Company Registration No. 11659270 (England and Wales)
Penelope Academy Ltd
Unaudited accounts
for the year ended 30 November 2023
Penelope Academy Ltd
Unaudited accounts
Contents
Penelope Academy Ltd
Company Information
for the year ended 30 November 2023
Company Number
11659270 (England and Wales)
Registered Office
31 SAPPERTON ROAD
GLOUCESTER
GL4 6UN
UNITED KINGDOM
Accountants
A M Kozak Accountancy Services
51 Grange Road
London
SE25 6TH
Penelope Academy Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
2,160
3,770
Cash at bank and in hand
3,028
1,091
Creditors: amounts falling due within one year
(5,033)
(5,388)
Net current liabilities
(2,005)
(3,462)
Called up share capital
1
1
Profit and loss account
154
307
Shareholders' funds
155
308
For the year ending 30 November 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 30 July 2024 and were signed on its behalf by
Sylwia Sobieszuk
Director
Company Registration No. 11659270
Penelope Academy Ltd
Notes to the Accounts
for the year ended 30 November 2023
Penelope Academy Ltd is a private company, limited by shares, registered in England and Wales, registration number 11659270. The registered office is 31 SAPPERTON ROAD, GLOUCESTER, GL4 6UN, UNITED KINGDOM.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
over 5 years
Fixtures & fittings
over 10 years
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2022
7,500
1,100
8,600
At 30 November 2023
7,500
1,100
8,600
At 1 December 2022
4,500
330
4,830
Charge for the year
1,500
110
1,610
At 30 November 2023
6,000
440
6,440
At 30 November 2023
1,500
660
2,160
At 30 November 2022
3,000
770
3,770
Penelope Academy Ltd
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,998
4,042
Taxes and social security
1,385
721
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).