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REGISTERED NUMBER: 12730852 (England and Wales)















ORANGE PANDA CLAIMS SERVICES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






ORANGE PANDA CLAIMS SERVICES LIMITED (REGISTERED NUMBER: 12730852)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


ORANGE PANDA CLAIMS SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







Director: B T Robins





Registered office: Unit 2, Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR





Registered number: 12730852 (England and Wales)





Accountants: Roberts & Co
Chartered Accountants
2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR

ORANGE PANDA CLAIMS SERVICES LIMITED (REGISTERED NUMBER: 12730852)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 5,279 3,627

Current assets
Stocks 8,718 13,500
Debtors 5 21,085 12,828
Cash at bank 63,668 90,828
93,471 117,156
Creditors
Amounts falling due within one year 6 36,150 38,226
Net current assets 57,321 78,930
Total assets less current liabilities 62,600 82,557

Capital and reserves
Called up share capital 100 100
Retained earnings 62,500 82,457
Shareholders' funds 62,600 82,557

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 2 January 2025 and were signed by:





B T Robins - Director


ORANGE PANDA CLAIMS SERVICES LIMITED (REGISTERED NUMBER: 12730852)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. Statutory information

Orange Panda Claims Services Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Where the substance of a contract is that the contractual obligations are performed gradually over time, revenue is recognised as contract activity progresses to reflect the partial performance of the contractual obligations. The amount of revenue included reflects the right to consideration as contract activity progresses by reference to the value of work performed.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 1 ) .

ORANGE PANDA CLAIMS SERVICES LIMITED (REGISTERED NUMBER: 12730852)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 August 2023 6,404
Additions 3,411
At 31 July 2024 9,815
Depreciation
At 1 August 2023 2,777
Charge for year 1,759
At 31 July 2024 4,536
Net book value
At 31 July 2024 5,279
At 31 July 2023 3,627

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 4,735 12,828
Other debtors 16,350 -
21,085 12,828

6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 1,049 350
Taxation and social security 34,002 36,159
Other creditors 1,099 1,717
36,150 38,226

7. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£ £
B T Robins
Balance outstanding at start of year - 7,170
Amounts advanced 16,350 -
Amounts repaid - (7,170 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,350 -