Panugo Ltd

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 09767295

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	3		89,048		89,048
Tangible Assets	4		20,376		20,376

			109,424		109,424
CURRENT ASSETS
Debtors		13,258		13,258
Cash at bank and in hand		6,141		6,141

		19,399		19,399
Creditors: Amounts Falling Due Within One Year		(354,034 )		(354,034 )

NET CURRENT ASSETS (LIABILITIES)			(334,635 )		(334,635 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(225,211 )		(225,211 )

Creditors: Amounts Falling Due After More Than One Year			(16,519 )		(16,519 )

NET LIABILITIES			(241,730 )		(241,730 )

CAPITAL AND RESERVES
Called up share capital	5		100		100
Profit and Loss Account			(241,830 )		(241,830 )

SHAREHOLDERS' FUNDS			(241,730)		(241,730)

Page 1

Page 2

Panugo Ltd

Abridged Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Michael Corbin

Director

1st October 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Panugo Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09767295 . The registered office is 219 Burton Road, Derby, DE23 6AE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% Reducing balance
Equipment	15% Straight line

3. Intangible Assets

	Total
	£
Cost
As at 1 January 2024	131,271

As at 31 December 2024	131,271

Amortisation
As at 1 January 2024	42,223

As at 31 December 2024	42,223

Net Book Value
As at 31 December 2024	89,048

As at 1 January 2024	89,048

4. Tangible Assets

	Total
	£
Cost
As at 1 January 2024	126,748

As at 31 December 2024	126,748

Depreciation
As at 1 January 2024	106,372

As at 31 December 2024	106,372

Net Book Value
As at 31 December 2024	20,376

As at 1 January 2024	20,376

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Page 4

Panugo Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

5. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100