Company registration number 00939793 (England and Wales)
PANADENT DIRECT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
PANADENT DIRECT LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
PANADENT DIRECT LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
58,023
78,747
Current assets
Stocks
259,461
269,819
Debtors
6
414,569
333,352
Cash at bank and in hand
5,028
31,129
679,058
634,300
Creditors: amounts falling due within one year
7
(515,526)
(322,864)
Net current assets
163,532
311,436
Total assets less current liabilities
221,555
390,183
Creditors: amounts falling due after more than one year
8
-
0
(35,390)
Provisions for liabilities
-
(12,000)
Net assets
221,555
342,793
Capital and reserves
Called up share capital
11,550
11,550
Share premium account
28,450
28,450
Profit and loss reserves
181,555
302,793
Total equity
221,555
342,793
PANADENT DIRECT LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2025
30 September 2025
- 2 -

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his 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 director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 24 June 2026
Mr S Lane
Director
Company registration number 00939793 (England and Wales)
PANADENT DIRECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 3 -
1
Accounting policies
Company information

Panadent Direct Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit C Swife Business Park, Broad Oak, Heathfield, East Sussex, TN21 8UP.

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 £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

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 dispatch 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
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:

Fixtures, fittings & equipment
20-25% straight line
Motor vehicles
10-20% straight line

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.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

PANADENT DIRECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
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.

1.7
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.

1.8
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.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.9
Taxation

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

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 liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

PANADENT DIRECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

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

1.12
Leases

Assets acquired under hire purchase contracts are depreciated over their useful lives. Obligations under such contracts are included in creditors net of the finance charge. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2025
2024
Number
Number
Total
8
10
PANADENT DIRECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 6 -
4
Tangible fixed assets
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
Cost
At 1 October 2024
232,658
60,994
293,652
Additions
32,918
-
0
32,918
Disposals
(177,143)
(60,994)
(238,137)
At 30 September 2025
88,433
-
0
88,433
Depreciation and impairment
At 1 October 2024
194,574
20,331
214,905
Depreciation charged in the year
11,038
1,271
12,309
Eliminated in respect of disposals
(175,202)
(21,602)
(196,804)
At 30 September 2025
30,410
-
0
30,410
Carrying amount
At 30 September 2025
58,023
-
0
58,023
At 30 September 2024
38,084
40,663
78,747
5
Subsidiaries

Separate company financial statements are required to be prepared by law. Consolidated financial statements are not prepared in accordance with s405 CAA 2006.

The carrying value of the company's investment in its subsidiary Panadent Learning Academy Limited is Nil (2024: Nil).

The capital and reserves and the result for the year of Panadent Learning Academy Limited is not material to these accounts.

6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
160,715
187,866
Corporation tax recoverable
-
0
8,852
Amounts owed by group undertakings
78,504
15,152
Other debtors
175,350
121,482
414,569
333,352
PANADENT DIRECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 7 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
152,582
10,000
Trade creditors
305,001
220,727
Amounts owed to group undertakings
150
9,181
Taxation and social security
25,256
25,278
Other creditors
32,537
57,678
515,526
322,864
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
6,667
Other creditors
-
0
28,723
-
0
35,390
9
Operating lease commitments
As lessee

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

2025
2024
£
£
Total commitments
68,904
444,567
10
Related party transactions
Transactions with related parties
PANADENT DIRECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
10
Related party transactions
(Continued)
- 8 -

Included within Debtors (Amounts owed by group undertakings) is £42,200 owed by Y78 Adventure Limited, the Company's parent company (2024: £15,152).

Included within Other Debtors is £56,081 owed by Minamint Limited (2024: £54,235), a company owned by S Lane (Director).

Included within Other Debtors is £36,304 owed by Y80 Group Limited (2024 £Nil), a company owned by S Lane (Director).

Included within Other Debtors is £65,543 owed by Bracon Direct Limited (2024: £9,882), a company indirectly owned by S Lane (Director).

Included within Creditors (Amounts owed to group undertakings) is £150 owed to Panadent Learning Academy Limited, a wholly owned subsidiary (2024: £8,790).

Included within Other Creditors is £Nil owed to Bracon Direct Limited (2024: £25,000), a company indirectly owned by S Lane (Director).

Included within Other Creditors is £Nil owed to Y80 Group Limited (2024: £391), a company owned by S Lane (Director).

11
Parent company

The company is a subsidiary of Y78 Adventure Limited, a company incorporated in England & Wales. That company's principal place of business, and registered office address, is Unit C Swife Business Park, Burwash, Broad Oak, East Sussex, TN21 8UP.

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