Pandion Limited - Accounts to registrar (filleted) - small 17.3
Pandion Limited - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended |
30 September 2017 |
for |
Pandion Limited |
Pandion Limited (Registered number: 08711319) |
Contents of the Financial Statements |
for the Year Ended 30 September 2017 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Pandion Limited |
Company Information |
for the Year Ended 30 September 2017 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Suite 1 |
Liberty House |
South Liberty Lane |
Bristol |
BS3 2ST |
Pandion Limited (Registered number: 08711319) |
Statement of Financial Position |
30 September 2017 |
30.9.17 | 30.9.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
CURRENT ASSETS |
Inventories | 5 |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | 9 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Pandion Limited (Registered number: 08711319) |
Statement of Financial Position - continued |
30 September 2017 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director on |
Pandion Limited (Registered number: 08711319) |
Notes to the Financial Statements |
for the Year Ended 30 September 2017 |
1. | STATUTORY INFORMATION |
Pandion Limited is a |
company's registered number and registered office address can be found on the Company Information |
page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements have been prepared on a going concern basis. This basis may not be |
appropriate and the company continues to rely on the support of its director, creditors and bankers. |
Turnover |
Turnover represents the amounts receivable, excluding VAT and trade discounts, by the company for |
goods and services provided during the year. All transactions arose in the United Kingdom. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
Stocks |
Inventories are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the statement of financial position date. |
Pandion Limited (Registered number: 08711319) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2017 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the statement of financial position date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period |
of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | PROPERTY, PLANT AND EQUIPMENT |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 October 2016 |
Additions |
Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
At 30 September 2017 |
DEPRECIATION |
At 1 October 2016 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
At 30 September 2017 |
NET BOOK VALUE |
At 30 September 2017 |
At 30 September 2016 |
Pandion Limited (Registered number: 08711319) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2017 |
5. | INVENTORIES |
30.9.17 | 30.9.16 |
£ | £ |
Stocks |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.17 | 30.9.16 |
£ | £ |
Trade debtors |
Directors' current accounts | - | 4,925 |
VAT |
Prepayments and accrued income |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.17 | 30.9.16 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Social security and other taxes |
VAT | - | 5,829 |
Directors' current accounts | 10,081 | - |
Accrued expenses |
8. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal | 30.9.17 | 30.9.16 |
value: | £ | £ |
Share capital 1 | £1 | 1 | 1 |
Pandion Limited (Registered number: 08711319) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2017 |
9. | RESERVES |
Retained |
earnings |
£ |
At 1 October 2016 | ( |
) |
Deficit for the year | ( |
) |
At 30 September 2017 | ( |
) |
10. | RELATED PARTY DISCLOSURES |
R C Beattie |
Director |
During the year the company entered into the following transactions with the director: |
2017 | 2016 |
Dividends | - | - |
Capital withdrawn | - | 4,925 |
Capital introduced | 15,006 | - |
At the year end the company owed the director £10,081 (2016 - the director owed the company |
£4,925). |
11. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |