Company Registration No. 08832474 (England and Wales)
Panesar Commercial Management Ltd.
Unaudited accounts
for the year ended 31 January 2024
Panesar Commercial Management Ltd.
Unaudited accounts
Contents
Panesar Commercial Management Ltd.
Company Information
for the year ended 31 January 2024
Director
Manpreet Singh Panesar
Company Number
08832474 (England and Wales)
Registered Office
124 City Road
London
EC1V 2NX
United Kingdom
Panesar Commercial Management Ltd.
Statement of financial position
as at 31 January 2024
Tangible assets
2,365
3,071
Cash at bank and in hand
108,677
23,783
Creditors: amounts falling due within one year
(112,543)
(23,449)
Net current liabilities
(1,047)
(1,472)
Called up share capital
1,000
1,000
Profit and loss account
318
599
Shareholders' funds
1,318
1,599
For the year ending 31 January 2024 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 31 October 2024 and were signed on its behalf by
Manpreet Singh Panesar
Director
Company Registration No. 08832474
Panesar Commercial Management Ltd.
Notes to the Accounts
for the year ended 31 January 2024
Panesar Commercial Management Ltd. is a private company, limited by shares, registered in England and Wales, registration number 08832474. The registered office is 124 City Road, London, EC1V 2NX, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2023
-
7,478
7,478
At 31 January 2024
949
7,811
8,760
At 1 February 2023
-
4,407
4,407
Charge for the year
237
1,751
1,988
At 31 January 2024
237
6,158
6,395
At 31 January 2024
712
1,653
2,365
At 31 January 2023
-
3,071
3,071
Amounts falling due within one year
Other debtors
14,053
4,036
Panesar Commercial Management Ltd.
Notes to the Accounts
for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
35,704
4,469
Proposed dividends
72,000
-
Other creditors
4,161
1,000
Loans from directors
678
17,980
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Average number of employees
During the year the average number of employees was 1 (2023: 1).