Panel Wizard Ltd 08691790 Car Body Repairs false 1 October 2023 08691790 2023-10-01 2024-09-30 08691790 2023-09-30 08691790 2024-09-30 08691790 2022-10-01 2023-09-30 08691790 2022-09-30 08691790 2023-09-30 08691790 frs102-bus:FRS102 2023-10-01 2024-09-30 08691790 frs102-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08691790 frs102-bus:FullAccounts 2023-10-01 2024-09-30 08691790 frs102-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08691790 frs102-core:CurrentFinancialInstruments 2024-09-30 08691790 frs102-core:CurrentFinancialInstruments 2023-09-30 08691790 frs102-core:Non-currentFinancialInstruments 2024-09-30 08691790 frs102-core:Non-currentFinancialInstruments 2023-09-30 08691790 frs102-core:ShareCapital 2024-09-30 08691790 frs102-core:ShareCapital 2023-09-30 08691790 frs102-core:RetainedEarningsAccumulatedLosses 2024-09-30 08691790 frs102-core:RetainedEarningsAccumulatedLosses 2023-09-30 08691790 frs102-bus:Director1 2023-10-01 2024-09-30 08691790 frs102-core:Vehicles 2023-10-01 2024-09-30 08691790 frs102-core:Vehicles 2023-09-30 08691790 frs102-core:Vehicles 2024-09-30 08691790 frs102-core:Vehicles 2023-09-30 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
08691790
Panel Wizard Ltd
Unaudited Accounts
for the year ended
30 September 2024
Panel Wizard Ltd
Balance Sheet
as at 30 September 2024
Notes
2024
£
2023
£
Fixed assets
Tangible assets 4 12,132 3,996
12,132 3,996
Current assets
Cash at bank and in hand 11,852 29,253
11,852 29,253
Creditors: amounts falling due within one year 5 (755) (580)
Net current assets / (liabilities) 11,097 28,673
Total assets less current liabilities 23,229 32,669
Creditors: amounts falling due after more than one year 6 (22,358) (34,280)
Provisions for liabilities (0) (0)
Total net assets (liabilities) 871 (1,611)
Capital and reserves
Called up share capital 100 100
Profit and loss account 771 (1,711)
Shareholders' funds 871 (1,611)

Panel Wizard Ltd
Balance Sheet
as at 30 September 2024



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 30 September 2024 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.

Signed on behalf of the board of directors

...............................

Mr P Peev

Director


Approved by the board on 22 May 2025

Company Number: 08691790 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

11 Skylark Avenue
Southminster
Essex
CM0 7YF
England

Panel Wizard Ltd
Notes to the Accounts
for the year ended 30 September 2024

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Vehicles 25% Straight Line
2. Profit or loss

Profit before tax is stated after charging the following:

2024

2023
£ £
Directors' remuneration 11,400 10,800

3. Employees
2024 2023
Average number of employees during the period 1 1

4. Tangible fixed assets
Vehicles Total
Cost or valuation £ £
At 1 October 2023 10,656 10,656
Additions 10,800 10,800
At 30 September 2024 21,456 21,456
Depreciation
At 1 October 2023 6,660 6,660
Charge for the period 2,664 2,664
At 30 September 2024 9,324 9,324
Net book value
At 30 September 2024 12,132 12,132
At 30 September 2023 3,996 3,996

5. Creditors: amounts falling due within one year
2024 2023
£ £
Taxation & social security 75 0
Other creditors 680 580
755 580

6. Creditors: amounts falling due after one year
2024 2023
£ £
Bank Loans & overdrafts 22,358 34,280
22,358 34,280