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REGISTERED NUMBER: 09293439 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Penguin and Daemon Limited

Penguin and Daemon Limited (Registered number: 09293439)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Penguin and Daemon Limited (Registered number: 09293439)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,263 9,564

CURRENT ASSETS
Debtors 5 59,799 50,828
Cash at bank 2,530 20,794
62,329 71,622
CREDITORS
Amounts falling due within one year 6 68,717 71,353
NET CURRENT (LIABILITIES)/ASSETS (6,388 ) 269
TOTAL ASSETS LESS CURRENT LIABILITIES 8,875 9,833

CREDITORS
Amounts falling due after more than one year 7 (5,000 ) (8,003 )

PROVISIONS FOR LIABILITIES (3,816 ) (1,817 )
NET ASSETS 59 13

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 49 3
SHAREHOLDERS' FUNDS 59 13

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2024 and were signed on its behalf by:





Mrs S D Grace - Director


Penguin and Daemon Limited (Registered number: 09293439)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Penguin and Daemon Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09293439

Registered office: 9 Clandon Close
Epsom
Surrey
KT17 2NQ

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 2 (2022 - 2 ) .

Penguin and Daemon Limited (Registered number: 09293439)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022 4,036 25,449 29,485
Additions - 13,479 13,479
At 30 November 2023 4,036 38,928 42,964
DEPRECIATION
At 1 December 2022 3,156 16,765 19,921
Charge for year 712 7,068 7,780
At 30 November 2023 3,868 23,833 27,701
NET BOOK VALUE
At 30 November 2023 168 15,095 15,263
At 30 November 2022 880 8,684 9,564

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 49,740 43,080
Other debtors 10,059 7,748
59,799 50,828

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,000 3,000
Taxation and social security 62,901 66,310
Other creditors 2,816 2,043
68,717 71,353

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 5,000 8,003

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Mrs S D Grace and Mr T R Grace
Balance outstanding at start of year 7,748 443
Amounts advanced 200,613 7,305
Amounts repaid (198,301 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,060 7,748