Company Registration No. 13115715 (England and Wales)
Panther Electrical LTD
Unaudited accounts
for the period from 6 January 2021 to 31 January 2022
Panther Electrical LTD
Unaudited accounts
Contents
Panther Electrical LTD
Company Information
for the period from 6 January 2021 to 31 January 2022
Company Number
13115715 (England and Wales)
Registered Office
33 Dorsey Drive
Bedford
MK42 9FL
England
Accountants
Jameson Accounting Services
87 Hillesden Avenue
Elstow
Bedford
Bedfordshire
MK42 9AJ
Panther Electrical LTD
Statement of financial position
as at
31 January 2022
Cash at bank and in hand
1,079
Creditors: amounts falling due within one year
(8,277)
Net current liabilities
(346)
Total assets less current liabilities
778
Creditors: amounts falling due after more than one year
(675)
Called up share capital
100
Profit and loss account
3
For the period ending 31 January 2022 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 November 2022 and were signed on its behalf by
Curtis Lee
Director
Company Registration No. 13115715
Panther Electrical LTD
Notes to the Accounts
for the period from 6 January 2021 to 31 January 2022
Panther Electrical LTD is a private company, limited by shares, registered in England and Wales, registration number 13115715. The registered office is 33 Dorsey Drive, Bedford, MK42 9FL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 to 4 years
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Panther Electrical LTD
Notes to the Accounts
for the period from 6 January 2021 to 31 January 2022
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
Charge for the period
225
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
Obligations under finance leases and hire purchase contracts
450
Taxes and social security
6,827
7
Creditors: amounts falling due after more than one year
2022
Obligations under finance leases and hire purchase contracts
675
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors loan account
-
5,958
-
5,958
9
Average number of employees
During the period the average number of employees was 1.