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REGISTERED NUMBER: SC757093 (Scotland)















Unaudited Financial Statements

for the Period 31 January 2023 to 31 January 2024

for

Panacea Homeware Ltd

Panacea Homeware Ltd (Registered number: SC757093)






Contents of the Financial Statements
for the Period 31 January 2023 to 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 4

Panacea Homeware Ltd

Company Information
for the Period 31 January 2023 to 31 January 2024







DIRECTOR: B.A McArdle





REGISTERED OFFICE: Unit 3
37 Rosyth Road
Morris Park
Glasgow
G5 0YE





REGISTERED NUMBER: SC757093 (Scotland)





ACCOUNTANTS: Key Professional Partnership Ltd
Unit 3
Morris Park
37 Rosyth Road
Glasgow
G5 0YE

Panacea Homeware Ltd (Registered number: SC757093)

Balance Sheet
31 January 2024

Notes £   
CURRENT ASSETS
Stocks 4 82
Cash at bank and in hand 157
239
CREDITORS
Amounts falling due within one year 5 1,860
NET CURRENT LIABILITIES (1,621 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,621

)

CAPITAL AND RESERVES
Called up share capital 6 1
Retained earnings 7 (1,622 )
SHAREHOLDERS' FUNDS (1,621 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2024 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 June 2024 and were signed by:





B.A McArdle - Director


Panacea Homeware Ltd (Registered number: SC757093)

Notes to the Financial Statements
for the Period 31 January 2023 to 31 January 2024

1. STATUTORY INFORMATION

Panacea Homeware Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. STOCKS
£   
Stocks 82

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Directors' current accounts 1,260
Accrued expenses 600
1,860

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1 1

7. RESERVES
Retained
earnings
£   

Deficit for the period (1,622 )
At 31 January 2024 (1,622 )

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Panacea Homeware Ltd

The following reproduces the text of the report prepared for the director 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 Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Panacea Homeware Ltd for the period ended 31 January 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Panacea Homeware Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Panacea Homeware Ltd and state those matters that we have agreed to state to the director of Panacea Homeware Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Panacea Homeware Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Panacea Homeware Ltd. You consider that Panacea Homeware Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Panacea Homeware Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Key Professional Partnership Ltd
Unit 3
Morris Park
37 Rosyth Road
Glasgow
G5 0YE


3 June 2024