REGISTERED NUMBER: 11903869 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Panoramix Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K Hanson

K Mccormick

REGISTERED OFFICE:

Unit 15

Stirlin Business Park

185 Sadler Road

Lincoln

LN6 3AF

REGISTERED NUMBER:

11903869 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

Northgate House

Northgate

Sleaford

Lincolnshire

NG34 7BZ

FIXED ASSETS

Tangible assets

4

31,148

202,109

CURRENT ASSETS

Debtors

5

653,968

150,467

Cash at bank

166,549

132,932

820,517

283,399

CREDITORS

Amounts falling due within one year

6

455,014

174,104

NET CURRENT ASSETS

365,503

109,295

TOTAL ASSETS LESS CURRENT LIABILITIES

396,651

311,404

CREDITORS

Amounts falling due after more than one year

7

(216,653

)

(112,500

)

PROVISIONS FOR LIABILITIES

(5,918

)

(37,408

)

NET ASSETS

174,080

161,496

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

174,079

161,495

SHAREHOLDERS' FUNDS

174,080

161,496

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

K Hanson - Director

1.	STATUTORY INFORMATION

Panoramix Limited is a private company, limited by shares , registered in England and Wales. 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.

Tangible fixed assets

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

Improvements to property

-

25% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

31,432

179,837

26,811

51,408

289,488

Additions

-

-

808

11,582

12,390

Disposals

(31,432

)

(179,837

)

(1,154

)

(4,183

)

(216,606

)

At 31 March 2025

-

-

26,465

58,807

85,272

DEPRECIATION

At 1 April 2024

13,241

37,230

6,242

30,666

87,379

Charge for year

4,547

-

5,091

14,686

24,324

Eliminated on disposal

(17,788

)

(37,230

)

(144

)

(2,417

)

(57,579

)

At 31 March 2025

-

-

11,189

42,935

54,124

NET BOOK VALUE

At 31 March 2025

-

-

15,276

15,872

31,148

At 31 March 2024

18,191

142,607

20,569

20,742

202,109

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

212,196

150,467

Other debtors

289,823

-

502,019

150,467

Amounts falling due after more than one year:

Amounts owed by group undertakings

151,949

-

Aggregate amounts

653,968

150,467

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

209,596

50,000

Hire purchase contracts

14,044

-

Trade creditors

129,949

68,553

Taxation and social security

94,511

49,605

Other creditors

6,914

5,946

455,014

174,104

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

191,000

112,500

Hire purchase contracts

25,653

-

216,653

112,500

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1