Panel Systems (holdings) Limited in Rutland Road, S3 9QY

Description

Data updated on: 01-11-2023

02577957 is a registration number for Panel Systems (holdings) Limited. It was registered as a Private Limited Company on 1991-01-29. It has been operating on the market for the last thirty three years. This firm may be contacted at Units 3-9, Welland Close Parkwood Industrial Estate in Rutland Road. It's post code assigned to this address is S3 9QY. This company's declared SIC number is 32990 which means Other manufacturing n.e.c.. The firm's most recent annual accounts describe the period up to 2022-12-31 and the most current annual confirmation statement was released on 2023-01-29.

As for this particular company, the full extent of director's obligations have so far been executed by Christopher I. who was chosen to lead the company in 1991. Since 1991 Michael D., had performed the duties for the company up to the moment of the resignation in 2001. Additionally a different director, including David M. resigned seventeen years ago. In order to help the directors in their tasks, this particular company has been using the skills of Carol F. as a secretary since March 2007.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand		3 768 910	3 918 427
Debtors		1 654 907	1 574 730
Net Assets Liabilities		237 728	237 728
Total Inventories	469 767	659 929	630 352

Other Financial Data
Accrued Liabilities Deferred Income	89 143	61 194
Accumulated Amortisation Impairment Intangible Assets	92 346
Accumulated Depreciation Impairment Property Plant Equipment	1 653 645	1 794 154
Additions Other Than Through Business Combinations Property Plant Equipment		30 889
Administration Support Average Number Employees		3	4
Administrative Expenses	666 902	734 623	743 001
Amounts Owed To Group Undertakings	397 445	397 445
Average Number Employees During Period		61	65
Cash Cash Equivalents	3 104 418	3 768 910
Comprehensive Income Expense	446 452	849 481
Comprehensive Income Expense Attributable To Owners Parent		849 481	740 778
Corporation Tax Payable	89 370	217 974
Cost Sales	8 511 409	9 837 075	10 917 173
Creditors	397 445	397 445	397 445
Current Tax For Period	89 370	217 974
Deferred Income	3 360
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	16 500	-20 900
Distribution Costs	396 198	444 378	438 776
Dividends Paid Classified As Financing Activities	-140 000	-265 000
Dividends Received Classified As Investing Activities	-140 000	-265 000
Fixed Assets		635 173	635 173
Further Item Operating Expense Loss Income Statement Item Component Operating Profit Loss	66 491
Further Item Tax Increase Decrease Component Adjusting Items	583	-1 054
Gain Loss On Disposals Property Plant Equipment	10 725	10 000
Government Grant Income	134 728	5 590
Gross Profit Loss		2 216 150	2 029 782
Increase Decrease In Current Tax From Adjustment For Prior Periods	5 360
Increase From Depreciation Charge For Year Property Plant Equipment		140 509
Intangible Assets Gross Cost	92 346
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	368
Interest Income On Bank Deposits	6 153	3 816
Interest Paid Classified As Operating Activities	-368
Interest Payable Similar Charges Finance Costs	368		51
Interest Received Classified As Investing Activities	-6 153	-3 816
Investments Fixed Assets	635 173	635 173
Investments In Subsidiaries	635 173	635 173
Net Assets Liabilities Subsidiaries
Net Current Assets Liabilities	-397 445	-397 445	397 445
Net Finance Income Costs	140 000	265 000
Operating Profit Loss		1 042 739	848 005
Other Creditors	20 208	20 286
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment		61 323
Other Disposals Property Plant Equipment		61 323
Other Interest Receivable Similar Income Finance Income	6 153	3 816	59 521
Other Operating Income Format1		5 590
Pension Other Post-employment Benefit Costs Other Pension Costs	95 863	89 520
Percentage Class Share Held In Subsidiary		100
Prepayments Accrued Income	130 114	158 610
Production Average Number Employees		50	53
Profit Loss	140 000	265 000	240 000
Profit Loss On Ordinary Activities After Tax		849 481	740 778
Profit Loss On Ordinary Activities Before Tax		1 046 555	907 475
Profit Loss Subsidiaries
Property Plant Equipment Gross Cost	1 919 726	1 950 615
Raw Materials Consumables	459 878	659 929
Sales Marketing Distribution Average Number Employees		8	8
Social Security Costs	154 926	158 877
Staff Costs Employee Benefits Expense	1 953 326	2 025 225
Taxation Including Deferred Taxation Balance Sheet Subtotal		600	1 300
Tax Tax Credit On Profit Or Loss On Ordinary Activities	111 230	197 074	166 697
Total Assets Less Current Liabilities	237 728	237 728	5 074 088
Total Current Tax Expense Credit	94 730	217 974
Trade Creditors Trade Payables	906 095	1 099 574
Trade Debtors Trade Receivables	1 377 728	1 496 297
Turnover Revenue	10 058 169	12 053 225	12 946 955
Wages Salaries	1 702 537	1 776 828