Dial4Panels Ltd - Filleted accounts

Dial4Panels Ltd
Registered number:		09851965
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		9,530			11,662

Current assets
Stocks		390,000			352,191
Debtors	4	129,832			15,305
Cash at bank and in hand		21,601			51,130
		541,433			418,626

Creditors: amounts falling due within one year	5	(339,499)			(260,553)

Net current assets			201,934			158,073

Total assets less current liabilities			211,464			169,735

Creditors: amounts falling due after more than one year	6		(13,455)			(46,911)



Net assets			198,009			122,824

Capital and reserves
Called up share capital			100			100
Profit and loss account			197,909			122,724

Shareholders' funds			198,009			122,824

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Y C Patel
Director
Approved by the board on 15 August 2025

Dial4Panels Ltd
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			4		6


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 January 2024	292		20,795		21,087
	At 31 December 2024	292		20,795		21,087

	Depreciation
	At 1 January 2024	96		9,329		9,425
	Charge for the year	35		2,097		2,132
	At 31 December 2024	131		11,426		11,557

	Net book value
	At 31 December 2024	161		9,369		9,530
	At 31 December 2023	196		11,466		11,662


4	Debtors			2024		2023
£					£

	Trade debtors			69,242		7,649
	Other debtors			60,590		7,656
				129,832		15,305


5	Creditors: amounts falling due within one year			2024		2023
£					£

	Trade creditors			3,209		15,684
	Corporation tax			42,938		29,590
	Other taxes and social security costs			35,367		20,883
	Other creditors			257,985		194,396
				339,499		260,553


6	Creditors: amounts falling due after one year			2024		2023
£					£

	Bank loans			13,455		46,911


7	Related party transactions

	Rent amounting to £18,000 (2023: £18,000) was paid to the directors for rent of the commercial property occupied by the company.


8	Other information

	Dial4Panels Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 1 Gadwey House
	Kitchener Road
	High Wycombe
	HP11 2SW