Pan Publicity Limited - Period Ending 2017-03-31

Registration number: 01645494

Pan Publicity Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2017

Pan Publicity Limited

Contents

 

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 6

Pan Publicity Limited

Registration number: 01645494

Balance Sheet as at 31 March 2017

	Note	2017 £	2016 £
Fixed assets
Tangible assets	4	14,058	18,449
Current assets
Debtors	5	121,979	64,473
Cash at bank and in hand		309,617	388,359
		431,596	452,832
Creditors: Amounts falling due within one year	6	(96,130)	(117,511)
Net current assets		335,466	335,321
Total assets less current liabilities		349,524	353,770
Provisions for liabilities		(1,916)	-
Net assets		347,608	353,770
Capital and reserves
Called up share capital		2,800	2,800
Profit and loss account		344,808	350,970
Total equity		347,608	353,770

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

The notes on pages 3 to 6 form an integral part of these financial statements.

Page 1

Pan Publicity Limited

Registration number: 01645494

Balance Sheet as at 31 March 2017 (continued)

For the financial year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 9 November 2017 and signed on its behalf by:
 

AA Evans

Director

The notes on pages 3 to 6 form an integral part of these financial statements.

Page 2

Pan Publicity Limited

Notes to the Financial Statements for the Year Ended 31 March 2017

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
The Creative Exchange
11 Church Lane Gorleston
Great Yarmouth
Norfolk
NR31 7BE

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Page 3

Pan Publicity Limited

Notes to the Financial Statements for the Year Ended 31 March 2017 (continued)

2	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	15% reducing balance method
Motor vehicles	25% reducing balance method

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2016 - 7).

Page 4

Pan Publicity Limited

Notes to the Financial Statements for the Year Ended 31 March 2017 (continued)

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2016	31,767	33,000	64,767
At 31 March 2017	31,767	33,000	64,767
Depreciation
At 1 April 2016	29,559	16,759	46,318
Charge for the year	331	4,060	4,391
At 31 March 2017	29,890	20,819	50,709
Carrying amount
At 31 March 2017	1,877	12,181	14,058
At 31 March 2016	2,208	16,241	18,449

5

Debtors

	2017 £	2016 £
Trade debtors	104,277	54,049
Other debtors	17,702	10,424
Total current trade and other debtors	121,979	64,473

Page 5

Pan Publicity Limited

Notes to the Financial Statements for the Year Ended 31 March 2017 (continued)

6

Creditors

	Note	2017 £	2016 £
Due within one year
Trade creditors		25,265	44,680
Director loan accounts		4	4
Taxation and social security		33,762	35,727
Other creditors		37,099	37,100
		96,130	117,511

Page 6