PANELS DIRECT LIMITED

Company Registration Number:
04468359 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2026

Period of accounts

Start date: 01 May 2025

End date: 30 April 2026

PANELS DIRECT LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2026

Balance sheet
Notes

PANELS DIRECT LIMITED

Balance sheet

As at 30 April 2026


Notes
2026
2025


£
£
Fixed assets
Tangible assets: 3 259,600 253,100
Total fixed assets: 259,600 253,100
Current assets
Stocks: 130,000 130,000
Debtors: 4 409,562 421,683
Cash at bank and in hand: 123,753 183,429
Total current assets: 663,315 735,112
Creditors: amounts falling due within one year: 5 (555,294) (523,826)
Net current assets (liabilities): 108,021 211,286
Total assets less current liabilities: 367,621 464,386
Creditors: amounts falling due after more than one year: 6   (49,250)
Provision for liabilities: (64,900) (63,050)
Total net assets (liabilities): 302,721 352,086
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 302,719 352,084
Shareholders funds: 302,721 352,086

The notes form part of these financial statements

PANELS DIRECT LIMITED

Balance sheet statements

For the year ending 30 April 2026 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 July 2026
and signed on behalf of the board by:

Name: B Canning
Status: Director

The notes form part of these financial statements

PANELS DIRECT LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2026

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Plant, equipment and motors -15% reducing balance

Intangible fixed assets and amortisation policy

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows: Goodwill-Over 20 years If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Valuation and information policy

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition

Other accounting policies

Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

PANELS DIRECT LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2026

2. Employees

2026 2025
Average number of employees during the period 27 27

PANELS DIRECT LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2026

3. Tangible Assets

Total
Cost £
At 01 May 2025 724,357
Additions 65,485
Disposals (9,200)
At 30 April 2026 780,642
Depreciation
At 01 May 2025 471,257
Charge for year 58,152
On disposals (8,367)
At 30 April 2026 521,042
Net book value
At 30 April 2026 259,600
At 30 April 2025 253,100

PANELS DIRECT LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2026

4. Debtors

2026 2025
££
Debtors due after more than one year: 0 0

PANELS DIRECT LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2026

5. Creditors: amounts falling due within one year note

2026 2025 Bank loans 2424 61449 Trade creditors 551993 426150 Corporation tax 496 35449 Other creditors 381 728 Total 555294 523826

PANELS DIRECT LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2026

6. Creditors: amounts falling due after more than one year note

2026 2025 Bank loans - 49250

PANELS DIRECT LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2026

7. Related party transactions

Name of the related party: Directform Plastics Ltd
Relationship:
Related company
Description of the Transaction: Goods purchased
£
Balance at 01 May 2025 137,435
Balance at 30 April 2026 133,390
Name of the related party: Directform Plastics Ltd
Relationship:
Related company
Description of the Transaction: Sales to company
£
Balance at 01 May 2025 42,491
Balance at 30 April 2026 41,570