Registered number
07793881
Pangea Marketing Ltd
Report and Accounts
30 September 2024
Pangea Marketing Ltd
Report to the director on the preparation of the unaudited statutory accounts of Pangea Marketing Ltd for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pangea Marketing Ltd for the year ended 30 September 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
7 April 2025
Pangea Marketing Ltd
Registered number: 07793881
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,159 1,739
Current assets
Debtors 4 11,500 11,500
Cash at bank and in hand 7,576 6,076
19,076 17,576
Creditors: amounts falling due within one year 5 (5,324) (7,797)
Net current assets 13,752 9,779
Total assets less current liabilities 14,911 11,518
Creditors: amounts falling due after more than one year 6 (19,064) (29,105)
Net liabilities (4,153) (17,587)
Capital and reserves
Called up share capital 1 1
Profit and loss account (4,154) (17,588)
Shareholder's funds (4,153) (17,587)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G C Zammit
Director
Approved by the board on 7 April 2025
Pangea Marketing Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the value of work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment over 3 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 9,663
At 30 September 2024 9,663
Depreciation
At 1 October 2023 7,924
Charge for the year 580
At 30 September 2024 8,504
Net book value
At 30 September 2024 1,159
At 30 September 2023 1,739
4 Debtors 2024 2023
£ £
Other debtors 11,500 11,500
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 106 4,238
Corporation tax 265 -
Other taxes and social security costs 1,062 1,221
Other creditors 3,891 2,338
5,324 7,797
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 19,064 29,105
7 Other information
Pangea Marketing Ltd is a private company limited by shares and incorporated in England. Its registered office is:
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
Pangea Marketing Ltd 07793881 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts April 2024 G C Zammit No description of principal activity 07793881 2022-10-01 2023-09-30 07793881 core:WithinOneYear 2023-09-30 07793881 core:AfterOneYear 2023-09-30 07793881 core:ShareCapital 2023-09-30 07793881 core:RetainedEarningsAccumulatedLosses 2023-09-30 07793881 2023-10-01 2024-09-30 07793881 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07793881 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 07793881 bus:Director40 2023-10-01 2024-09-30 07793881 core:PlantMachinery 2023-10-01 2024-09-30 07793881 countries:England 2023-10-01 2024-09-30 07793881 bus:FRS102 2023-10-01 2024-09-30 07793881 bus:FilletedAccounts 2023-10-01 2024-09-30 07793881 2024-09-30 07793881 core:WithinOneYear 2024-09-30 07793881 core:AfterOneYear 2024-09-30 07793881 core:ShareCapital 2024-09-30 07793881 core:RetainedEarningsAccumulatedLosses 2024-09-30 07793881 core:PlantMachinery 2024-09-30 07793881 2023-09-30 07793881 core:PlantMachinery 2023-09-30 iso4217:GBP xbrli:pure