Company Registration No. 08169105 (England and Wales)
PANAMA FASHION LIMITED
Unaudited accounts
for the year ended 31 August 2025
PANAMA FASHION LIMITED
Unaudited accounts
Contents
PANAMA FASHION LIMITED
Company Information
for the year ended 31 August 2025
Company Number
08169105 (England and Wales)
Registered Office
77 LONDON STREET
LEICESTER
LE5 3RW
Accountants
Tally Tax Accountants Ltd
40 Ash Tree Road
Oadby
Leicester
LE2 5YB
PANAMA FASHION LIMITED
Statement of financial position
as at 31 August 2025
Tangible assets
17,046
19,864
Cash at bank and in hand
1,488
42,845
Creditors: amounts falling due within one year
(49,206)
(33,708)
Net current assets
390,641
550,127
Net assets
407,687
569,991
Called up share capital
200
200
Profit and loss account
407,487
569,791
Shareholders' funds
407,687
569,991
For the year ending 31 August 2025 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 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 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 and authorised for issue on 11 May 2026 and were signed on its behalf by
Yunus Patel
Director
Company Registration No. 08169105
PANAMA FASHION LIMITED
Notes to the Accounts
for the year ended 31 August 2025
PANAMA FASHION LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08169105. The registered office is 77 LONDON STREET, LEICESTER, LE5 3RW.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 September 2024
59,001
37,278
96,279
At 31 August 2025
59,001
38,721
97,722
At 1 September 2024
51,495
24,920
76,415
Charge for the year
1,501
2,760
4,261
At 31 August 2025
52,996
27,680
80,676
At 31 August 2025
6,005
11,041
17,046
At 31 August 2024
7,506
12,358
19,864
Amounts falling due within one year
Trade debtors
77,351
15,442
Amounts falling due after more than one year
Other debtors
343,431
499,000
PANAMA FASHION LIMITED
Notes to the Accounts
for the year ended 31 August 2025
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
24,871
23,092
Taxes and social security
411
1,005
7
Average number of employees
During the year the average number of employees was 3 (2024: 7).