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Company Registration No. 08927656 (England and Wales)
Panda Solutions Ltd Unaudited accounts for the year ended 31 October 2025
Panda Solutions Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Panda Solutions Ltd Company Information for the year ended 31 October 2025
Director
T Vasik
Company Number
08927656 (England and Wales)
Registered Office
72 Great Suffolk Street London SE1 0BL England
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Panda Solutions Ltd Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,531
3,375
Current assets
Inventories
55,000
55,000
Debtors
5
27,743
27,743
Cash at bank and in hand
(6,633)
(6,633)
76,110
76,110
Creditors: amounts falling due within one year
6
(120,420)
(90,942)
Net current liabilities
(44,310)
(14,832)
Total assets less current liabilities
(41,779)
(11,457)
Creditors: amounts falling due after more than one year
7
(67,276)
(67,276)
Net liabilities
(109,055)
(78,733)
Capital and reserves
Called up share capital
10
10
Profit and loss account
(109,065)
(78,743)
Shareholders' funds
(109,055)
(78,733)
For the year ending 31 October 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 20 July 2026 and were signed on its behalf by
T Vasik Director Company Registration No. 08927656
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Panda Solutions Ltd Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Panda Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 08927656. The registered office is 72 Great Suffolk Street, London, SE1 0BL, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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:
Computer equipment
25% Straight Line
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Panda Solutions Ltd Notes to the Accounts for the year ended 31 October 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 November 2024
3,797
8,417
12,214
At 31 October 2025
3,797
8,417
12,214
Depreciation
At 1 November 2024
949
7,890
8,839
Charge for the year
712
132
844
At 31 October 2025
1,661
8,022
9,683
Net book value
At 31 October 2025
2,136
395
2,531
At 31 October 2024
2,848
527
3,375
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
14,874
14,874
Other debtors
12,869
12,869
27,743
27,743
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
3,011
3,011
VAT
-
648
Trade creditors
15,791
15,791
Taxes and social security
14,255
14,255
Other creditors
34,681
47,886
Loans from directors
52,682
9,351
120,420
90,942
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
43,352
43,352
Other creditors
23,924
23,924
67,276
67,276
8
Average number of employees
During the year the average number of employees was 1 (2024: 2).
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