PANELTECH INDUSTRIES LIMITED

Company Registration Number:
08887054 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

PANELTECH INDUSTRIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Notes

PANELTECH INDUSTRIES LIMITED

Balance sheet

As at 31 July 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,107,482 884,878
Total fixed assets: 1,107,482 884,878
Current assets
Stocks: 20,000 20,000
Debtors:   276,090 418,715
Cash at bank and in hand: 428,640 307,965
Total current assets: 724,730 746,680
Creditors: amounts falling due within one year: 4 (391,818) (460,322)
Net current assets (liabilities): 332,912 286,358
Total assets less current liabilities: 1,440,394 1,171,236
Creditors: amounts falling due after more than one year: 5 (460,301) (399,307)
Total net assets (liabilities): 980,093 771,929
Capital and reserves
Called up share capital: 3 3
Profit and loss account: 980,090 771,926
Shareholders funds: 980,093 771,929

The notes form part of these financial statements

PANELTECH INDUSTRIES LIMITED

Balance sheet statements

For the year ending 31 July 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 21 April 2024
and signed on behalf of the board by:

Name: Ian Larner
Status: Director

The notes form part of these financial statements

PANELTECH INDUSTRIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 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

PANELTECH INDUSTRIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

2. Employees

2023 2022
Average number of employees during the period 18 17

PANELTECH INDUSTRIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible Assets

Total
Cost £
At 01 August 2022 1,584,670
Additions 370,786
At 31 July 2023 1,955,456
Depreciation
At 01 August 2022 699,792
Charge for year 148,182
At 31 July 2023 847,974
Net book value
At 31 July 2023 1,107,482
At 31 July 2022 884,878

PANELTECH INDUSTRIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Creditors: amounts falling due within one year note

' 2023 2022Loans and borrowings 165,730 154,651Trade creditors 104,105 214,810Taxation and social security 51,151 37,582 Accruals and deferred income 5,275 5,273Other creditors 65,557 48,006Total 391,818 460,322

PANELTECH INDUSTRIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

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

' 2023 2022Bank borrowing 216,603 248,097HP Contracts 166,119 -Finance lease liabilities 77,579 116,210Other Borrowing - 35,000Total 460,301 399,307

PANELTECH INDUSTRIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

6. Related party transactions

Name of the related party:
Relationship:
Subsidiary
Description of the Transaction: Sale of goods to a related party in the year was £201,872 (2022: £359,487). As at the balance sheet date, £9,029 (2022: £81,862) was due from the related party
£
Balance at 01 August 2022 81,862
Balance at 31 July 2023 9,029