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REGISTERED NUMBER: 06940305 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

PANCOM LTD.

PANCOM LTD. (REGISTERED NUMBER: 06940305)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PANCOM LTD.

COMPANY INFORMATION
For The Year Ended 31 July 2024







DIRECTOR: C W Rowland





REGISTERED OFFICE: 4 Office Village
Forder Way
Cygnet Park
Hampton
Cambridgeshire
PE7 8GX





REGISTERED NUMBER: 06940305 (England and Wales)





ACCOUNTANTS: TC CH Limited
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

PANCOM LTD. (REGISTERED NUMBER: 06940305)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,682 4,817
3,682 4,817

CURRENT ASSETS
Debtors 6 3,455 532
Cash at bank 217,601 184,054
221,056 184,586
CREDITORS
Amounts falling due within one year 7 145,027 162,534
NET CURRENT ASSETS 76,029 22,052
TOTAL ASSETS LESS CURRENT LIABILITIES 79,711 26,869

PROVISIONS FOR LIABILITIES 8 837 838
NET ASSETS 78,874 26,031

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 78,864 26,021
SHAREHOLDERS' FUNDS 78,874 26,031

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

PANCOM LTD. (REGISTERED NUMBER: 06940305)

BALANCE SHEET - continued
31 July 2024


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 7 May 2025 and were signed by:





C W Rowland - Director


PANCOM LTD. (REGISTERED NUMBER: 06940305)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2024


1. STATUTORY INFORMATION

Pancom Ltd. 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.


PANCOM LTD. (REGISTERED NUMBER: 06940305)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2024


2. ACCOUNTING POLICIES - continued
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.

Debtors
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 10,000
AMORTISATION
At 1 August 2023
and 31 July 2024 10,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

PANCOM LTD. (REGISTERED NUMBER: 06940305)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2024


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023
and 31 July 2024 26,219 9,995 6,716 42,930
DEPRECIATION
At 1 August 2023 25,163 7,623 5,327 38,113
Charge for year 264 593 278 1,135
At 31 July 2024 25,427 8,216 5,605 39,248
NET BOOK VALUE
At 31 July 2024 792 1,779 1,111 3,682
At 31 July 2023 1,056 2,372 1,389 4,817

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 2,292 -
Prepayments 1,163 532
3,455 532

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 13,390 -
VAT - 842
Directors' current accounts 130,206 160,366
Accrued expenses 1,431 1,326
145,027 162,534

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 837 838

Deferred
tax
£   
Balance at 1 August 2023 838
Provided during year (1 )
Balance at 31 July 2024 837

PANCOM LTD. (REGISTERED NUMBER: 06940305)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary £1 10 10

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end included in other creditors is a loan from the director of £130,205 (2023 - £160,366). This loan is interest free and payable on demand.

11. ULTIMATE CONTROLLING PARTY

By virtue of his 100% shareholding, C Rowland has a controlling interest in the company.