Registered Number:00665714 |
For the year ended 31 August 2023
England and Wales
Unaudited Financial Statements
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
W S Penney & Son Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
140,002
140,003
2
140,002
140,003
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
5,000
5,000
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. |
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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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. |
26 Mount Stone Road
Plymouth
Devon
PL1 3RW
The presentation currency is £ sterling. |
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: |
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 |
140,329
329
140,000
140,000
329
140,329
Provision for depreciation and impairment |
326
326
-
Charge for year
1
1
-
327
327
-
140,000
2
140,002
140,000
3
140,003
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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
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 |
Loaned
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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