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Company Registration No. 08925378 (England and Wales)
PENIEL BUSINESS SOLUTIONS LIMITED Unaudited accounts for the year ended 31 March 2023
PENIEL BUSINESS SOLUTIONS LIMITED Unaudited accounts Contents
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PENIEL BUSINESS SOLUTIONS LIMITED Company Information for the year ended 31 March 2023
Director
CHRISTOPHER OVUAKPOROYECHA
Company Number
08925378 (England and Wales)
Registered Office
35 ROSE STREET SUNDERLAND SR4 6AB ENGLAND
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PENIEL BUSINESS SOLUTIONS LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,970 
9,809 
Current assets
Cash at bank and in hand
260 
10 
Creditors: amounts falling due within one year
(4,921)
(4,621)
Net current liabilities
(4,661)
(4,611)
Net assets
1,309 
5,198 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
309 
4,198 
Shareholders' funds
1,309 
5,198 
For the year ending 31 March 2023 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 16 October 2023 and were signed on its behalf by
CHRISTOPHER OVUAKPOROYECHA Director Company Registration No. 08925378
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PENIEL BUSINESS SOLUTIONS LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
PENIEL BUSINESS SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08925378. The registered office is 35 ROSE STREET, SUNDERLAND, SR4 6AB, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2022
17,487 
At 31 March 2023
17,487 
Depreciation
At 1 April 2022
7,678 
Charge for the year
3,839 
At 31 March 2023
11,517 
Net book value
At 31 March 2023
5,970 
At 31 March 2022
9,809 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,621 
4,221 
Loans from directors
2,000 
- 
Accruals
300 
400 
4,921 
4,621 
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PENIEL BUSINESS SOLUTIONS LIMITED Notes to the Accounts for the year ended 31 March 2023
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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