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PAWIN LTD

Registered Number
10976094
(England and Wales)

Unaudited Financial Statements for the Period ended
29 May 2024

PAWIN LTD
Company Information
for the period from 1 June 2023 to 29 May 2024

Director

SUPPADUNGCHON, Prasong

Registered Address

Monkey And Me
114-115 Crawford Street
London
W1H 2JQ

Registered Number

10976094 (England and Wales)
PAWIN LTD
Balance Sheet as at
29 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets315,93919,945
15,93919,945
Current assets
Debtors4411,542255,849
Cash at bank and on hand55,49325,920
467,035281,769
Creditors amounts falling due within one year5(367,736)(185,008)
Net current assets (liabilities)99,29996,761
Total assets less current liabilities115,238116,706
Creditors amounts falling due after one year6(45,805)(20,752)
Provisions for liabilities7(3,028)(3,651)
Net assets66,40592,303
Capital and reserves
Called up share capital100100
Profit and loss account66,30592,203
Shareholders' funds66,40592,303
The financial statements were approved and authorised for issue by the Director on 27 February 2025, and are signed on its behalf by:
SUPPADUNGCHON, Prasong
Director
Registered Company No. 10976094
PAWIN LTD
Notes to the Financial Statements
for the period ended 29 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
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.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery25-
Fixtures and fittings15-
Office Equipment-33.33
2.Average number of employees

20242023
Average number of employees during the year5023
3.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 June 2322,16516,5763,18141,922
Additions-750-750
At 29 May 2422,16517,3263,18142,672
Depreciation and impairment
At 01 June 2313,3546,8711,75221,977
Charge for year2,2031,4931,0604,756
At 29 May 2415,5578,3642,81226,733
Net book value
At 29 May 246,6088,96236915,939
At 31 May 238,8119,7051,42919,945
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables10,58810,065
Amounts owed by group undertakings400,954245,784
Total411,542255,849
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables30,26630,647
Bank borrowings and overdrafts11,61823,857
Amounts owed to related parties-845
Taxation and social security136,18388,725
Other creditors71,81419,535
Accrued liabilities and deferred income117,85521,399
Total367,736185,008
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts45,80520,752
Total45,80520,752
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)3,0283,651
Total3,0283,651
8.Related party transactions
Other creditors includes amounts owed from the directors of £10,096 (2023: £17,706) during the year. This represents an interest free loan. The reporting entity has undertaken transactions with the following companies under normal business terms: - Thai Tana Ltd: associated by virtue of common majority shareholder, balance due to the reporting entity was £69,049 (2023: £149,984) - Old Tom Oxford Ltd: associated by virtue of controlling parties being associates, balance due to the reporting entity was £137,750 (2023: £95,800)