Registered number
10739956
Pangolini Ltd.
Report and Accounts
30 April 2024
Pangolini Ltd.
Report to the director on the preparation of the unaudited statutory accounts of Pangolini Ltd. for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pangolini Ltd. for the year ended 30 April 2024 which comprise of the Profit and Loss Account, the 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://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
19 September 2024
Pangolini Ltd.
Registered number: 10739956
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,371 2,951
Current assets
Stocks 3,242 1,250
Debtors 4 455 2,703
Cash at bank and in hand 10,901 1,812
14,598 5,765
Creditors: amounts falling due within one year 5 (4,356) (17,969)
Net current assets/(liabilities) 10,242 (12,204)
Net assets/(liabilities) 12,613 (9,253)
Capital and reserves
Called up share capital 500 500
Profit and loss account 12,113 (9,753)
Shareholders' funds 12,613 (9,253)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Morrow
Director
Approved by the board on 19 September 2024
Pangolini Ltd.
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment 3 years reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 8,503
Additions 171
At 30 April 2024 8,674
Depreciation
At 1 May 2023 5,552
Charge for the year 751
At 30 April 2024 6,303
Net book value
At 30 April 2024 2,371
At 30 April 2023 2,951
4 Debtors 2024 2023
£ £
Trade debtors 455 2,703
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 3,331 -
Other taxes and social security costs (2,290) 1,347
Other creditors 3,315 16,622
4,356 17,969
6 Other information
Pangolini Ltd. is a private company limited by shares and incorporated in England. Its registered office is:
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
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