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Company Registration No. 10924948 (England and Wales)
PENSEE (UK) LTD Unaudited accounts for the year ended 31 July 2024
PENSEE (UK) LTD Unaudited accounts Contents
Page
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PENSEE (UK) LTD Company Information for the year ended 31 July 2024
Director
YANG, Xu
Company Number
10924948 (England and Wales)
Registered Office
51 NEW HOUSE FARM DRIVE NORTHFILED B31 2FW UNITED KINGDOM
Accountants
CORNERSTONE H&Y ACCOUNTANCY LTD Room 306, Gazette Building, 160-168 Corporation Street Birmingham B4 6TF
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PENSEE (UK) LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
872 
1,124 
Current assets
Inventories
11,279 
11,556 
Debtors
1,843 
5,400 
Cash at bank and in hand
9,781 
2,573 
22,903 
19,529 
Creditors: amounts falling due within one year
(71,470)
(32,236)
Net current liabilities
(48,567)
(12,707)
Total assets less current liabilities
(47,695)
(11,583)
Creditors: amounts falling due after more than one year
(215,188)
(215,188)
Net liabilities
(262,883)
(226,771)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(262,983)
(226,871)
Shareholders' funds
(262,883)
(226,771)
For the year ending 31 July 2024 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 14 September 2024 and were signed on its behalf by
YANG, Xu Director Company Registration No. 10924948
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PENSEE (UK) LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
PENSEE (UK) LTD is a private company, limited by shares, registered in England and Wales, registration number 10924948. The registered office is 51 NEW HOUSE FARM DRIVE, NORTHFILED, B31 2FW, 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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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:
Computer equipment
4 years straight line basis
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
8,357 
4,003 
12,360 
Additions
- 
999 
999 
At 31 July 2024
8,357 
5,002 
13,359 
Depreciation
At 1 August 2023
8,357 
2,879 
11,236 
Charge for the year
- 
1,251 
1,251 
At 31 July 2024
8,357 
4,130 
12,487 
Net book value
At 31 July 2024
- 
872 
872 
At 31 July 2023
- 
1,124 
1,124 
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PENSEE (UK) LTD Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,843 
- 
Trade debtors
- 
5,400 
1,843 
5,400 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
14,854 
11,705 
Loans from directors
55,461 
14,808 
Accruals
1,155 
5,723 
71,470 
32,236 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
215,188 
215,188 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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