Panda Corp Limited - Accounts to registrar (filleted) - small 18.1

Panda Corp Limited - Accounts to registrar (filleted) - small 18.1

PANDA CORP LIMITED - Company Information

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REGISTERED NUMBER: 10375229 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD 14 SEPTEMBER 2016 TO 31 DECEMBER 2017

FOR

PANDA CORP LIMITED
PANDA CORP LIMITED (REGISTERED NUMBER: 10375229)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 14 September 2016 to 31 December 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PANDA CORP LIMITED

COMPANY INFORMATION
FOR THE PERIOD 14 September 2016 to 31 December 2017







DIRECTOR: A Gulamali





REGISTERED OFFICE: Unit 28
Upton Industrial Estate
Factory Road
Poole
Dorset
BH16 5SL





REGISTERED NUMBER: 10375229 (England and Wales)





ACCOUNTANTS: ADDICUS
Chartered Accountants
4 The Axium Centre
Dorchester Road
Lytchett Minster
Poole
Dorset
BH16 6FE
Page 1
PANDA CORP LIMITED (REGISTERED NUMBER: 10375229)

BALANCE SHEET
31 December 2017

Notes £   
CURRENT ASSETS
Debtors 4 36,861
Cash at bank 28,983
65,844
CREDITORS
Amounts falling due within one year 5 20,857
NET CURRENT ASSETS 44,987
TOTAL ASSETS LESS CURRENT
LIABILITIES
44,987

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 44,887
SHAREHOLDERS' FUNDS 44,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 31 March 2018 and were signed by:





A Gulamali - Director


The notes form part of these financial statements

Page 2
PANDA CORP LIMITED (REGISTERED NUMBER: 10375229)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 14 September 2016 to 31 December 2017


1. STATUTORY INFORMATION

Panda Corp Limited is a private company, limited by shares , registered in England and Wales. The
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 in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year,
exclusive of value added tax.

Taxation
Taxation for the period 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 36,861

Page 3 continued...
PANDA CORP LIMITED (REGISTERED NUMBER: 10375229)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 14 September 2016 to 31 December 2017


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 300
Tax 10,708
Social security and other taxes 8,846
Other creditors 253
Accrued expenses 750
20,857

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended
31 December 2017:

£   
A Gulamali
Balance outstanding at start of period -
Amounts advanced 15,100
Amounts repaid (1,439 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period 13,661

Page 4