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
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
Little Red Panda Limited
Statement of financial position
as at 30 June 2024
Tangible assets
1,434,527
1,230,213
Cash at bank and in hand
245,145
243,410
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
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
Little Red Panda Limited
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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
Little Red Panda Limited
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
Trade debtors
164,877
281,121
Accrued income and prepayments
97,210
51,257
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
29,770
29,770
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
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
-
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).