IRIS Accounts Production v24.2.0.383 05527993 director 1.12.22 30.11.23 30.11.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055279932022-11-30055279932023-11-30055279932022-12-012023-11-30055279932021-11-30055279932021-12-012022-11-30055279932022-11-3005527993ns15:EnglandWales2022-12-012023-11-3005527993ns14:PoundSterling2022-12-012023-11-3005527993ns10:Director12022-12-012023-11-3005527993ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3005527993ns10:SmallEntities2022-12-012023-11-3005527993ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3005527993ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3005527993ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3005527993ns10:FullAccounts2022-12-012023-11-300552799312022-12-012023-11-3005527993ns10:RegisteredOffice2022-12-012023-11-3005527993ns5:CurrentFinancialInstruments2023-11-3005527993ns5:CurrentFinancialInstruments2022-11-3005527993ns5:Non-currentFinancialInstruments2023-11-3005527993ns5:Non-currentFinancialInstruments2022-11-3005527993ns5:ShareCapital2023-11-3005527993ns5:ShareCapital2022-11-3005527993ns5:RetainedEarningsAccumulatedLosses2023-11-3005527993ns5:RetainedEarningsAccumulatedLosses2022-11-3005527993ns5:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3005527993ns5:PlantMachinery2022-12-012023-11-3005527993ns5:IntangibleAssetsOtherThanGoodwill2022-11-3005527993ns5:IntangibleAssetsOtherThanGoodwill2023-11-3005527993ns5:IntangibleAssetsOtherThanGoodwill2022-11-3005527993ns5:PlantMachinery2022-11-3005527993ns5:PlantMachinery2023-11-3005527993ns5:PlantMachinery2022-11-3005527993ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3005527993ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3005527993ns5:WithinOneYear2023-11-3005527993ns5:WithinOneYear2022-11-3005527993ns5:BetweenOneFiveYears2023-11-3005527993ns5:BetweenOneFiveYears2022-11-3005527993ns5:AllPeriods2023-11-3005527993ns5:AllPeriods2022-11-3005527993ns5:Secured2023-11-3005527993ns5:Secured2022-11-30055279931ns10:Director12022-11-30055279931ns10:Director12021-11-30055279931ns10:Director12022-12-012023-11-30055279931ns10:Director12021-12-012022-11-30055279931ns10:Director12023-11-30055279931ns10:Director12022-11-30
REGISTERED NUMBER: 05527993 (England and Wales)















DON`T PANIC PROJECTS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023






DON`T PANIC PROJECTS LIMITED (REGISTERED NUMBER: 05527993)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DON`T PANIC PROJECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: N Wake





REGISTERED OFFICE: Suite 21
Hardmans Business Centre
New Hall Hey Road
Rawtenstall
Rossendale
BB4 6HH





REGISTERED NUMBER: 05527993 (England and Wales)





ACCOUNTANTS: DTE Business Advisers Limited
The Exchange
5 Bank Street
Bury
BL9 0DN

DON`T PANIC PROJECTS LIMITED (REGISTERED NUMBER: 05527993)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,294 3,957
Property, plant and equipment 5 15,304 11,898
17,598 15,855

CURRENT ASSETS
Debtors 6 482,113 406,542
Cash at bank 183,874 306,924
665,987 713,466
CREDITORS
Amounts falling due within one year 7 (488,316 ) (474,724 )
NET CURRENT ASSETS 177,671 238,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

195,269

254,597

CREDITORS
Amounts falling due after more than one
year

8

(121,667

)

(194,667

)

PROVISIONS FOR LIABILITIES (3,164 ) (2,200 )
NET ASSETS 70,438 57,730

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 70,338 57,630
70,438 57,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

DON`T PANIC PROJECTS LIMITED (REGISTERED NUMBER: 05527993)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 8 August 2024 and were signed by:





N Wake - Director


DON`T PANIC PROJECTS LIMITED (REGISTERED NUMBER: 05527993)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Don't Panic Projects Limited is a private company, limited by shares, registered in England and Wales. The company's registration number is 05527993 and its registered office address is Suite 21, Hardmands Business Centre, New Hall Hey Road, Rossendale, BB4 6HH.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company had net assets of £70k and cash reserves of £184k at the year end. For the foreseeable future, the director anticipates that the company will continue to trade profitably and therefore adopts the going concern basis of accounting in preparing these financial statements.

Critical judgements and estimates
In the opinion of the director there are no judgements or estimates which are considered critical to the preparation of the financial statements.

Revenue
Revenue comprises amounts receivable in return for services provided net of value added tax and discounts and is recognised in the period in which the service is provided. Amounts invoiced in advance are deferred and recognised in the year to which they relate.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks are being amortised evenly over their estimated useful life of 5 years.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other receivables and payables, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost.


DON`T PANIC PROJECTS LIMITED (REGISTERED NUMBER: 05527993)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the Statement of Financial Position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 income statement in the period to which they relate.

Operating leases
Rentals paid under operating leases are charged to the income statement on a straight-line basis over the period of the lease.

Dividends
Equity dividends are recognised when they become legally payable and are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 17 ) .

DON`T PANIC PROJECTS LIMITED (REGISTERED NUMBER: 05527993)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022
and 30 November 2023 8,312
AMORTISATION
At 1 December 2022 4,355
Charge for year 1,663
At 30 November 2023 6,018
NET BOOK VALUE
At 30 November 2023 2,294
At 30 November 2022 3,957

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 December 2022 26,930
Additions 11,731
At 30 November 2023 38,661
DEPRECIATION
At 1 December 2022 15,032
Charge for year 8,325
At 30 November 2023 23,357
NET BOOK VALUE
At 30 November 2023 15,304
At 30 November 2022 11,898

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 138,193 88,471
Other debtors 343,920 318,071
482,113 406,542

DON`T PANIC PROJECTS LIMITED (REGISTERED NUMBER: 05527993)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 73,000 73,000
Trade creditors 121,183 55,436
Taxation and social security 61,169 63,040
Other creditors 232,964 283,248
488,316 474,724

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 121,667 194,667

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 21,324 21,324
Between one and five years 14,216 35,540
35,540 56,864

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 194,667 267,667

The company has granted its bankers a debenture over the assets of the company.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
N Wake
Balance outstanding at start of year 177,208 192,915
Amounts advanced 37,241 4,293
Amounts repaid (30,000 ) (20,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 184,449 177,208

DON`T PANIC PROJECTS LIMITED (REGISTERED NUMBER: 05527993)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

The balance is unsecured, interest free and repayable on demand. There were no material advances during the year. The maximum overdrawn balance on the DLA during the year was £184,449 (2022: £177,208)