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REGISTERED NUMBER: 06008759 (England and Wales)










Financial Statements

for the Year Ended 30 April 2024

for

Penny Jones Limited

Penny Jones Limited (Registered number: 06008759)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Penny Jones Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs P Jones
Ms J Russell





SECRETARY: Mrs D Russell





REGISTERED OFFICE: Kiln Hill Farm
Birchenlee Lane
Colne
Lancashire
BB8 8HL





REGISTERED NUMBER: 06008759 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 4, 10/12 The Grove,
Ilkley
West Yorkshire
LS29 9EG

Penny Jones Limited (Registered number: 06008759)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,706 1,051

CURRENT ASSETS
Debtors 5 1,935 8,193
Cash at bank 83,148 90,998
85,083 99,191
CREDITORS
Amounts falling due within one year 6 (22,784 ) (16,736 )
NET CURRENT ASSETS 62,299 82,455
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,005

83,506

PROVISIONS FOR LIABILITIES 7 (324 ) (199 )
NET ASSETS 63,681 83,307

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 63,581 83,207
SHAREHOLDERS' FUNDS 63,681 83,307

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 11 July 2024 and were signed on its behalf by:



Mrs P Jones - Director


Penny Jones Limited (Registered number: 06008759)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Penny Jones 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 represents net invoiced sales of services, excluding value added tax.

TANGIBLE FIXED ASSETS
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.
Fixtures and fittings - 12.5% on cost
Computer equipment - 25% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 5,164 6,665 11,829
Additions - 1,054 1,054
Disposals - (5,246 ) (5,246 )
At 30 April 2024 5,164 2,473 7,637
DEPRECIATION
At 1 May 2023 5,163 5,615 10,778
Charge for year - 399 399
Eliminated on disposal - (5,246 ) (5,246 )
At 30 April 2024 5,163 768 5,931
NET BOOK VALUE
At 30 April 2024 1 1,705 1,706
At 30 April 2023 1 1,050 1,051

Penny Jones Limited (Registered number: 06008759)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,000 1,500
Other debtors 752 6,521
Prepayments 183 172
1,935 8,193

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax - 11,445
Other creditors 163 44
Directors' current accounts 21,787 3,539
Accrued expenses 834 1,708
22,784 16,736

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 324 199

Deferred
tax
£   
Balance at 1 May 2023 199
Provided during year 125
Balance at 30 April 2024 324

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1p 100 100

9. RESERVES
Retained
earnings
£   

At 1 May 2023 83,207
Profit for the year 374
Dividends (20,000 )
At 30 April 2024 63,581

Penny Jones Limited (Registered number: 06008759)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company paid dividends of £20,000 (2023 £2,222) to the directors. The company owed the directors £21,787 at 30th April 2024 (£3,539 at 30th April 2023).