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Company Registration No. 11110058 (England and Wales)
PENA UK LTD Unaudited accounts for the year ended 31 December 2023
PENA UK LTD Unaudited accounts Contents
Page
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PENA UK LTD Company Information for the year ended 31 December 2023
Director
Jaime Paulo Magalhaes Pena
Company Number
11110058 (England and Wales)
Registered Office
UNIT 29, SEAX COURT SOUTHFIELDS INDUSTRIAL PARK BASILDON SS15 6SL UNITED KINGDOM
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PENA UK LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
23,250 
27,900 
Tangible assets
6,045 
29,956 
29,295 
57,856 
Current assets
Cash at bank and in hand
41,008 
52,144 
Creditors: amounts falling due within one year
(21,368)
(33,199)
Net current assets
19,640 
18,945 
Total assets less current liabilities
48,935 
76,801 
Creditors: amounts falling due after more than one year
(51,259)
(65,915)
Net (liabilities)/assets
(2,324)
10,886 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(2,424)
10,786 
Shareholders' funds
(2,324)
10,886 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 21 September 2024 and were signed on its behalf by
Jaime Paulo Magalhaes Pena Director Company Registration No. 11110058
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PENA UK LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
PENA UK LTD is a private company, limited by shares, registered in England and Wales, registration number 11110058. The registered office is UNIT 29, SEAX COURT, SOUTHFIELDS INDUSTRIAL PARK, BASILDON, SS15 6SL, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
20%
Intangible fixed assets
Goodwill Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the balance sheet and amortised over its estimated useful life up to a maximum of 20 years. This length of time is presumed to be the maximum useful life of purchased goodwill because it is difficult to make projections beyond this period. Goodwill is reviewed for impairment at the end of the first full financial year following each acquisition and subsequently as and when necessary if circumstances emerge that indicate that the carrying value may not be recoverable. Amortisation Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Goodwill - 10% straight line
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PENA UK LTD Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
46,500 
At 31 December 2023
46,500 
Amortisation
At 1 January 2023
18,600 
Charge for the year
4,650 
At 31 December 2023
23,250 
Net book value
At 31 December 2023
23,250 
At 31 December 2022
27,900 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2023
176,097 
Additions
25,889 
At 31 December 2023
201,986 
Depreciation
At 1 January 2023
146,141 
Charge for the year
49,800 
At 31 December 2023
195,941 
Net book value
At 31 December 2023
6,045 
At 31 December 2022
29,956 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
7,387 
16,385 
Taxes and social security
13,981 
10,426 
Other creditors
- 
6,388 
21,368 
33,199 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
51,259 
65,915 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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