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REGISTERED NUMBER: 09923605
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022

FOR

PENRITH PLANT LIMITED

PENRITH PLANT LIMITED (REGISTERED NUMBER: 09923605)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PENRITH PLANT LIMITED

COMPANY INFORMATION
for the Year Ended 31st December 2022







DIRECTOR: Mr D Threlfell





SECRETARY:





REGISTERED OFFICE: South Lodge
Southwaite
Carlisle
Cumbria
CA14 0NB





REGISTERED NUMBER: 09923605





ACCOUNTANTS: DCB Accountants Limited
Compton House
104 Scotland Road
Penrith
Cumbria
CA11 7NR

PENRITH PLANT LIMITED (REGISTERED NUMBER: 09923605)

BALANCE SHEET
31st December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,890 13,187

CURRENT ASSETS
Stocks 5 18,400 20,700
Debtors 6 274 1,600
Cash at bank 970 3,992
19,644 26,292
CREDITORS
Amounts falling due within one year 7 26,672 50,374
NET CURRENT LIABILITIES (7,028 ) (24,082 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,862

(10,895

)

CREDITORS
Amounts falling due after more than one
year

8

20,477

26,082
NET LIABILITIES (17,615 ) (36,977 )

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 (18,615 ) (37,977 )
SHAREHOLDERS' FUNDS (17,615 ) (36,977 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2022 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.

PENRITH PLANT LIMITED (REGISTERED NUMBER: 09923605)

BALANCE SHEET - continued
31st December 2022


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 4th November 2023 and were signed by:





Mr D Threlfell - Director


PENRITH PLANT LIMITED (REGISTERED NUMBER: 09923605)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2022

1. STATUTORY INFORMATION

Penrith Plant 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 on the going concern basis, which assumes that the Director will continue to offer full financial support to the Company for the foreseeable future,as per note 5 below.

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.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 NIL (2021 - NIL).

PENRITH PLANT LIMITED (REGISTERED NUMBER: 09923605)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2022

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st January 2022
and 31st December 2022 14,966 19,644 34,610
DEPRECIATION
At 1st January 2022 8,652 12,771 21,423
Charge for year 1,579 1,718 3,297
At 31st December 2022 10,231 14,489 24,720
NET BOOK VALUE
At 31st December 2022 4,735 5,155 9,890
At 31st December 2021 6,314 6,873 13,187

5. STOCKS
31.12.22 31.12.21
£    £   
Stock at cost 18,400 20,700

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 274 1,600

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 1 5,430
VAT 383 1,569
Directors' current accounts 25,748 42,915
Accrued expenses 540 460
26,672 50,374

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loans more 5 yr by instal 20,477 26,082

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 20,477 26,082

PENRITH PLANT LIMITED (REGISTERED NUMBER: 09923605)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2022

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. RESERVES
Retained
earnings
£   

At 1st January 2022 (37,977 )
Profit for the year 19,362
At 31st December 2022 (18,615 )