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Company Registration No. 12095586 (England and Wales)
Penpole Engineering Limited Unaudited accounts for the year ended 31 July 2024
Penpole Engineering Limited Unaudited accounts Contents
Page
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Penpole Engineering Limited Company Information for the year ended 31 July 2024
Director
James Maclean
Company Number
12095586 (England and Wales)
Registered Office
PENPOLE BARN POLMEAR HILL PAR CORNWALL PL24 2TJ UNITED KINGDOM
Accountants
Mrs R N Pitman Portheras Accounting Ltd Tremarstan Kilhallon Cornwall PL24 2RL
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Penpole Engineering Limited for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Penpole Engineering Limited for the year ended 31 July 2024 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Penpole Engineering Limited, as a body, in accordance with the terms of our engagement letter dated 14 November 2019. Our work has been undertaken solely to prepare for your approval the accounts of Penpole Engineering Limited and state those matters that we have agreed to state to the Board of Directors of Penpole Engineering Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Penpole Engineering Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Penpole Engineering Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Penpole Engineering Limited. You consider that Penpole Engineering Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Penpole Engineering Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Mrs R N Pitman Chartered Certified Accountants Portheras Accounting Ltd Tremarstan Kilhallon Cornwall PL24 2RL 19 January 2025
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Penpole Engineering Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
421 
748 
Current assets
Debtors
780 
960 
Cash at bank and in hand
714 
1,137 
1,494 
2,097 
Creditors: amounts falling due within one year
(1,337)
(2,721)
Net current assets/(liabilities)
157 
(624)
Net assets
578 
124 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
577 
123 
Shareholders' funds
578 
124 
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 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 19 January 2025 and were signed on its behalf by
James Maclean Director Company Registration No. 12095586
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Penpole Engineering Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Penpole Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 12095586. The registered office is PENPOLE BARN, POLMEAR HILL, PAR, CORNWALL, PL24 2TJ, 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
Straight Line 20%
Computer equipment
Straight Line 20%
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
1,201 
433 
1,634 
At 31 July 2024
1,201 
433 
1,634 
Depreciation
At 1 August 2023
555 
331 
886 
Charge for the year
240 
87 
327 
At 31 July 2024
795 
418 
1,213 
Net book value
At 31 July 2024
406 
15 
421 
At 31 July 2023
646 
102 
748 
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Penpole Engineering Limited Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
122 
Other debtors
- 
838 
- 
960 
Amounts falling due after more than one year
Trade debtors
780 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,337 
2,721 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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