PENN MOTOR CO LTD

Company Registration Number:
07933690 (England and Wales)

Unaudited abridged accounts for the year ended 29 February 2024

Period of accounts

Start date: 01 March 2023

End date: 29 February 2024

PENN MOTOR CO LTD

Contents of the Financial Statements

for the Period Ended 29 February 2024

Balance sheet
Notes

PENN MOTOR CO LTD

Balance sheet

As at 29 February 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 5,184 4,580
Investments:   0 0
Total fixed assets: 5,184 4,580
Current assets
Stocks: 69,039 50,478
Debtors:   14,216 14,000
Cash at bank and in hand: 34,504 39,484
Investments:   0 0
Total current assets: 117,759 103,962
Creditors: amounts falling due within one year: 4 (78,478) (58,112)
Net current assets (liabilities): 39,281 45,850
Total assets less current liabilities: 44,465 50,430
Creditors: amounts falling due after more than one year: 5 (29,200) (44,800)
Provision for liabilities: 0 0
Total net assets (liabilities): 15,265 5,630
Capital and reserves
Called up share capital: 1,000 1,000
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 14,265 4,630
Shareholders funds: 15,265 5,630

The notes form part of these financial statements

PENN MOTOR CO LTD

Balance sheet statements

For the year ending 29 February 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 May 2024
and signed on behalf of the board by:

Name: Aloexander Mayers
Status: Director

The notes form part of these financial statements

PENN MOTOR CO LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

PENN MOTOR CO LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

2. Employees

2024 2023
Average number of employees during the period 6 6

PENN MOTOR CO LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Tangible Assets

Total
Cost £
At 01 March 2023 23,500
Additions 3,004
Disposals (8,330)
Revaluations 0
Transfers 0
At 29 February 2024 18,174
Depreciation
At 01 March 2023 18,920
Charge for year 2,400
On disposals (8,330)
Other adjustments 0
At 29 February 2024 12,990
Net book value
At 29 February 2024 5,184
At 28 February 2023 4,580

PENN MOTOR CO LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Creditors: amounts falling due within one year note

Trade Creditors £20,078Corporation Tax £8,038PAYE/NIC

PENN MOTOR CO LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

5. Creditors: amounts falling due after more than one year note

Trade Creditors £20,078Corporation Tax £8,038PAYE/NIC £5,298VAT £17,406Director's Loans £9,658Warranty Accrual £2,400Funding Circle Loan £12,600Bounce Back Loan £3,000

PENN MOTOR CO LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

6. Financial commitments

No financial commitments at year bend.