Panoram Digital Limited Accounts

PANORAM DIGITAL LIMITED - Company Information






Panoram Digital Limited

	Company No. 12419388
		Information for Filing with The Registrar
		31 January 2021

The Directors present their report and the accounts for the period ended 31 January 2021.

Principal activities
The principal activity of the company during the period under review was business and domestic software development and information technology consultancy activities.




Directors

The Directors who served at any time during the period were as follows:

I.J. Parker
R.W.S. Seabrook
G.J. Wildisen



































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

G.J. Wildisen
Director
15 October 2021

at	31 January 2021
Company No.		12419388	Notes	2021
				£
Fixed assets

	Tangible assets		4	2,201


				2,201
Current assets

	Debtors		5	24,717

	Cash at bank and in hand			149,311
				174,028
Creditors: Amount falling due within one year			6	(49,246)
Net current assets				124,782
Total assets less current liabilities				126,983
Creditors: Amounts falling due after more than one year			7	(50,000)



Net assets				76,983

Capital and reserves
	Called up share capital			157
	Share premium account		8	299,973


	Profit and loss account		8	(223,147)

Total equity				76,983



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the period ended 31 January 2021 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 15 October 2021
And signed on its behalf by:
G.J. Wildisen
Director
15 October 2021

for the period ended 31 January 2021

General information

Its registered number is: 12419388

Its registered office is:

26 Fordington Road

London

N6 4TJ

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

33% Straight Line

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3	Employees
			2021
			Number
		The average monthly number of employees (including directors) during the period:	7

4	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation

		Additions	2,670	2,670



		At 31 January 2021	2,670	2,670
		Depreciation

		Charge for the year	469	469



		At 31 January 2021	469	469
		Net book values
		At 31 January 2021	2,201	2,201

5	Debtors
			2021
			£
		Trade debtors	24,211





		Other debtors	128
		Prepayments and accrued income	378
			24,717

6	Creditors:
		amounts falling due within one year
			2021
			£




		Trade creditors	2,856


		Other taxes and social security	17,534
		Loans from directors	19,067
		Other creditors	1,359
		Accruals and deferred income	8,430
			49,246

7	Creditors:
		amounts falling due after more than one year
			2021
			£

		Bank loans and overdrafts	50,000






			50,000

Reserves

Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.

Profit and loss account - includes all current and prior period retained profits and losses.