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REGISTERED NUMBER: 12332528 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Peny Limited

Peny Limited (Registered number: 12332528)






Contents of the Financial Statements
for the year ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Peny Limited

Company Information
for the year ended 30 November 2023







DIRECTOR: R H Meade





REGISTERED OFFICE: Pen Y Lan
Meifod
Powys
SY22 6DA





REGISTERED NUMBER: 12332528 (England and Wales)





ACCOUNTANTS: WR Partners
Chartered Accountants
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

Peny Limited (Registered number: 12332528)

Statement of Financial Position
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,138 1,422
Property, plant and equipment 5 104,043 128,013
105,181 129,435

CURRENT ASSETS
Inventories 5,000 5,000
Debtors 6 192,556 76,742
Cash at bank 131,092 260,131
328,648 341,873
CREDITORS
Amounts falling due within one year 7 53,480 147,947
NET CURRENT ASSETS 275,168 193,926
TOTAL ASSETS LESS CURRENT
LIABILITIES

380,349

323,361

CREDITORS
Amounts falling due after more than
one year

8

(17,252

)

(26,858

)

PROVISIONS FOR LIABILITIES (26,011 ) (24,322 )
NET ASSETS 337,086 272,181

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 336,986 272,081
337,086 272,181

Peny Limited (Registered number: 12332528)

Statement of Financial Position - continued
30 November 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 August 2024 and were signed by:





R H Meade - Director


Peny Limited (Registered number: 12332528)

Notes to the Financial Statements
for the year ended 30 November 2023

1. STATUTORY INFORMATION

Peny 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 20% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.


Peny Limited (Registered number: 12332528)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

Peny Limited (Registered number: 12332528)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022
and 30 November 2023 2,633
AMORTISATION
At 1 December 2022 1,211
Charge for year 284
At 30 November 2023 1,495
NET BOOK VALUE
At 30 November 2023 1,138
At 30 November 2022 1,422

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2022 95,636 59,035 154,671
Additions 9,389 - 9,389
Disposals (4,822 ) - (4,822 )
At 30 November 2023 100,203 59,035 159,238
DEPRECIATION
At 1 December 2022 26,658 - 26,658
Charge for year 18,920 11,807 30,727
Eliminated on disposal (2,190 ) - (2,190 )
At 30 November 2023 43,388 11,807 55,195
NET BOOK VALUE
At 30 November 2023 56,815 47,228 104,043
At 30 November 2022 68,978 59,035 128,013

Peny Limited (Registered number: 12332528)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 145,127 46,739
Other debtors 47,429 30,003
192,556 76,742

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,606 9,606
Trade creditors - 58,890
Taxation and social security 39,272 77,251
Other creditors 4,602 2,200
53,480 147,947

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 17,252 26,858