REGISTERED NUMBER: SC240221 (Scotland)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Panel Rescue Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Paterson

REGISTERED OFFICE:

6 Market Square

OLDMELDRUM

Aberdeenshire

AB51 0AA

REGISTERED NUMBER:

SC240221 (Scotland)

ACCOUNTANTS:

J M Taylor Accountants

6 Market Square

Oldmeldrum

Aberdeenshire

AB51 0AA

FIXED ASSETS

Tangible assets

4

2,119

2,868

CURRENT ASSETS

Stocks

720

720

Debtors

5

13,086

15,252

Cash at bank

31,387

34,610

45,193

50,582

CREDITORS

Amounts falling due within one year

6

18,274

17,838

NET CURRENT ASSETS

26,919

32,744

TOTAL ASSETS LESS CURRENT LIABILITIES

29,038

35,612

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

29,028

35,602

29,038

35,612

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2026 and were signed by:

J Paterson - Director

1.	STATUTORY INFORMATION

Panel Rescue Limited is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 December 2024

4,505

2,148

2,615

9,268

Disposals

(932

)

(2,148

)

(1,699

)

(4,779

)

At 30 November 2025

3,573

-

916

4,489

DEPRECIATION

At 1 December 2024

2,341

2,125

1,934

6,400

Charge for year

534

-

172

706

Eliminated on disposal

(906

)

(2,125

)

(1,705

)

(4,736

)

At 30 November 2025

1,969

-

401

2,370

NET BOOK VALUE

At 30 November 2025

1,604

-

515

2,119

At 30 November 2024

2,164

23

681

2,868

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Trade debtors

13,086

15,252

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Taxation

10,448

11,210

Social security and other taxes

755

758

VAT

6,009

4,723

Directors' current accounts

12

106

Accrued expenses

1,050

1,041

18,274

17,838