SPECIALIST PANELS UK LIMITED

Company Registration Number:
06864019 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

SPECIALIST PANELS UK LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

SPECIALIST PANELS UK LIMITED

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 10,072 12,321
Total fixed assets: 10,072 12,321
Current assets
Stocks: 74,825 78,470
Debtors:   912,527 1,159,407
Cash at bank and in hand: 344,781 452,851
Total current assets: 1,332,133 1,690,728
Creditors: amounts falling due within one year: 4 (903,032) (1,167,387)
Net current assets (liabilities): 429,101 523,341
Total assets less current liabilities: 439,173 535,662
Creditors: amounts falling due after more than one year: 5 (21,941) (31,694)
Provision for liabilities: (1,913) (2,341)
Total net assets (liabilities): 415,319 501,627
Capital and reserves
Called up share capital: 11,000 11,000
Profit and loss account: 404,319 490,627
Shareholders funds: 415,319 501,627

The notes form part of these financial statements

SPECIALIST PANELS UK LIMITED

Balance sheet statements

For the year ending 31 March 2023 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 November 2023
and signed on behalf of the board by:

Name: Mr R. Parkin
Status: Director

The notes form part of these financial statements

SPECIALIST PANELS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SPECIALIST PANELS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 11 10

SPECIALIST PANELS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 146,617
Additions 103
At 31 March 2023 146,720
Depreciation
At 01 April 2022 134,296
Charge for year 2,352
At 31 March 2023 136,648
Net book value
At 31 March 2023 10,072
At 31 March 2022 12,321

SPECIALIST PANELS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due within one year note

2023 2022Trade creditors 441446 614683Corporation tax 5964 45964Other taxation and social security 35192 4715Other creditors 412991 493110Directors loan accounts (3797) (2301)Accruals 1236 1216Bank Loan 10000 10000 903032 1167387

SPECIALIST PANELS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due after more than one year note

2023 2022Bank Loan 21941 31694

SPECIALIST PANELS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Financial commitments

The company had no commitments at 31st March 2023