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Company Registration No. 1481911 (England and Wales)
Penknife Limited Unaudited accounts for the year ended 31 August 2023
Penknife Limited Unaudited accounts Contents
Page
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Penknife Limited Company Information for the year ended 31 August 2023
Director
Nicholas Pritchard
Company Number
1481911 (England and Wales)
Registered Office
Priory House Beignon Close Ocean Way Cardiff South Glamorgan CF24 5PB
Accountants
STAS Ltd 253 Cowbridge Road West Cardiff CF5 5TD
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Penknife Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,363 
1,703 
Current assets
Inventories
3,353 
2,659 
Debtors
5,378 
5,239 
Cash at bank and in hand
60,306 
51,736 
69,037 
59,634 
Creditors: amounts falling due within one year
(14,497)
(11,320)
Net current assets
54,540 
48,314 
Total assets less current liabilities
55,903 
50,017 
Provisions for liabilities
Deferred tax
(200)
(200)
Net assets
55,703 
49,817 
Capital and reserves
Called up share capital
32 
32 
Revaluation reserve
168 
168 
Profit and loss account
55,503 
49,617 
Shareholders' funds
55,703 
49,817 
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 May 2024 and were signed on its behalf by
Nicholas Pritchard Director Company Registration No. 1481911
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Penknife Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Penknife Limited is a private company, limited by shares, registered in England and Wales, registration number 1481911. The registered office is Priory House Beignon Close, Ocean Way, Cardiff, South Glamorgan, CF24 5PB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
5 years
Computer equipment
5 years
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2022
70,421 
9,913 
80,334 
At 31 August 2023
70,421 
9,913 
80,334 
Depreciation
At 1 September 2022
70,359 
8,272 
78,631 
Charge for the year
12 
328 
340 
At 31 August 2023
70,371 
8,600 
78,971 
Net book value
At 31 August 2023
50 
1,313 
1,363 
At 31 August 2022
62 
1,641 
1,703 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,378 
5,239 
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Penknife Limited Notes to the Accounts for the year ended 31 August 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
7,184 
4,888 
Taxes and social security
3,821 
4,055 
Other creditors
139 
- 
Loans from directors
2,513 
1,369 
Accruals
840 
1,008 
14,497 
11,320 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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