Creditors 28,110    34,587 
28,110    34,587 

2