2022-09-01 00665714 2023-08-31 00665714 2022-09-01 2023-08-31 00665714 2022-08-31 00665714 2021-09-01 2022-08-31 00665714 uk-core:WithinOneYear 2022-08-31 00665714 uk-core:WithinOneYear 2023-08-31 00665714 uk-core:ShareCapital 2023-08-31 00665714 uk-core:ShareCapital 2022-08-31 00665714 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 00665714 uk-core:RetainedEarningsAccumulatedLosses 2022-08-31 00665714 uk-bus:Director1 2022-09-01 2023-08-31 00665714 uk-core:OfficeEquipment 2022-09-01 2023-08-31 00665714 uk-core:OfficeEquipment 2022-08-31 00665714 uk-core:InvestmentPropertyIncludedWithinPPE 2022-08-31 00665714 uk-core:InvestmentPropertyIncludedWithinPPE 2023-08-31 00665714 uk-core:OfficeEquipment 2023-08-31 00665714 uk-core:InvestmentPropertyIncludedWithinPPE 2022-09-01 2023-08-31 00665714 uk-core:WithinOneYear 2022-09-01 2023-08-31 00665714 2 uk-bus:Director1 2022-09-01 2023-08-31 00665714 2 uk-bus:Director1 2023-08-31 00665714 2 uk-bus:Director1 2022-08-31 iso4217:GBP xbrli:pure 00665714 uk-bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 00665714 uk-bus:FRS102 2022-09-01 2023-08-31 00665714 uk-bus:FilletedAccounts 2022-09-01 2023-08-31 00665714 uk-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31
W S Penney & Son Limited
Registered Number:00665714
For the year ended 31 August 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2023
W S Penney & Son Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
00665714
As at 31 August 2023
W S Penney & Son Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
140,002
140,003
2
140,002
140,003
Current assets
1,716
Cash and cash equivalents
1,722
1,722
1,716
Trade and other payables: amounts falling due within one
year
(7,476)
(8,027)
3
(5,760)
(6,305)
Net current liabilities
Total assets less current liabilities
133,697
134,243
(1)
(1)
Provisions for liabilities
133,696
Net assets
134,242
Capital and reserves
Called up share capital
5,000
5,000
Retained earnings
128,696
129,242
133,696
134,242
Shareholders' funds
For the year ended 31 August 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 of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr S G Penney Director
These financial statements were approved and authorised for issue by the Board on 04 April 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 August 2023
W S Penney & Son Limited
Notes to the Financial Statements
Statutory Information
W S Penney & Son Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 00665714.
Registered address:
26 Mount Stone Road
Plymouth
Devon
PL1 3RW
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Office equipment
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Property, plant and equipment
Total
Office
equipment
Investment
properties
£
£
£
Cost or
valuation
At 01 September 2022
140,329
329
140,000
At 31 August 2023
140,000
329
140,329
Provision for depreciation and impairment
At 01 September 2022
326
326
-
Charge for year
1
1
-
At 31 August 2023
327
327
-
At 31 August 2023
Net book value
140,000
2
140,002
At 31 August 2022
140,000
3
140,003
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5
For the year ended 31 August 2023
W S Penney & Son Limited
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
2,687
2,693
Other creditors
5,340
4,783
8,027
7,476
Included within taxation and social security is corporation tax of £2,687 (2022: £2,693).
4. Related party transactions
Dividends of £12,000 were paid to directors in the year.
The company is under the effective control of its directors.
5. Directors advances and guarantees
At 01/09/2022
Loaned
At 31/08/2023
£
£
£
Mr S G Penney
Loan from Director
3,203
2,645
558
3,203
2,645
558
6. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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