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Company No: SC667146 (Scotland)

PNA ROBOTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

PNA ROBOTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

PNA ROBOTS LIMITED

COMPANY INFORMATION

For the financial year ended 31 July 2024
PNA ROBOTS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 July 2024
DIRECTORS A Gibbons
P Mellon
N Mellon
REGISTERED OFFICE Suite 37 Grovewood Business Centre
Strathclyde Business Park
Bellshill
United Kingdom
COMPANY NUMBER SC667146 (Scotland)
ACCOUNTANT S&W Partners LLP
4th Floor Cumberland House
15-17 Cumberland Place
Southampton
Hampshire
SO15 2BG
PNA ROBOTS LIMITED

BALANCE SHEET

As at 31 July 2024
PNA ROBOTS LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Investments 4 2,192,021 2,811,804
2,192,021 2,811,804
Current assets
Debtors 5 63,002 0
Cash at bank and in hand 50,652 136,974
113,654 136,974
Creditors: amounts falling due within one year 6 ( 64,214) ( 1,074,284)
Net current assets/(liabilities) 49,440 (937,310)
Total assets less current liabilities 2,241,461 1,874,494
Net assets 2,241,461 1,874,494
Capital and reserves
Called-up share capital 3 3
Profit and loss account 2,241,458 1,874,491
Total shareholders' funds 2,241,461 1,874,494

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of PNA Robots Limited (registered number: SC667146) were approved and authorised for issue by the Board of Directors on 28 April 2025. They were signed on its behalf by:

N Mellon
Director
PNA ROBOTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
PNA ROBOTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

PNA Robots Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Suite 37 Grovewood Business Centre, Strathclyde Business Park, Bellshill, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of PNA Robots Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise on monetary items.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Prior year adjustment

The comparative figures displayed on the Statement of Income and Retained Earnings have been restated for classification and presentational purposes.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

4. Fixed asset investments

Listed investments Other investments Total
£ £ £
Cost or valuation before impairment
At 01 August 2023 2,811,803 1 2,811,804
Additions 525,054 0 525,054
Disposals ( 1,360,344) ( 1) ( 1,360,345)
Movement in fair value 215,508 0 215,508
At 31 July 2024 2,192,021 0 2,192,021
Carrying value at 31 July 2024 2,192,021 0 2,192,021
Carrying value at 31 July 2023 2,811,803 1 2,811,804

5. Debtors

2024 2023
£ £
Other debtors 63,002 0

6. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 6,600 0
Amounts owed to directors 0 1,051,998
Accruals 5,940 5,670
Deferred tax liability 39,240 16,616
Taxation and social security 12,434 0
64,214 1,074,284

7. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 16,616) 0
Charged to the Statement of Income and Retained Earnings ( 22,624) ( 16,616)
At the end of financial year ( 39,240) ( 16,616)

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Repayments made to the director from the company (1,150,000) 0

At the year end, the director owed the Company £63,002 (2023 - £1,051,998 owed to the director by the Company). This loan is unsecured, interest free and repayable on demand

9. Ultimate controlling party

The directors do not consider there to be an ultimate controlling party.