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REGISTERED NUMBER: 03207970 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Pantech Auto Technicians Limited

Pantech Auto Technicians Limited (Registered number: 03207970)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pantech Auto Technicians Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: D P Panton





SECRETARY:





REGISTERED OFFICE: Unit 2 The A3 Garage
Guildford By Pass
Guildford
Surrey
GU2 7RZ





REGISTERED NUMBER: 03207970 (England and Wales)





ACCOUNTANTS: A S TAXATION LIMITED
59 Lancaster Avenue
Guildford
Surrey
GU1 3JR

Pantech Auto Technicians Limited (Registered number: 03207970)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,019 25,286

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 5 - 436
Cash at bank 42,515 38,303
45,515 41,739
CREDITORS
Amounts falling due within one year 6 41,683 33,913
NET CURRENT ASSETS 3,832 7,826
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,851

33,112

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 26,751 33,012
SHAREHOLDERS' FUNDS 26,851 33,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 30 December 2024 and were signed by:





D P Panton - Director


Pantech Auto Technicians Limited (Registered number: 03207970)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Pantech Auto Technicians 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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

Pantech Auto Technicians Limited (Registered number: 03207970)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 94,533 26,367 120,900
Additions 1,975 - 1,975
At 30 September 2024 96,508 26,367 122,875
DEPRECIATION
At 1 October 2023 70,766 24,848 95,614
Charge for year 3,862 380 4,242
At 30 September 2024 74,628 25,228 99,856
NET BOOK VALUE
At 30 September 2024 21,880 1,139 23,019
At 30 September 2023 23,767 1,519 25,286

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors - 436

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Taxation and social security 28,253 15,227
Other creditors 13,430 18,686
41,683 33,913