The Panas Group of Companies Ltd 31/01/2021 iXBRL
The Panas Group of Companies Ltd 31/01/2021 iXBRL
Company registration number:
3002889
Trading as
P C Express
Contents
Directors and other information
Directors report
Statement of income and retained earnings
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Secretary |
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Company number |
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Registered office |
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Business address |
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Accountant |
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Chartered Certified Accountant | ||
19 Windsor Avenue | ||
Edgware | ||
HA8 8SR | ||
Directors report
Year ended 31 January 2021
The directors present their report and the unaudited financial statements of the company for the year ended 31 January 2021.
Directors
The directors who served the company during the year were as follows:
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Small company provisions
This report was approved by the board of directors on
06 May 2021
and signed on behalf of the board by:
Director
Statement of income and retained earnings
Year ended 31 January 2021
2021 | 2020 | |||||
Note | £ | £ | ||||
Turnover |
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Cost of sales |
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_______ | _______ | |||||
Gross profit |
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Administrative expenses |
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Other operating income |
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- | ||||
_______ | _______ | |||||
Operating profit |
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Other interest receivable and similar income |
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- | ||||
Interest payable and similar expenses |
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Profit before taxation | 5 |
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Tax on profit |
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Profit for the financial year and total comprehensive income |
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Retained earnings at the start of the year |
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_______ | _______ | |||||
Retained earnings at the end of the year |
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62,642 | ||||
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All the activities of the company are from continuing operations.
Statement of financial position
31 January 2021
2021 | 2020 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 6 |
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Investments | 7 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Stocks |
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Debtors | 8 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 9 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 10 |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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62,642 | |||||||
_______ | _______ | ||||||||
Shareholders funds |
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_______ | _______ | ||||||||
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
06 May 2021
, and are signed on behalf of the board by:
Director
Company registration number:
3002889
Notes to the financial statements
Year ended 31 January 2021
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 13 Whitchurch Lane, Edgware, HA8 6JZ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Consolidation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Operating leases
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment | - |
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Motor vehicles | - |
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Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Government grants
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
10
(2020:
10
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5.
Profit before taxation
Profit before taxation is stated after charging/(crediting):
2021 | 2020 | ||||
£ | £ | ||||
Amortisation of intangible assets |
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Depreciation of tangible assets |
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6.
Tangible assets
Short leasehold property | Fixtures, fittings and equipment | Motor vehicles | Total | ||
£ | £ | £ | £ | ||
Cost | |||||
At 1 February 2020 |
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- |
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Additions |
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- |
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At 31 January 2021 |
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Depreciation | |||||
At 1 February 2020 |
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- |
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Charge for the year |
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At 31 January 2021 |
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Carrying amount | |||||
At 31 January 2021 |
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_______ | _______ | _______ | _______ | ||
At 31 January 2020 |
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- |
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7.
Investments
Shares in group undertakings and participating interests | Total | ||
£ | £ | ||
Cost | |||
At 1 February 2020 and 31 January 2021 |
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Impairment | |||
At 1 February 2020 and 31 January 2021 | - | - | |
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Carrying amount | |||
At 31 January 2021 |
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_______ | _______ | ||
At 31 January 2020 |
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8.
Debtors
2021 | 2020 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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_______ | _______ | |||
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9.
Creditors: amounts falling due within one year
2021 | 2020 | |||
£ | £ | |||
Trade creditors |
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Social security and other taxes |
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Other creditors |
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_______ | _______ | |||
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10.
Creditors: amounts falling due after more than one year
2021 | 2020 | |||
£ | £ | |||
Other creditors |
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_______ | _______ | |||
11.
Controlling party
The Company is under the control of the Directors and their family members.