0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,509 1,198 78 1,276 233 311 xbrli:pure xbrli:shares iso4217:GBP SC563377 2023-05-01 2024-04-30 SC563377 2024-04-30 SC563377 2023-04-30 SC563377 2022-05-01 2023-04-30 SC563377 2023-04-30 SC563377 2022-04-30 SC563377 bus:LeadAgentIfApplicable 2023-05-01 2024-04-30 SC563377 bus:Director1 2023-05-01 2024-04-30 SC563377 bus:Director2 2023-05-01 2024-04-30 SC563377 core:WithinOneYear 2024-04-30 SC563377 core:WithinOneYear 2023-04-30 SC563377 core:ShareCapital 2024-04-30 SC563377 core:ShareCapital 2023-04-30 SC563377 core:RetainedEarningsAccumulatedLosses 2024-04-30 SC563377 core:RetainedEarningsAccumulatedLosses 2023-04-30 SC563377 bus:SmallEntities 2023-05-01 2024-04-30 SC563377 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 SC563377 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC563377 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC563377 bus:FullAccounts 2023-05-01 2024-04-30 SC563377 core:ComputerEquipment 2023-05-01 2024-04-30 SC563377 core:ComputerEquipment 2024-04-30 SC563377 core:ComputerEquipment 2023-04-30 SC563377 1 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: SC563377
Pan Coaching Limited
Filleted Unaudited Financial Statements
30 April 2024
Pan Coaching Limited
Financial Statements
Year ended 30 April 2024
Contents
Page
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
3
Pan Coaching Limited
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Pan Coaching Limited
Year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Pan Coaching Limited for the year ended 30 April 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given me. As a practising member of ICAS, I am subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of Pan Coaching Limited, as a body. My work has been undertaken solely to prepare for your approval the financial statements of Pan Coaching Limited and state those matters that I have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Pan Coaching Limited and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that Pan Coaching Limited 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 Pan Coaching Limited. You consider that Pan Coaching Limited is exempt from the statutory audit requirement for the year. I have not been instructed to carry out an audit or a review of the financial statements of Pan Coaching Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
GILLILAND & COMPANY Chartered Accountants
216 West George Street Glasgow G2 2PQ
25 July 2024
Pan Coaching Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
233
311
Current assets
Cash at bank and in hand
53,699
104,757
Creditors: amounts falling due within one year
5
651
651
--------
---------
Net current assets
53,048
104,106
--------
---------
Total assets less current liabilities
53,281
104,417
--------
---------
Net assets
53,281
104,417
--------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
53,280
104,416
--------
---------
Shareholders funds
53,281
104,417
--------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 25 July 2024 , and are signed on behalf of the board by:
Ms A Gillespie
Mr P McHugh
Director
Director
Company registration number: SC563377
Pan Coaching Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 216 West George Street, G2 2PQ, Glasgow.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investment that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Tangible assets
Equipment
£
Cost
At 1 May 2023 and 30 April 2024
1,509
-------
Depreciation
At 1 May 2023
1,198
Charge for the year
78
-------
At 30 April 2024
1,276
-------
Carrying amount
At 30 April 2024
233
-------
At 30 April 2023
311
-------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
651
651
----
----
6. Controlling party
The company was under the control of Ms A Gillespie throughout the period.