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
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
Panacea Trading Limited
Statement of financial position
as at 30 November 2024
Cash at bank and in hand
20,547
15,164
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)
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
Panacea Trading Limited
Notes to the Accounts
for the year ended 30 November 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
6
Creditors: amounts falling due after more than one year
2024
2023
Bounce Back Loan taken out in February 2021.
Panacea Trading Limited
Notes to the Accounts
for the year ended 30 November 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
short term loan
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).