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REGISTERED NUMBER: 03032505 (England and Wales)















PENTAN PARTNERSHIP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023






PENTAN PARTNERSHIP LIMITED (REGISTERED NUMBER: 03032505)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PENTAN PARTNERSHIP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTORS: Mr A Hole
Mr MA Lock
Mr JL Carter





REGISTERED OFFICE: 22 Cathedral Road
Cardiff
CF11 9LJ





REGISTERED NUMBER: 03032505 (England and Wales)





ACCOUNTANTS: Davies Williams Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

PENTAN PARTNERSHIP LIMITED (REGISTERED NUMBER: 03032505)

BALANCE SHEET
31ST JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93,544 93,028

CURRENT ASSETS
Stocks 92,000 95,251
Debtors 5 632,305 510,413
Cash at bank and in hand 295,229 377,465
1,019,534 983,129
CREDITORS
Amounts falling due within one year 6 242,362 198,148
NET CURRENT ASSETS 777,172 784,981
TOTAL ASSETS LESS CURRENT LIABILITIES 870,716 878,009

PROVISIONS FOR LIABILITIES 15,272 15,272
NET ASSETS 855,444 862,737

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 854,444 861,737
855,444 862,737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PENTAN PARTNERSHIP LIMITED (REGISTERED NUMBER: 03032505)

BALANCE SHEET - continued
31ST JULY 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th March 2024 and were signed on its behalf by:




Mr A Hole - Director Mr JL Carter - Director




Mr MA Lock - Director


PENTAN PARTNERSHIP LIMITED (REGISTERED NUMBER: 03032505)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023


1. STATUTORY INFORMATION

Pentan Partnership Limited is a private company, limited by shares , registered in England and Wales. 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 in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.
Plant and machinery - 15% straight line on cost
Fixtures and fittings - 15% straight line on cost
Motor vehicles - 25% straight line on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

PENTAN PARTNERSHIP LIMITED (REGISTERED NUMBER: 03032505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 28 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st August 2022 148,965 54,387 13,332 2,660 219,344
Additions 11,101 9,694 - - 20,795
At 31st July 2023 160,066 64,081 13,332 2,660 240,139
DEPRECIATION
At 1st August 2022 58,946 54,055 10,655 2,660 126,316
Charge for year 18,613 997 669 - 20,279
At 31st July 2023 77,559 55,052 11,324 2,660 146,595
NET BOOK VALUE
At 31st July 2023 82,507 9,029 2,008 - 93,544
At 31st July 2022 90,019 332 2,677 - 93,028

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 465,760 402,816
Amounts owed by group undertakings 15,113 4,076
Other debtors 51,602 19,007
Prepayments 99,830 84,514
632,305 510,413

PENTAN PARTNERSHIP LIMITED (REGISTERED NUMBER: 03032505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 65,944 50,529
Tax 43,340 21,545
PAYE and NIC taxes 14,984 16,657
VAT 80,550 56,420
Accruals and deferred income 37,544 52,997
242,362 198,148

7. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of GRWP Pentan Limited (formerly Pentan (Holdings) Limited).