REGISTERED NUMBER: 12399115 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

PANDA COMMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

W P Anderson

REGISTERED OFFICE:

400-402 Richmond Road

Sheffield

South Yorkshire

S13 8LZ

REGISTERED NUMBER:

12399115 (England and Wales)

ACCOUNTANTS:

Jones Francis Limited

400-402 Richmond Road

Sheffield

South Yorkshire

S13 8LZ

FIXED ASSETS

Tangible assets

4

7,988

10,689

CURRENT ASSETS

Stocks

-

505

Debtors

5

-

4,043

Cash at bank

13,898

10,439

13,898

14,987

CREDITORS

Amounts falling due within one year

6

5,921

10,879

NET CURRENT ASSETS

7,977

4,108

TOTAL ASSETS LESS CURRENT LIABILITIES

15,965

14,797

CREDITORS

Amounts falling due after more than one year

7

(6,002

)

(5,077

)

PROVISIONS FOR LIABILITIES

(1,518

)

(2,031

)

NET ASSETS

8,445

7,689

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

8,425

7,669

8,445

7,689

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 October 2026 and were signed by:

W P Anderson - Director

1.	STATUTORY INFORMATION

Panda Comms 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2025

767

1,505

15,345

462

18,079

Additions

-

-

7,995

-

7,995

Disposals

-

-

(12,995

)

-

(12,995

)

At 31 January 2026

767

1,505

10,345

462

13,079

DEPRECIATION

At 1 February 2025

168

580

6,376

266

7,390

Charge for year

88

138

2,167

152

2,545

Eliminated on disposal

-

-

(4,844

)

-

(4,844

)

At 31 January 2026

256

718

3,699

418

5,091

NET BOOK VALUE

At 31 January 2026

511

787

6,646

44

7,988

At 31 January 2025

599

925

8,969

196

10,689

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 February 2025

12,995

Additions

7,995

Transfer to ownership

(12,995

)

At 31 January 2026

7,995

DEPRECIATION

At 1 February 2025

4,670

Charge for year

2,006

Transfer to ownership

(4,844

)

At 31 January 2026

1,832

NET BOOK VALUE

At 31 January 2026

6,163

At 31 January 2025

8,325

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

-

3,820

Other debtors

-

223

-

4,043

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

932

1,214

Hire purchase contracts

1,658

2,249

Trade creditors

-

56

Taxation and social security

955

4,264

Other creditors

2,376

3,096

5,921

10,879

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans

888

1,892

Hire purchase contracts

5,114

3,185

6,002

5,077

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is W P Anderson.