Abbreviated Company Accounts - PANCO SOLUTIONS LIMITED

PANCO SOLUTIONS LIMITED - Company Information

07602929 PANCO SOLUTIONS LIMITED 2015-04-30 false 2014-05-01 2015-04-30 true 07602929 2014-05-01 2015-04-30 07602929 2015-04-30 07602929 2014-04-30 07602929 uk-gaap-cd-bus:Director1 2014-05-01 2015-04-30 07602929 uk-gaap-cd-bus:Director2 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 iso4217:GBP shares

Registered Number 07602929

PANCO SOLUTIONS LIMITED

Abbreviated Accounts

30 April 2015

PANCO SOLUTIONS LIMITED Registered Number 07602929

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,139	1,624
		1,139	1,624
Current assets
Cash at bank and in hand		36,012	36,505
		36,012	36,505
Creditors: amounts falling due within one year		(36,934)	(37,807)
Net current assets (liabilities)		(922)	(1,302)
Total assets less current liabilities		217	322
Total net assets (liabilities)		217	322
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		117	222
Shareholders' funds		217	322

For the year ending 30 April 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 15 January 2016

And signed on their behalf by:
D PANKHANIA, Director

PANCO SOLUTIONS LIMITED Registered Number 07602929

Notes to the Abbreviated Accounts for the period ended 30 April 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The Financial Statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the net invoiced value of work done, excluding Value Added Tax and is attributable to the one principal activity of the Company wholly carried out in the United Kingdom.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Computer equipment - 20% on straight line
Furniture and fittings - 15% on reducing balance
Office equipment - 15% on reducing balance

2Tangible fixed assets

	£
Cost
At 1 May 2014	3,027
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	3,027
Depreciation
At 1 May 2014	1,403
Charge for the year	485
On disposals	-
At 30 April 2015	1,888
Net book values
At 30 April 2015	1,139
At 30 April 2014	1,624

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100