Company Registration No. 12899592 (England and Wales)
PAPANKA LTD.
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
PAPANKA LTD.
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2
PAPANKA LTD.
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Stocks
1,280
1,956
Cash at bank and in hand
107
343
1,387
2,299
Creditors: amounts falling due within one year
(3,521)
(3,751)
Net current liabilities
(2,134)
(1,452)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(2,135)
(1,453)
Total equity
(2,134)
(1,452)

In accordance with section 444 of the Companies Act 2006 all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (S.I. 2008/409)(b).

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 16 June 2025
Mr  Joshua Daniel
Director
Company Registration No. 12899592
PAPANKA LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information

Papanka Ltd. is a private company limited by shares incorporated in England and Wales. The registered office is 57 South Road, Kingswood, Bristol, BS158JQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Equity instruments
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
1
2024-09-302023-10-01falsefalsefalseCCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr  Joshua Daniel128995922023-10-012024-09-30128995922024-09-30128995922023-09-3012899592core:CurrentFinancialInstruments2024-09-3012899592core:CurrentFinancialInstruments2023-09-3012899592core:ShareCapital2024-09-3012899592core:ShareCapital2023-09-3012899592core:RetainedEarningsAccumulatedLosses2024-09-3012899592core:RetainedEarningsAccumulatedLosses2023-09-3012899592bus:Director12023-10-012024-09-30128995922022-10-012023-09-3012899592bus:PrivateLimitedCompanyLtd2023-10-012024-09-3012899592bus:SmallCompaniesRegimeForAccounts2023-10-012024-09-3012899592bus:FRS1022023-10-012024-09-3012899592bus:AuditExempt-NoAccountantsReport2023-10-012024-09-3012899592bus:FullAccounts2023-10-012024-09-30xbrli:purexbrli:sharesiso4217:GBP