Pang Associates Limited
Pang Associates Limited
Registered number: 04168836
Unaudited Financial Statements
For The Year Ended
5 April 2022
TaxAssist Accountants
Chartered Accountants
714 London Road
Larkfield
KENT
ME20 6BL
Pang Associates Limited
Unaudited Financial Statements
For The Year Ended
5 April 2022
Unaudited Financial Statements
Contents | |
Page | |
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Statement of Financial Position | 1—2 |
Notes to the Financial Statements | 3—4 |
Page 1
Pang Associates Limited
Statement of Financial Position
As at
5 April 2022
Statement of Financial Position
Registered number:
04168836
For the year ending 5 April 2022 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 directors acknowledge their 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.
2022 | 2021 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 3 |
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Creditors: Amounts Falling Due Within One Year | 4 |
( |
( |
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NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
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NET LIABILITIES |
( |
( |
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CAPITAL AND RESERVES | |||||
Called up share capital | 5 |
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Income Statement |
( |
( |
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SHAREHOLDERS' FUNDS | (2,442) | (1,812) | |||
Page 1
Page 2
Pang Associates Limited
Statement of Financial Position (continued)
As at
5 April 2022
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Pang Associates Limited
Notes to the Financial Statements
For The Year Ended
5 April 2022
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
At the time of approving the financial statements, the director has a reasonable expectation that the
company has adequate resources to continue in operational existence for the foreseeable future. Thus the
director continues to adopt the going concern basis of accounting in preparing the financial statements.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold |
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2.
Average Number of Employees
Average number of employees, including directors, during the year was 2 (2021: 2)
3.
Tangible Assets
Land & Property | |
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Freehold | |
£ | |
Cost | |
As at
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As at
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Net Book Value | |
As at
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As at
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4.
Creditors: Amounts Falling Due Within One Year
2022 | 2021 | ||
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£ | £ | ||
GB Directors Current Account |
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AB Directors Current Account |
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Accruals and deferred income |
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Page 3
Page 4
Pang Associates Limited
Notes to the Financial Statements (continued)
For The Year Ended
5 April 2022
5.
Share Capital
2022 | 2021 | ||
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Allotted, Called up and fully paid |
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6.
General Information
Pang Associates Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
04168836
. The registered office is 12 Lancer Drive , Kings Hill, West Malling , KENT, ME19 4QR.
Page 4