Pan Pallets Limited - Accounts to registrar (filleted)

PAN PALLETS LIMITED

Unaudited Financial Statements

for the Year Ended 30 September 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

N J Doyle

REGISTERED OFFICE:

4 Northwest Business Park

Servia Hill

Leeds

West Yorkshire

LS6 2QH

REGISTERED NUMBER:

03616617

ACCOUNTANTS:

Botros & Co

4 Northwest Business Park

Servia Hill

Leeds

West Yorkshire

LS6 2QH

BANKERS:

National Westminster Bank PLC

794 Oldham Road

Failsworth

Manchester

M35 2QH

FIXED ASSETS

Tangible assets

4

8,927

4,132

CURRENT ASSETS

Stocks

5

23,440

15,250

Debtors

6

11,645

8,080

Cash at bank and in hand

2,764

5,997

37,849

29,327

CREDITORS

Amounts falling due within one year

7

19,935

5,344

NET CURRENT ASSETS

17,914

23,983

TOTAL ASSETS LESS CURRENT
LIABILITIES

26,841

28,115

CREDITORS

Amounts falling due after more than one
year

8

(25,000

)

(25,000

)

PROVISIONS FOR LIABILITIES

(415

)

(415

)

NET ASSETS

1,426

2,700

CAPITAL AND RESERVES

Called up share capital

9

1,000

Retained earnings

426

1,700

SHAREHOLDERS' FUNDS

1,426

2,700

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 20 December 2025 and were signed by:

P J Doyle - Director

1.	STATUTORY INFORMATION

Pan Pallets Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 October 2024

6,952

2,000

1,200

10,152

Additions

6,700

-

6,700

At 30 September 2025

13,652

2,000

1,200

16,852

DEPRECIATION

At 1 October 2024

5,320

300

400

6,020

Charge for year

1,250

255

400

1,905

At 30 September 2025

6,570

555

800

7,925

NET BOOK VALUE

At 30 September 2025

7,082

1,445

400

8,927

At 30 September 2024

1,632

1,700

800

4,132

5.

STOCKS

30.9.25

30.9.24

£

Stocks

23,440

15,250

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Trade debtors

8,940

7,680

Other debtors

2,705

400

11,645

8,080

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Trade creditors

1,269

-

Taxation and social security

1,568

1,318

Other creditors

17,098

4,026

19,935

5,344

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

Other creditors

25,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

700

Ordinary A

£1

700

150

Ordinary B

£1

150

Ordinary C

£1

150

1,000