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Company Registration No. 12616053 (England and Wales)
PENGUIN 1991 LIMITED Unaudited accounts for the year ended 31 May 2023
PENGUIN 1991 LIMITED Unaudited accounts Contents
Page
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PENGUIN 1991 LIMITED Company Information for the year ended 31 May 2023
Director
Mr Teerakorn Aadhan
Company Number
12616053 (England and Wales)
Registered Office
41 UPPER ELMERS END ROAD BECKENHAM BR3 3QY ENGLAND
Accountants
Kapook Accountancy Certified Practising Accountants (ICPA) 94 Caledonian Road London N1 9DN
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PENGUIN 1991 LIMITED Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
691 
922 
Current assets
Inventories
1,490 
1,650 
Cash at bank and in hand
3,099 
3,969 
4,589 
5,619 
Creditors: amounts falling due within one year
(7,627)
(8,437)
Net current liabilities
(3,038)
(2,818)
Net liabilities
(2,347)
(1,896)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(2,348)
(1,897)
Shareholders' funds
(2,347)
(1,896)
For the year ending 31 May 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 17 January 2024 and were signed on its behalf by
Mr Teerakorn Aadhan Director Company Registration No. 12616053
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PENGUIN 1991 LIMITED Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
PENGUIN 1991 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12616053. The registered office is 41 UPPER ELMERS END ROAD, BECKENHAM, BR3 3QY, 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.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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:
Plant & machinery
@25% Reducing Method
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PENGUIN 1991 LIMITED Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2022
1,229 
At 31 May 2023
1,229 
Depreciation
At 1 June 2022
307 
Charge for the year
231 
At 31 May 2023
538 
Net book value
At 31 May 2023
691 
At 31 May 2022
922 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
2,629 
2,327 
Taxes and social security
308 
478 
Loans from directors
4,690 
5,632 
7,627 
8,437 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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