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REGISTERED NUMBER: 12399115 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

PANDA COMMS LIMITED

PANDA COMMS LIMITED (REGISTERED NUMBER: 12399115)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PANDA COMMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTOR: W P Anderson





REGISTERED OFFICE: 400-402 Richmond Road
Sheffield
South Yorkshire
S13 8LZ





REGISTERED NUMBER: 12399115 (England and Wales)





ACCOUNTANTS: Jones Francis Limited
400-402 Richmond Road
Sheffield
South Yorkshire
S13 8LZ

PANDA COMMS LIMITED (REGISTERED NUMBER: 12399115)

BALANCE SHEET
31 JANUARY 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,689 14,096

CURRENT ASSETS
Stocks 505 250
Debtors 5 4,043 15,963
Cash at bank 10,439 867
14,987 17,080
CREDITORS
Amounts falling due within one year 6 10,879 11,721
NET CURRENT ASSETS 4,108 5,359
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,797

19,455

CREDITORS
Amounts falling due after more than
one year

7

(5,077

)

(8,108

)

PROVISIONS FOR LIABILITIES (2,031 ) (2,678 )
NET ASSETS 7,689 8,669

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 7,669 8,649
7,689 8,669

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

PANDA COMMS LIMITED (REGISTERED NUMBER: 12399115)

BALANCE SHEET - continued
31 JANUARY 2025


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 16 June 2025 and were signed by:





W P Anderson - Director


PANDA COMMS LIMITED (REGISTERED NUMBER: 12399115)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Panda Comms Limited 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


PANDA COMMS LIMITED (REGISTERED NUMBER: 12399115)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2024
and 31 January 2025 767 1,505 15,345 462 18,079
DEPRECIATION
At 1 February 2024 64 418 3,387 114 3,983
Charge for year 104 162 2,989 152 3,407
At 31 January 2025 168 580 6,376 266 7,390
NET BOOK VALUE
At 31 January 2025 599 925 8,969 196 10,689
At 31 January 2024 703 1,087 11,958 348 14,096

PANDA COMMS LIMITED (REGISTERED NUMBER: 12399115)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Reclassification/transfer 12,995
At 31 January 2025 12,995
DEPRECIATION
Charge for year 2,775
Reclassification/transfer 1,895
At 31 January 2025 4,670
NET BOOK VALUE
At 31 January 2025 8,325

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 3,820 15,740
Other debtors 223 223
4,043 15,963

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 1,214 1,195
Hire purchase contracts 2,249 2,249
Trade creditors 56 -
Taxation and social security 4,264 3,355
Other creditors 3,096 4,922
10,879 11,721

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans 1,892 2,674
Hire purchase contracts 3,185 5,434
5,077 8,108

PANDA COMMS LIMITED (REGISTERED NUMBER: 12399115)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is W P Anderson.