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REGISTERED NUMBER: 04061423 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

PENT LTD

PENT LTD (REGISTERED NUMBER: 04061423)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr P A Edwards
Mrs J E Edwards
Mr T P Edwards
Mr R A Maddocks





REGISTERED OFFICE: Storage Planet
Unit 6 Headcorn Business Park
Headcorn
Maidstone
Kent
TN27 9PJ





REGISTERED NUMBER: 04061423 (England and Wales)





ACCOUNTANTS: George & Co.
Chartered Accountants
44a Joy Lane
Whitstable
Kent
CT5 4LT

PENT LTD (REGISTERED NUMBER: 04061423)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,633,600 1,396,328
Investment property 5 1,031,061 1,031,061
2,664,661 2,427,389

CURRENT ASSETS
Inventories 186,261 246,000
Debtors 6 66,995 212,688
Cash at bank 273,040 603,385
526,296 1,062,073
CREDITORS
Amounts falling due within one year 7 425,937 548,270
NET CURRENT ASSETS 100,359 513,803
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,765,020

2,941,192

CREDITORS
Amounts falling due after more than one
year

8

(600,000

)

(1,001,095

)

PROVISIONS FOR LIABILITIES (236,641 ) (151,096 )
NET ASSETS 1,928,379 1,789,001

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 1,928,229 1,788,851
SHAREHOLDERS' FUNDS 1,928,379 1,789,001

PENT LTD (REGISTERED NUMBER: 04061423)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2024 and were signed on its behalf by:





Mr P A Edwards - Director


PENT LTD (REGISTERED NUMBER: 04061423)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

PENT Ltd 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.

Revenue
Revenue represents the total value, excluding value added tax, of sales earned during the year.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 2% on cost and not provided
Plant and machinery etc - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position 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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

PENT LTD (REGISTERED NUMBER: 04061423)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 611,585 1,478,639 2,090,224
Additions 87,000 466,629 553,629
Disposals - (223,922 ) (223,922 )
At 31 January 2024 698,585 1,721,346 2,419,931
DEPRECIATION
At 1 February 2023 10,500 683,396 693,896
Charge for year 1,050 211,712 212,762
Eliminated on disposal - (120,327 ) (120,327 )
At 31 January 2024 11,550 774,781 786,331
NET BOOK VALUE
At 31 January 2024 687,035 946,565 1,633,600
At 31 January 2023 601,085 795,243 1,396,328

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 1,031,061
NET BOOK VALUE
At 31 January 2024 1,031,061
At 31 January 2023 1,031,061

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 22,235 65,928
Other debtors 44,760 146,760
66,995 212,688

PENT LTD (REGISTERED NUMBER: 04061423)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts - 90,000
Trade creditors 104,672 187,646
Taxation and social security 57,282 28,104
Other creditors 263,983 242,520
425,937 548,270

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 600,000 1,001,095

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - over 5 years 600,000 621,095

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P A Edwards.