Panel Shop 2000 Ltd

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 03994969

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		1,945

			-		1,945
CURRENT ASSETS
Stocks		34,912		39,577
Debtors		26,449		30,023
Cash at bank		55,229		69,623

		116,590		139,223
Creditors: Amounts Falling Due Within One Year		(24,237 )		(34,617 )

NET CURRENT ASSETS (LIABILITIES)			92,353		104,606

TOTAL ASSETS LESS CURRENT LIABILITIES			92,353		106,551

Creditors: Amounts Falling Due After More Than One Year			(70,000 )		(85,237 )

NET ASSETS			22,353		21,314

CAPITAL AND RESERVES
Called up share capital	5		800		800
Profit and Loss Account			21,553		20,514

SHAREHOLDERS' FUNDS			22,353		21,314

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Panel Shop 2000 Ltd

Abridged Balance Sheet (continued)

As At 31 May 2026

For the year ending 31 May 2026 the company was entitled to exemption from audit 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.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 May 2026 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr R H Beaton

Director

21/08/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Panel Shop 2000 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03994969 . The registered office is Units 3 \ 4, Worle Industrial Estate, Coker Road, Weston Super Mare, Somerset, BS22 6BX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The following accounting policies have been consistently applied in dealing with the items which are considered material to the company's accounts.

2.2. Turnover

Turnover consists of the invoiced value, excluding VAT, for goods and services supplied to third parties in the ordinary course of business during the year and is attributable to the principle activity of the company.

2.3. Tangible Fixed Assets and Depreciation

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

Improvements to Property	Straight line over 5 years
Commercial Vehicles	25% straight line over 4 years
Fixtures, Fittings & Equipment	25% straight line over 4 years

It is the company's policy, where appropriate, to remove the original cost less the accumulated depreciation from the fixed assets of all those items that are no longer in use or were acquired more than 10 years previously.

2.4. Stocks and Work in Progress

Stock is stated at the lower of cost and net realisable value in the ordinary course of business.

2.5. Taxation

The charge for taxation is based on the trading profit for the year and takes into account deferred taxation where appropriate.

Full provision is made for deferred tax liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for corporate tax purposes. No account is taken for any deferred tax assets where they arise.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 3)

4. Tangible Assets

	Total
	£
Cost
As at 1 June 2025	56,754

As at 31 May 2026	56,754

...CONTINUED

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Panel Shop 2000 Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 May 2026

Depreciation
As at 1 June 2025	54,809
Provided during the period	1,945

As at 31 May 2026	56,754

Net Book Value
As at 31 May 2026	-

As at 1 June 2025	1,945

Where appropriate, it is the company's policy to remove the original cost and the accumulated depreciation from the fixed assets of all those items that were acquired more than 10 years previously.

5. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	800	800

6. Dividends

	2026	2025
	£	£
On equity shares:
Final dividend paid	-	40,000

7. Related Party Transactions

The company paid rent of £15,600 ( 2025 - £14,400 ) to a joint venture in which Mr R H Allan, a director of the company, has an interest and is a part owner of the property from which the company trades.

8. Ultimate Controlling Party

The controlling party of the company is Mr R H Allan by virtue of his majority shareholdeing.

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