Company Registration No. 1481911 (England and Wales)
Penknife Limited
Unaudited accounts
for the year ended 31 August 2023
Penknife Limited
Unaudited accounts
Contents
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
Penknife Limited
Statement of financial position
as at 31 August 2023
Tangible assets
1,363
1,703
Cash at bank and in hand
60,306
51,736
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
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
Penknife Limited
Notes to the Accounts
for the year ended 31 August 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 August 2023
50
1,313
1,363
At 31 August 2022
62
1,641
1,703
Amounts falling due within one year
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
Loans from directors
2,513
1,369
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).