37 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 04327821 2023-01-01 2023-12-31 04327821 2023-12-31 04327821 2022-12-31 04327821 2022-01-01 2022-12-31 04327821 2022-12-31 04327821 2021-12-31 04327821 core:LandBuildings core:LongLeaseholdAssets 2023-01-01 2023-12-31 04327821 core:FurnitureFittings 2023-01-01 2023-12-31 04327821 bus:Director2 2023-01-01 2023-12-31 04327821 core:LandBuildings 2022-12-31 04327821 core:FurnitureFittings 2022-12-31 04327821 core:LandBuildings 2023-12-31 04327821 core:FurnitureFittings 2023-12-31 04327821 core:LandBuildings 2023-01-01 2023-12-31 04327821 core:WithinOneYear 2023-12-31 04327821 core:WithinOneYear 2022-12-31 04327821 core:AfterOneYear 2023-12-31 04327821 core:AfterOneYear 2022-12-31 04327821 core:ShareCapital 2023-12-31 04327821 core:ShareCapital 2022-12-31 04327821 core:SharePremium 2023-12-31 04327821 core:SharePremium 2022-12-31 04327821 core:RetainedEarningsAccumulatedLosses 2023-12-31 04327821 core:RetainedEarningsAccumulatedLosses 2022-12-31 04327821 core:LandBuildings 2022-12-31 04327821 core:FurnitureFittings 2022-12-31 04327821 bus:SmallEntities 2023-01-01 2023-12-31 04327821 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04327821 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04327821 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04327821 bus:FullAccounts 2023-01-01 2023-12-31 04327821 core:OfficeEquipment 2023-01-01 2023-12-31 04327821 core:OfficeEquipment 2022-12-31 04327821 core:OfficeEquipment 2023-12-31 04327821 core:AfterOneYear 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 04327821
Pentasia Limited
Filleted Unaudited Financial Statements
31 December 2023
Pentasia Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
129,433
148,194
Current assets
Debtors
6
712,502
1,051,471
Cash at bank and in hand
259,906
354,421
---------
------------
972,408
1,405,892
Creditors: amounts falling due within one year
7
1,403,242
1,759,348
------------
------------
Net current liabilities
430,834
353,456
---------
---------
Total assets less current liabilities
( 301,401)
( 205,262)
Creditors: amounts falling due after more than one year
8
14,802
44,949
---------
---------
Net liabilities
( 316,203)
( 250,211)
---------
---------
Capital and reserves
Called up share capital
2,724
2,724
Share premium account
150,876
150,876
Profit and loss account
( 469,803)
( 403,811)
---------
---------
Shareholders deficit
( 316,203)
( 250,211)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Pentasia Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 11 September 2024 , and are signed on behalf of the board by:
Mr R D E Dowling
Director
Company registration number: 04327821
Pentasia Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Betchworth House, 57-65 Station Road, Redhill, Surrey, RH1 1DL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on a going concern basis. The principal creditors are group companies and the directors of the group are of the opinion that the group will support the operational needs of the company, in order to allow it to meet its liabilities as and when they fall due, unless circumstances change such that it may no longer be available for the group to support the company in this manner.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold improvements
-
20% straight line
Fixtures and fittings
-
20% straight line
Equipment
-
33% straight line
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 37 (2022: 34 ).
5. Tangible assets
Land and buildings
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 January 2023
82,915
115,488
188,729
387,132
Additions
4,724
7,034
9,698
21,456
Disposals
( 851)
( 851)
--------
---------
---------
---------
At 31 December 2023
87,639
122,522
197,576
407,737
--------
---------
---------
---------
Depreciation
At 1 January 2023
1,418
72,420
165,100
238,938
Charge for the year
17,450
10,330
11,870
39,650
Disposals
( 284)
( 284)
--------
---------
---------
---------
At 31 December 2023
18,868
82,750
176,686
278,304
--------
---------
---------
---------
Carrying amount
At 31 December 2023
68,771
39,772
20,890
129,433
--------
---------
---------
---------
At 31 December 2022
81,497
43,068
23,629
148,194
--------
---------
---------
---------
6. Debtors
2023
2022
£
£
Trade debtors
195,374
376,988
Amounts owed by group undertakings and undertakings in which the company has a participating interest
338,163
464,438
Other debtors
178,965
210,045
---------
------------
712,502
1,051,471
---------
------------
The debtors above include the following amounts falling due after more than one year:
2023
2022
£
£
Other debtors
32,124
74,955
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
106,048
90,245
Trade creditors
305,281
188,329
Amounts owed to group undertakings and undertakings in which the company has a participating interest
360,467
749,439
Social security and other taxes
96,667
83,616
Other creditors
534,779
647,719
------------
------------
1,403,242
1,759,348
------------
------------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
14,802
44,949
--------
--------
Fixed and floating charges are in place over all assets and undertakings of the company in respect of creditors totalling £21,415 (2022: £100,350) of which £nil (2022: £19,743) is repayable after more than one year.
9. Other financial commitments
At the year end the company had other financial commitments of £310,348 (2022 - £366,077).