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REGISTERED NUMBER: SC494374 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

P.E.N Plumbing & Heating Ltd

P.E.N Plumbing & Heating Ltd (Registered number: SC494374)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P.E.N Plumbing & Heating Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: I Reynolds
BB McFlynn





REGISTERED OFFICE: 30 Lismore Drive
Linwood
Paisley
Renfrewshire
PA3 3LT





REGISTERED NUMBER: SC494374 (Scotland)





ACCOUNTANTS: C A I Morton & Co
Chartered Accountants
Suite 15, Central Chambers
11 Bothwell Street
Glasgow
G2 6LY

P.E.N Plumbing & Heating Ltd (Registered number: SC494374)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
CURRENT ASSETS
Debtors 5 8,160 7,700
Cash at bank 3,279 8,718
11,439 16,418
CREDITORS
Amounts falling due within one year 6 4,389 8,009
NET CURRENT ASSETS 7,050 8,409
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,050

8,409

CREDITORS
Amounts falling due after more than one year 7 6,906 10,210
NET ASSETS/(LIABILITIES) 144 (1,801 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 142 (1,803 )
SHAREHOLDERS' FUNDS 144 (1,801 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

P.E.N Plumbing & Heating Ltd (Registered number: SC494374)

Balance Sheet - continued
31 January 2024


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 Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:




I Reynolds - Director



BB McFlynn - Director


P.E.N Plumbing & Heating Ltd (Registered number: SC494374)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

P.E.N Plumbing & Heating Ltd is a private company, limited by shares , registered in Scotland. 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

P.E.N Plumbing & Heating Ltd (Registered number: SC494374)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 6,420
DEPRECIATION
At 1 February 2023
and 31 January 2024 6,420
NET BOOK VALUE
At 31 January 2024 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 8,160 7,700

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 3,000 3,000
Trade creditors - 1,347
Taxation and social security (3,710 ) (2,190 )
Other creditors 5,099 5,852
4,389 8,009

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 6,906 10,210