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REGISTERED NUMBER: 10599221 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

PENTALEC LIMITED

PENTALEC LIMITED (REGISTERED NUMBER: 10599221)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PENTALEC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: J R Hatt
S A L Stageman





SECRETARY: J R Hatt





REGISTERED OFFICE: Unit 12 Yew Tree Industrial Estate
Mill Hall
Aylesford
Kent
ME20 7ET





REGISTERED NUMBER: 10599221 (England and Wales)





ACCOUNTANTS: Streets Hackett Griffey LLP
Accountants & Business Advisers
31 High Street
Haverhill
Suffolk
CB9 8AD

PENTALEC LIMITED (REGISTERED NUMBER: 10599221)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 69,062 70,343

CURRENT ASSETS
Stocks 603,489 335,280
Debtors 5 2,044,273 1,264,243
Cash at bank 127,912 117,348
2,775,674 1,716,871
CREDITORS
Amounts falling due within one year 6 2,372,450 1,337,984
NET CURRENT ASSETS 403,224 378,887
TOTAL ASSETS LESS CURRENT
LIABILITIES

472,286

449,230

CREDITORS
Amounts falling due after more than one
year

7

(290,226

)

(234,070

)

PROVISIONS FOR LIABILITIES (17,266 ) (13,365 )
NET ASSETS 164,794 201,795

CAPITAL AND RESERVES
Called up share capital 30,500 30,500
Retained earnings 134,294 171,295
SHAREHOLDERS' FUNDS 164,794 201,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

PENTALEC LIMITED (REGISTERED NUMBER: 10599221)

BALANCE SHEET - continued
29 FEBRUARY 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 29 November 2024 and were signed on its behalf by:





J R Hatt - Director


PENTALEC LIMITED (REGISTERED NUMBER: 10599221)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Pentalec Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the amount derived from ordinary activities, stated after trade discounts, other sales taxes and net of VAT.

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 - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENTALEC LIMITED (REGISTERED NUMBER: 10599221)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 82,375 2,356 12,542 97,273
Additions 1,567 436 26,757 28,760
At 29 February 2024 83,942 2,792 39,299 126,033
DEPRECIATION
At 1 March 2023 22,858 826 3,246 26,930
Charge for year 20,625 611 8,805 30,041
At 29 February 2024 43,483 1,437 12,051 56,971
NET BOOK VALUE
At 29 February 2024 40,459 1,355 27,248 69,062
At 28 February 2023 59,517 1,530 9,296 70,343

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,783,226 1,010,372
Other debtors 141,976 106,053
VAT 47,405 110,595
Called up share capital not paid 29,500 29,500
Prepayments and accrued income 42,166 7,723
2,044,273 1,264,243

PENTALEC LIMITED (REGISTERED NUMBER: 10599221)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,857 5,500
Other loans 293,384 184,077
Invoice financing 600,284 -
Trade creditors 1,191,305 976,607
Taxation 71,449 27,077
Social security and other taxes 162,165 94,379
Other creditors 18,565 44,064
Directors' loan accounts 13,298 -
Accruals and deferred income 16,143 6,280
2,372,450 1,337,984

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 7,867 13,470
Other loans - 1-2 years 282,359 220,600
290,226 234,070

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 13,724 -
Invoice financing 600,284 -
614,008 -

Both the bank loan and invoice financing are secured by way of a fixed and floating charge over the assets of the company.

9. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had outstanding commitments for future lease payments under operating leases of £372,007.