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Company Registration No. 09955345 (England and Wales)
Penny4 Limited Unaudited accounts for the year ended 31 January 2024
Penny4 Limited Unaudited accounts Contents
Page
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Penny4 Limited Company Information for the year ended 31 January 2024
Directors
Mr Guy Larsen Miss Cambria Bailey-Jones
Company Number
09955345 (England and Wales)
Registered Office
Caxton House 13-16 Borough Road London SE1 0AA
Accountants
Creative and Numbers Accountancy and Bookkeeping Claremont 74 Holland Road Maidstone Kent ME14 1UT
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Penny4 Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,115 
10,307 
Current assets
Debtors
14,625 
638 
Cash at bank and in hand
44,867 
55,908 
59,492 
56,546 
Creditors: amounts falling due within one year
(21,265)
(18,364)
Net current assets
38,227 
38,182 
Net assets
45,342 
48,489 
Capital and reserves
Called up share capital
100 
2 
Capital contribution reserve
5,790 
5,790 
Profit and loss account
39,452 
42,697 
Shareholders' funds
45,342 
48,489 
For the year ending 31 January 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 directors acknowledge their 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 of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by
Miss Cambria Bailey-Jones Director Company Registration No. 09955345
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Penny4 Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Penny4 Limited is a private company, limited by shares, registered in England and Wales, registration number 09955345. The registered office is Caxton House, 13-16 Borough Road, London, SE1 0AA.
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
25% SLM
Computer equipment
25% SLM
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2023
25,866 
Additions
804 
At 31 January 2024
26,670 
Depreciation
At 1 February 2023
15,559 
Charge for the year
3,996 
At 31 January 2024
19,555 
Net book value
At 31 January 2024
7,115 
At 31 January 2023
10,307 
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Penny4 Limited Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,112 
- 
Accrued income and prepayments
513 
638 
14,625 
638 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
30 
(205)
Trade creditors
(44)
256 
Taxes and social security
453 
11,473 
Other creditors
153 
6,120 
Loans from directors
81 
20 
Accruals
20,592 
700 
21,265 
18,364 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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