Registered number: 08755077

Panibee Ltd

Abbreviated accounts

for the period ended 31 October 2014

Panibee Ltd

Contents

• Abbreviated Balance sheet
• Notes to the financial statements

Panibee Ltd

Abbreviated balance sheet

as at 31 October 2014

		2014
	Notes	£	£
Fixed Assets
Tangible assets			717
Current Asset
Prepayments and accrued income		1,250
Cash at bank and in hand		22,919
		24,169
Creditors: amounts falling due within one year	6	(13,317)
Net current assets			10,852
Total assets less current liabilities			11,569
Net assets			11,569
Capital and reserves
Share Capital			10
Profit and loss account			11,559
Shareholder's funds			11,569

The directors' statements required by Sections 475(2) and (3) are shown on the following page which forms part of this Balance Sheet.

Panibee Ltd

Registered number: 08755077

Abbreviated balance sheet (continued)

Director's statements required by Sections 475(2) and (3)
for the period ended 31 October 2014

In approving these abbreviated accounts as director of the company I hereby confirm:

(a)	that for the period stated above the company was entitled to the exemption conferred by Section 477 of the Companies Act 2006 ;
(b)	that no notice has been deposited at the registered office of the company pursuant to Section 476 requesting that an audit be conducted for the period ended 31 October 2014 ; and
(c)	that I acknowledge my responsibilities for:
	(1)	ensuring that the company keeps accounting records which comply with Section 386 ; and
	(2)	preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit or loss for the period then ended in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company.

These abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities (effective April 2008) relating to small companies.

The abbreviated accounts were approved by the Board on 27 November 2014 and signed on its behalf by
Panimalar Balakrishnan
Director

Panibee Ltd

Notes to the abbreviated financial statements

for the period ended 31 October 2014

1	Accounting policies
1.1	Basis of preparation The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2	Turnover represents value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
1.3	Tangible fixed assets and depreciation Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
	Motor vehicles	25% straight line
	Equipment, fixtures and fittings	25% straight line
1.4	Stocks Stock is valued at the lower of cost and net realisable value.

4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
		£		£		£
	Cost
	Additions	939		-		939
	At 31 October 2014	939		-		939
	Depreciation
	Charge for the year	222		-		222
	At 31 October 2014	222		-		222
	Net book value
	At 31 October 2014	717		-		717

7	Share capital	2014		2014
		No		£
	Allotted, called up and fully paid:
	Ordinary shares of £ 1 each	10		10

10	Controlling interest
	The controlling and ultimate controlling party is Panimalar Balakrishnan, the director of the company, by virtue of the fact that he/she owns 100% of the issued share capital.

11	Going concern
	The director has reviewed the twelve months ahead and has considered the company's financial position and notes no material uncertainties that may cast significant doubt about the ability of it to continue as a going concern.