Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302025-05-082024-11-302025-05-08truefalse2023-12-01falseNo description of principal activity42trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06847173 2023-12-01 2024-11-30 06847173 2022-12-01 2023-11-30 06847173 2024-11-30 06847173 2023-11-30 06847173 c:Director1 2023-12-01 2024-11-30 06847173 c:Director2 2023-12-01 2024-11-30 06847173 c:Director2 2024-11-30 06847173 c:RegisteredOffice 2023-12-01 2024-11-30 06847173 c:Agent1 2023-12-01 2024-11-30 06847173 d:PlantMachinery 2023-12-01 2024-11-30 06847173 d:PlantMachinery 2024-11-30 06847173 d:PlantMachinery 2023-11-30 06847173 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 06847173 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 06847173 d:MotorVehicles 2023-12-01 2024-11-30 06847173 d:MotorVehicles 2024-11-30 06847173 d:MotorVehicles 2023-11-30 06847173 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 06847173 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 06847173 d:OfficeEquipment 2023-12-01 2024-11-30 06847173 d:OfficeEquipment 2024-11-30 06847173 d:OfficeEquipment 2023-11-30 06847173 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 06847173 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 06847173 d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 06847173 d:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 06847173 d:CurrentFinancialInstruments 2024-11-30 06847173 d:CurrentFinancialInstruments 2023-11-30 06847173 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 06847173 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 06847173 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-30 06847173 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 06847173 d:ShareCapital 2024-11-30 06847173 d:ShareCapital 2023-11-30 06847173 d:RetainedEarningsAccumulatedLosses 2024-11-30 06847173 d:RetainedEarningsAccumulatedLosses 2023-11-30 06847173 c:FRS102 2023-12-01 2024-11-30 06847173 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 06847173 c:FullAccounts 2023-12-01 2024-11-30 06847173 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 06847173 d:AcceleratedTaxDepreciationDeferredTax 2024-11-30 06847173 d:RetirementBenefitObligationsDeferredTax 2024-11-30 06847173 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 06847173










PANAGIA LTD








UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
PANAGIA LTD
 
 
COMPANY INFORMATION


Directors
A Jones 
A G Jones (appointed 8 April 2024)




Registered number
06847173



Registered office
30 Parklands Drive
Aspull

Wigan

WN2 1ZA




Accountants
Shorts Chartered Accountants

Cedar House

63 Napier Street

Sheffield

South Yorkshire

S11 8HA




Bankers
Santander





 
PANAGIA LTD
 

CONTENTS



Page
Directors' Report
 
1
Balance Sheet
 
2 - 3
Notes to the Financial Statements
 
4 - 8


 
PANAGIA LTD
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 NOVEMBER 2024

The directors present their report and the financial statements for the year ended 30 November 2024.

Directors

The directors who served during the year were:

A Jones 
A G Jones (appointed 8 April 2024)

Qualifying third party indemnity provisions

The directors have been granted a qualifying third party indemnity provision under Section 234 of the Companies Act 2006. The Company's indemnity does not provide cover in the event of a director being proved to have acted fraudulently or dishonestly.

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 8 May 2025 and signed on its behalf.
 





A Jones
Director

Page 1

 
PANAGIA LTD
REGISTERED NUMBER: 06847173

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
32,439
3,527

Current assets
  

Debtors: amounts falling due within one year
 5 
87,038
56,007

Cash at bank and in hand
  
717
48,317

  
87,755
104,324

Creditors: amounts falling due within one year
 6 
(75,772)
(65,034)

Net current assets
  
 
 
11,983
 
 
39,290

Total assets less current liabilities
  
44,422
42,817

Creditors: amounts falling due after more than one year
  
(25,832)
(15,833)

Provisions for liabilities
  

Deferred tax
 7 
(5,773)
-

Net assets
  
12,817
26,984


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
12,815
26,982

  
12,817
26,984


Page 2

 
PANAGIA LTD
REGISTERED NUMBER: 06847173
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 May 2025.




A Jones
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
PANAGIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Panagia Ltd is a private Company limited by shares, incorporated in England and Wales (registered number: 06847173). Its registered office is 30 Parklands Drive, Aspull, Wigan, WN2 1ZA. The principal activity of the Company throughout the year continued to be that of the provision of gas and electric installation and inspection. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Statement of Income and Retained Earnings so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Page 4

 
PANAGIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are: 

Plant & machinery
-
25% reducing balance
Motor vehicles
-
15% reducing balance and 5 years straight line
Office equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

 
2.5

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 5

 
PANAGIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates Income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 2).

Page 6

 
PANAGIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost


At 1 December 2023
690
-
8,453
9,143


Additions
-
34,264
941
35,205


Disposals
(690)
-
(5,803)
(6,493)



At 30 November 2024

-
34,264
3,591
37,855



Depreciation


At 1 December 2023
662
-
4,954
5,616


Charge for the year on owned assets
-
849
676
1,525


Charge for the year on financed assets
-
3,007
-
3,007


Disposals
(662)
-
(4,070)
(4,732)



At 30 November 2024

-
3,856
1,560
5,416



Net book value



At 30 November 2024
-
30,408
2,031
32,439



At 30 November 2023
28
-
3,499
3,527


5.


Debtors

2024
2023
£
£


Trade debtors
74,099
55,693

Other debtors
12,939
314

87,038
56,007


Page 7

 
PANAGIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
5,164
5,689

Corporation tax
4,672
9,561

Other taxation and social security
15,441
19,588

Obligations under finance lease contract
3,646
-

Other creditors
36,849
20,196

75,772
65,034



7.


Deferred taxation



2024


£






Charged to the Statement of Income and Retained Earnings
5,773

The deferred taxation balance is made up as follows:

2024
£


Accelerated capital allowances
5,775

Pension surplus
(2)

5,773


8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £197 (2023 - £234). Contributions totalling £14 (2023 - £nil) were payable to the fund at the Balance Sheet date and are included in creditors.

 
Page 8