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REGISTERED NUMBER: 07427282 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 November 2024

for

The Panic Room Company Limited

The Panic Room Company Limited (Registered number: 07427282)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Panic Room Company Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: P Weldon





REGISTERED OFFICE: CFC House
Woodseats Close
Sheffield
South Yorkshire
S8 0TB





REGISTERED NUMBER: 07427282 (England and Wales)





ACCOUNTANTS: Camplejohn Rowan
CFC House
Acorn Business Park
Woodseats Close
Sheffield
South Yorkshire
S8 0TB

The Panic Room Company Limited (Registered number: 07427282)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 33,385 19,162

CURRENT ASSETS
Stocks 8,000 25,000
Debtors 5 69,146 75,657
Cash at bank 76,449 19,319
153,595 119,976
CREDITORS
Amounts falling due within one year 6 (125,212 ) (88,513 )
NET CURRENT ASSETS 28,383 31,463
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,768

50,625

CREDITORS
Amounts falling due after more than one
year

7

(55,460

)

(43,344

)

PROVISIONS FOR LIABILITIES (6,288 ) -
NET ASSETS 20 7,281

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 19 7,280
SHAREHOLDERS' FUNDS 20 7,281

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The Panic Room Company Limited (Registered number: 07427282)

Balance Sheet - continued
30 November 2024


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 14 August 2025 and were signed by:





P Weldon - Director


The Panic Room Company Limited (Registered number: 07427282)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

The Panic Room Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover represents the sale and installation of goods. It is recognised when the goods are ordered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

The Panic Room Company Limited (Registered number: 07427282)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2023 33,990 940 34,930
Additions 25,350 - 25,350
At 30 November 2024 59,340 940 60,280
DEPRECIATION
At 1 December 2023 14,871 897 15,768
Charge for year 11,117 10 11,127
At 30 November 2024 25,988 907 26,895
NET BOOK VALUE
At 30 November 2024 33,352 33 33,385
At 30 November 2023 19,119 43 19,162

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 2,986 671
Other debtors 16,949 74,986
Directors' current accounts 49,211 -
69,146 75,657

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 9,648 9,648
Hire purchase contracts 9,938 5,375
Trade creditors 15,661 15,029
Tax 31,862 15,253
VAT 17,897 9,500
Other creditors 37,206 1,310
Directors' current accounts - 29,398
Accrued expenses 3,000 3,000
125,212 88,513

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans 24,941 24,941
Hire purchase contracts 30,519 18,403
55,460 43,344