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REGISTERED NUMBER: 02121635











Financial Statements

for the Year Ended 31 January 2023

for

PENNINE TROPHIES LIMITED

PENNINE TROPHIES LIMITED (REGISTERED NUMBER: 02121635)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PENNINE TROPHIES LIMITED

Company Information
for the Year Ended 31 January 2023







DIRECTOR: J S Brown





SECRETARY: C A Brown





REGISTERED OFFICE: Brook House
Mint Street
Godalming
Surrey
GU7 1HE





REGISTERED NUMBER: 02121635





ACCOUNTANTS: Churchmill Partnership Limited
Brook House
Mint Street
Godalming
Surrey
GU7 1HE

PENNINE TROPHIES LIMITED (REGISTERED NUMBER: 02121635)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,593 9,983

CURRENT ASSETS
Stocks 29,250 34,250
Debtors 5 4,861 4,439
Cash at bank 53,968 40,800
88,079 79,489
CREDITORS
Amounts falling due within one year 6 47,097 37,204
NET CURRENT ASSETS 40,982 42,285
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,575

52,268

CREDITORS
Amounts falling due after more than one
year

7

26,667

36,667
NET ASSETS 21,908 15,601

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 20,908 14,601
SHAREHOLDERS' FUNDS 21,908 15,601

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

PENNINE TROPHIES LIMITED (REGISTERED NUMBER: 02121635)

Balance Sheet - continued
31 January 2023


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 23 October 2023 and were signed by:





J S Brown - Director


PENNINE TROPHIES LIMITED (REGISTERED NUMBER: 02121635)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Pennine Trophies Limited is a private company, limited by shares , registered in Not specified/Other. 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 represents net invoiced sales of trophies and trophy components excluding value added tax and are recognised in the month to which to they relate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks of trophies and trophy components for resale are valued at the lower of cost and net realisable value.

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.

PENNINE TROPHIES LIMITED (REGISTERED NUMBER: 02121635)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 71,986 31,600 103,586
DEPRECIATION
At 1 February 2022 69,803 23,800 93,603
Charge for year 437 1,953 2,390
At 31 January 2023 70,240 25,753 95,993
NET BOOK VALUE
At 31 January 2023 1,746 5,847 7,593
At 31 January 2022 2,183 7,800 9,983

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 4,861 4,439

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 10,668 1,928
Other creditors 36,429 35,276
47,097 37,204

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.23 31.1.22
£    £   
Other creditors 26,667 36,667