Company Registration No. 13701665 (England and Wales)
Penrose Creates Limited
Unaudited accounts
for the year ended 31 October 2023
Penrose Creates Limited
Unaudited accounts
Contents
Penrose Creates Limited
Company Information
for the year ended 31 October 2023
Director
Bee Willow Penrose
Company Number
13701665 (England and Wales)
Registered Office
Suite 157 Hayley Court
Linford Wood
Milton Keynes
Buckinghamshire
MK14 6GD
England
Accountants
Bidwell Accountancy Limited
157 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
Penrose Creates Limited
Statement of financial position
as at 31 October 2023
Tangible assets
3,857
2,118
Cash at bank and in hand
379
1,195
Creditors: amounts falling due within one year
(12,989)
(7,063)
Net current liabilities
(12,522)
(5,744)
Net liabilities
(8,665)
(3,626)
Called up share capital
(10)
(10)
Profit and loss account
(8,655)
(3,616)
Shareholders' funds
(8,665)
(3,626)
For the year ending 31 October 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 her 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 19 July 2024 and were signed on its behalf by
Bee Willow Penrose
Director
Company Registration No. 13701665
Penrose Creates Limited
Notes to the Accounts
for the year ended 31 October 2023
Penrose Creates Limited is a private company, limited by shares, registered in England and Wales, registration number 13701665. The registered office is Suite 157 Hayley Court, Linford Wood, Milton Keynes, Buckinghamshire, MK14 6GD, England.
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:
Plant & machinery
3 YEARS STRAIGHT LINE
Fixtures & fittings
3 YEARS STRAIGHT LINE
Computer equipment
4 YEARS STRAIGHT LINE
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
702
228
1,831
2,761
Additions
2,447
14
370
2,831
At 31 October 2023
3,149
242
2,201
5,592
At 1 November 2022
148
65
430
643
Charge for the year
539
80
473
1,092
At 31 October 2023
687
145
903
1,735
At 31 October 2023
2,462
97
1,298
3,857
At 31 October 2022
554
163
1,401
2,118
Penrose Creates Limited
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Accrued income and prepayments
88
124
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
12,989
6,973
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).