Pang Associates Limited
Pang Associates Limited
Registered number: 04168836
Unaudited Financial Statements
For The Year Ended
5 April 2021
TaxAssist Accountants
Chartered Accountants
714 London Road
Aylesford
Kent
ME20 6BL
Pang Associates Limited
Unaudited Financial Statements
For The Year Ended
5 April 2021
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Pang Associates Limited
Balance Sheet
As at
5 April 2021
Balance Sheet
Registered number:
04168836
For the year ending 5 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| 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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| Profit and Loss Account |
( |
( |
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| SHAREHOLDERS' FUNDS | (1,812) | (1,194) | |||
Page 1
Pang Associates Limited
Balance Sheet (continued)
As at
5 April 2021
Directors' responsibilities:
-
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. - 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 Profit and Loss Account.
On behalf of the board
|
Director
|
|
|
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Pang Associates Limited
Notes to the Financial Statements
For The Year Ended
5 April 2021
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 |
|
2.
Average Number of Employees
Average number of employees, including directors, during the year was 2 (2020: 2)
3.
Tangible Assets
| Land & Property | |
|---|---|
| Freehold | |
| £ | |
| Cost | |
| As at
|
|
| As at
|
|
| Net Book Value | |
| As at
|
|
| As at
|
|
4.
Creditors: Amounts Falling Due Within One Year
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| 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
Pang Associates Limited
Notes to the Financial Statements (continued)
For The Year Ended
5 April 2021
5.
Share Capital
| 2021 | 2020 | ||
|---|---|---|---|
| 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 17 Maypole Drive, Kings Hill, West Malling, Kent, ME19 4BP.
Page 4