THE PANEL FACTORY LTD

Company Registration Number:
10540242 (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

THE PANEL FACTORY LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

THE PANEL FACTORY LTD

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 77,351 77,207
Total fixed assets: 77,351 77,207
Current assets
Stocks: 40,673 35,597
Debtors:   32,332 78,399
Cash at bank and in hand: 31,137 47,759
Total current assets: 104,142 161,755
Creditors: amounts falling due within one year:   (116,980) (178,334)
Net current assets (liabilities): (12,838) (16,579)
Total assets less current liabilities: 64,513 60,628
Creditors: amounts falling due after more than one year:   (52,100) (50,188)
Total net assets (liabilities): 12,413 10,440
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 12,313 10,340
Shareholders funds: 12,413 10,440

The notes form part of these financial statements

THE PANEL FACTORY LTD

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 27 November 2023
and signed on behalf of the board by:

Name: A J Rawles
Status: Director

The notes form part of these financial statements

THE PANEL FACTORY LTD

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

THE PANEL FACTORY LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 6 10

THE PANEL FACTORY LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 184,752
Additions 25,939
At 31 March 2023 210,691
Depreciation
At 01 April 2022 107,545
Charge for year 25,795
At 31 March 2023 133,340
Net book value
At 31 March 2023 77,351
At 31 March 2022 77,207