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Company Registration No. 05619716 (England and Wales)
Panacea Trading Limited Unaudited accounts for the year ended 30 November 2024
Panacea Trading Limited Unaudited accounts Contents
Page
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Panacea Trading Limited Company Information for the year ended 30 November 2024
Directors
Steven Paul Watts Jaqueline Tracey Watts
Company Number
05619716 (England and Wales)
Registered Office
47 Manor Road Bletchley MK2 2HP
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Panacea Trading Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
20,771 
31,211 
Cash at bank and in hand
20,547 
15,164 
41,318 
46,375 
Creditors: amounts falling due within one year
(12,830)
(12,671)
Net current assets
28,488 
33,704 
Total assets less current liabilities
28,488 
33,704 
Creditors: amounts falling due after more than one year
(28,302)
(33,618)
Net assets
186 
86 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
184 
84 
Shareholders' funds
186 
86 
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2025 and were signed on its behalf by
Steven Paul Watts Director Company Registration No. 05619716
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Panacea Trading Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Panacea Trading Limited is a private company, limited by shares, registered in England and Wales, registration number 05619716. The registered office is 47 Manor Road, Bletchley, MK2 2HP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
8,531 
11,723 
Amounts falling due after more than one year
Other debtors
12,240 
19,488 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,420 
6,660 
Taxes and social security
5,842 
5,735 
Accruals
568 
276 
12,830 
12,671 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
28,302 
33,618 
Bounce Back Loan taken out in February 2021.
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Panacea Trading Limited Notes to the Accounts for the year ended 30 November 2024
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Steven Paul Watts
short term loan
27,720 
- 
7,744 
19,976 
27,720 
- 
7,744 
19,976 
The Directors' loan was taken out in February 2021 due to covid related issues. The loan agreement states that this is to be repaid in equal instalments over five years commencing August 2022. Interest is to be charged at a fixed rate of 2% over the life of the loan. This is reflected in these accounts
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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