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Company Registration No. 07674357 (England and Wales)
Little Red Panda Limited Unaudited accounts for the year ended 30 June 2024
Little Red Panda Limited Unaudited accounts Contents
Page
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Little Red Panda Limited Company Information for the year ended 30 June 2024
Directors
Owen Heard Arthur Woodcroft
Company Number
07674357 (England and Wales)
Registered Office
WOODSTOCK FELTON MORPETH NORTHUMBERLAND NE65 9HP UNITED KINGDOM
Accountants
Harwood Business Services Limited Woodstock Felton Morpeth Northumberland NE65 9HP
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Little Red Panda Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,434,527 
1,230,213 
Current assets
Debtors
262,087 
337,763 
Cash at bank and in hand
245,145 
243,410 
507,232 
581,173 
Creditors: amounts falling due within one year
(195,295)
(284,991)
Net current assets
311,937 
296,182 
Total assets less current liabilities
1,746,464 
1,526,395 
Creditors: amounts falling due after more than one year
(830,095)
(718,203)
Net assets
916,369 
808,192 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
916,269 
808,092 
Shareholders' funds
916,369 
808,192 
For the year ending 30 June 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by
Owen Heard Director Company Registration No. 07674357
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Little Red Panda Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Little Red Panda Limited is a private company, limited by shares, registered in England and Wales, registration number 07674357. The registered office is WOODSTOCK, FELTON, MORPETH, NORTHUMBERLAND, NE65 9HP, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance basis
Motor vehicles
20% Straight Line Basis
Fixtures & fittings
25% Reducing balance basis
Computer equipment
33% Straight Line Basis
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 July 2023
1,129,530 
149,039 
- 
49,956 
27,609 
1,356,134 
Additions
- 
63,040 
166,847 
7,106 
11,513 
248,506 
At 30 June 2024
1,129,530 
212,079 
166,847 
57,062 
39,122 
1,604,640 
Depreciation
At 1 July 2023
- 
74,747 
- 
32,802 
18,372 
125,921 
Charge for the year
- 
24,692 
9,182 
5,480 
4,838 
44,192 
At 30 June 2024
- 
99,439 
9,182 
38,282 
23,210 
170,113 
Net book value
At 30 June 2024
1,129,530 
112,640 
157,665 
18,780 
15,912 
1,434,527 
At 30 June 2023
1,129,530 
74,292 
- 
17,154 
9,237 
1,230,213 
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Little Red Panda Limited Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
164,877 
281,121 
Accrued income and prepayments
97,210 
51,257 
Other debtors
- 
5,385 
262,087 
337,763 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
29,770 
29,770 
VAT
86,431 
146,542 
Obligations under finance leases and hire purchase contracts
19,013 
- 
Trade creditors
15,986 
24,905 
Taxes and social security
27,270 
68,390 
Other creditors
6,698 
2,965 
Accruals
10,127 
12,419 
195,295 
284,991 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
687,721 
718,203 
Obligations under finance leases and hire purchase contracts
142,374 
- 
830,095 
718,203 
The loan is secured by way of a fixed and floating charge over the property and undertakings of the Company in favour of Lloyds Bank plc.
8
Average number of employees
During the year the average number of employees was 21 (2023: 21).
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