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REGISTERED NUMBER: 07892108 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Penn Architectural Limited

Penn Architectural Limited (Registered number: 07892108)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Penn Architectural Limited

Company Information
for the Year Ended 31 December 2021







DIRECTOR: N T Pennell





SECRETARY: Mrs S A Pennell





REGISTERED OFFICE: 26 Main Road
Ketley Bank
Telford
Shropshire
TF2 0DH





REGISTERED NUMBER: 07892108 (England and Wales)





ACCOUNTANTS: Phillips Ltd
Chartered Accountants
4 Pearson Road
Central Park
Telford
Shropshire
TF2 9TX

Penn Architectural Limited (Registered number: 07892108)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,473 -

CURRENT ASSETS
Debtors 5 5,113 2,055
Cash at bank 52,302 38,180
57,415 40,235
CREDITORS
Amounts falling due within one year 6 14,197 10,417
NET CURRENT ASSETS 43,218 29,818
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,691

29,818

CREDITORS
Amounts falling due after more than one year 7 15,722 19,667
NET ASSETS 28,969 10,151

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 28,869 10,051
SHAREHOLDERS' FUNDS 28,969 10,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

Penn Architectural Limited (Registered number: 07892108)

Balance Sheet - continued
31 December 2021


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 September 2022 and were signed by:





N T Pennell - Director


Penn Architectural Limited (Registered number: 07892108)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Penn Architectural Limited is a private company, limited by shares , registered in England and Wales. 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.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

Penn Architectural Limited (Registered number: 07892108)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2021 2,569
Additions 1,901
At 31 December 2021 4,470
DEPRECIATION
At 1 January 2021 2,569
Charge for year 428
At 31 December 2021 2,997
NET BOOK VALUE
At 31 December 2021 1,473
At 31 December 2020 -

5. DEBTORS
31.12.21 31.12.20
£    £   
Amounts falling due within one year:
Trade debtors 4,786 2,055

Amounts falling due after more than one year:
Other debtors 327 -

Aggregate amounts 5,113 2,055

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 4,000 333
Tax 5,627 2,437
Directors' current accounts 3,688 6,808
Accrued expenses 882 839
14,197 10,417

Penn Architectural Limited (Registered number: 07892108)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans - 1-2 years 4,000 4,000
Bank loans - 2-5 years 11,722 12,000
Bank loans over 5 years - 3,667
15,722 19,667

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years - 3,667