Company Registration No. 02892031 (England and Wales)
FISCHER PANDA U.K. LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
10 Bridge Street
Christchurch
Dorset
BH23 1EF
FISCHER PANDA U.K. LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 9
FISCHER PANDA U.K. LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr. B Fower
Mr. C Fower
Mr. D Payne
Mr. C Baker
Ms. A Fower
Company number
02892031
Registered office
17 Black Moor Road
Ebblake Industrial Estate
Verwood
Dorset
BH31 6AX
Accountants
TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF
FISCHER PANDA U.K. LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
3,546
9,567
Tangible assets
4
724,872
709,699
728,418
719,266
Current assets
Stocks
1,184,879
1,338,847
Debtors
5
1,166,424
535,960
Cash at bank and in hand
1,418,117
1,093,933
3,769,420
2,968,740
Creditors: amounts falling due within one year
6
(1,999,090)
(1,791,841)
Net current assets
1,770,330
1,176,899
Total assets less current liabilities
2,498,748
1,896,165
Creditors: amounts falling due after more than one year
7
-
0
(72,550)
Provisions for liabilities
(22,023)
(16,213)
Net assets
2,476,725
1,807,402
Capital and reserves
Called up share capital
8
891
891
Revaluation reserve
179,316
181,903
Capital redemption reserve
110
110
Profit and loss reserves
2,296,408
1,624,498
Total equity
2,476,725
1,807,402
FISCHER PANDA U.K. LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
31 December 2024
- 3 -

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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

The financial statements were approved by the board of directors and authorised for issue on 8 September 2025 and are signed on its behalf by:
Mr. B Fower
Mr. C Fower
Director
Director
Company registration number 02892031 (England and Wales)
FISCHER PANDA U.K. LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
1
Accounting policies
Company information

Fischer Panda U.K. Limited is a private company limited by shares incorporated in England and Wales. The registered office is 17 Black Moor Road, Ebblake Industrial Estate, Verwood, Dorset, BH31 6AX.

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 a mounts in these financial statements are rounded to the nearest pound.

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

1.2
Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on despatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.4
Intangible fixed assets - goodwill

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset.

1.5
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

FISCHER PANDA U.K. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Development Costs
20% straight line
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property
2% straight line
Plant and machinery
20% reducing balance
Fixtures and fittings
15% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.7
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.

1.8
Cash at bank and in hand

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.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

FISCHER PANDA U.K. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 6 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Foreign exchange

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2
Employees

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

2024
2023
Number
Number
Total
21
21
FISCHER PANDA U.K. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
3
Intangible fixed assets
Goodwill
Other
Total
£
£
£
Cost
At 1 January 2024 and 31 December 2024
160,000
21,897
181,897
Amortisation and impairment
At 1 January 2024
160,000
12,330
172,330
Amortisation charged for the year
-
0
6,021
6,021
At 31 December 2024
160,000
18,351
178,351
Carrying amount
At 31 December 2024
-
0
3,546
3,546
At 31 December 2023
-
0
9,567
9,567
4
Tangible fixed assets
Freehold property
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2024
775,000
24,477
285,624
53,477
1,138,578
Additions
20,780
6,696
15,410
-
0
42,886
At 31 December 2024
795,780
31,173
301,034
53,477
1,181,464
Depreciation and impairment
At 1 January 2024
167,199
18,034
192,505
51,141
428,879
Depreciation charged in the year
10,866
1,323
14,940
584
27,713
At 31 December 2024
178,065
19,357
207,445
51,725
456,592
Carrying amount
At 31 December 2024
617,715
11,816
93,589
1,752
724,872
At 31 December 2023
607,801
6,443
93,119
2,336
709,699
FISCHER PANDA U.K. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,016,043
409,686
Prepayments and accrued income
150,381
126,274
1,166,424
535,960
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
-
0
46,967
Trade creditors
1,214,192
1,089,329
Other taxation and social security
579,361
449,444
Other creditors
191,692
190,839
Accruals and deferred income
13,845
15,262
1,999,090
1,791,841

The aggregate amount of creditors for which security has been given amounted to £nil (20 23 - £46,967).

7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
-
0
72,550

The aggregate amount of creditors for which security has been given amounted to £nil (20 23 - £72,550 ).

FISCHER PANDA U.K. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 9 -
8
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
693 Ordinary A shares of £1 each
693
693
148 Ordinary B shares of £1 each
148
148
50 Ordinary D shares of £1 each
50
50
891
891

9
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
96,335
68,866
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