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REGISTERED NUMBER: 08544198




















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Pan Global Plants Ltd
Trading as
Pan Global Plants Ltd

Pan Global Plants Ltd (Registered number: 08544198)
Trading as Pan Global Plants Ltd






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pan Global Plants Ltd
Trading as Pan Global Plants Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: N J Macer





SECRETARY:





REGISTERED OFFICE: Oakley House
Tetbury Road
Cirencester
Gloucestershire
GL7 1US





REGISTERED NUMBER: 08544198

Pan Global Plants Ltd (Registered number: 08544198)
Trading as Pan Global Plants Ltd

Balance Sheet
31 October 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 2,898
Tangible assets 5 53,741
56,639

CURRENT ASSETS
Stocks 66,000
Cash at bank 19,721
85,721
CREDITORS
Amounts falling due within one year 6 29,226
NET CURRENT ASSETS 56,495
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,134

CREDITORS
Amounts falling due after more than one
year

7

(8,251

)

PROVISIONS FOR LIABILITIES (3,156 )
NET ASSETS 101,727

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 101,627
101,727

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 July 2025 and were signed by:




N J Macer - Director


Pan Global Plants Ltd (Registered number: 08544198)
Trading as Pan Global Plants Ltd

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Pan Global Plants Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Pan Global Plants Ltd (Registered number: 08544198)
Trading as Pan Global Plants Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 .

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 50,000 7,434 57,434
AMORTISATION
At 1 November 2023 50,000 3,569 53,569
Amortisation for year - 967 967
At 31 October 2024 50,000 4,536 54,536
NET BOOK VALUE
At 31 October 2024 - 2,898 2,898
At 31 October 2023 - 3,865 3,865

Pan Global Plants Ltd (Registered number: 08544198)
Trading as Pan Global Plants Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 November 2023
and 31 October 2024 49,761 5,003 7,745
DEPRECIATION
At 1 November 2023 7,784 4,544 6,462
Charge for year 860 97 322
At 31 October 2024 8,644 4,641 6,784
NET BOOK VALUE
At 31 October 2024 41,117 362 961
At 31 October 2023 41,977 459 1,283

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 19,500 2,333 84,342
DEPRECIATION
At 1 November 2023 4,875 1,889 25,554
Charge for year 3,656 112 5,047
At 31 October 2024 8,531 2,001 30,601
NET BOOK VALUE
At 31 October 2024 10,969 332 53,741
At 31 October 2023 14,625 444 58,788

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 5,000
Tax 17,257
Social security and other taxes 5,095
Other creditors 171
Directors' current accounts 101
Accruals and deferred income 1,602
29,226

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans - 1-2 years 8,251

Pan Global Plants Ltd (Registered number: 08544198)
Trading as Pan Global Plants Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 October 2024:

£   
N J Macer
Balance outstanding at start of year (114 )
Amounts advanced 13
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of year (101 )