2023-03-01 08915377 2024-02-29 08915377 2023-03-01 2024-02-29 08915377 2023-02-28 08915377 2022-03-01 2023-02-28 08915377 uk-core:WithinOneYear 2023-02-28 08915377 uk-core:WithinOneYear 2024-02-29 08915377 uk-core:AfterOneYear 2023-02-28 08915377 uk-core:AfterOneYear 2024-02-29 08915377 uk-core:ShareCapital 2024-02-29 08915377 uk-core:ShareCapital 2023-02-28 08915377 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 08915377 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 08915377 uk-bus:Director1 2023-03-01 2024-02-29 08915377 uk-core:VehiclesPlantMachinery 2023-02-28 08915377 uk-core:PlantMachinery 2023-02-28 08915377 uk-core:VehiclesPlantMachinery 2023-03-01 2024-02-29 08915377 uk-core:PlantMachinery 2023-03-01 2024-02-29 08915377 uk-core:PlantMachinery 2024-02-29 08915377 uk-core:VehiclesPlantMachinery 2024-02-29 08915377 uk-core:WithinOneYear 2024-02-29 08915377 uk-core:WithinOneYear 2023-02-28 08915377 uk-core:AfterOneYear uk-core:Secured 2024-02-29 08915377 uk-core:AfterOneYear uk-core:Secured 2023-02-28 iso4217:GBP xbrli:pure 08915377 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 08915377 uk-bus:FRS102 2023-03-01 2024-02-29 08915377 uk-bus:FilletedAccounts 2023-03-01 2024-02-29 08915377 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29
Pennywood Forestry Limited
Registered Number:08915377
For the year ended 29 February 2024
England and Wales
Unaudited Financial Statements
2
Registered Number :
08915377
As at 29 February 2024
Pennywood Forestry Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
119,112
103,194
2
119,112
103,194
Current assets
Inventories
42,855
30,529
3
Trade and other receivables
4,126
12,593
4
8,136
Cash and cash equivalents
19,637
62,759
55,117
Trade and other payables: amounts falling due within one year
(32,497)
(36,091)
5
22,620
26,668
Net current assets
Total assets less current liabilities
145,780
125,814
Trade and other payables: amounts falling due after more than one year
(120,374)
(131,197)
6
14,583
Net assets
5,440
Capital and reserves
Called up share capital
100
100
Retained earnings
14,483
5,340
14,583
5,440
Shareholders' funds
For the year ended 29 February 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 of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Christopher Cummins Director
These financial statements were approved and authorised for issue by the Board on 20 February 2025 and were signed by:
The notes form part of these financial statements
1 of 3
3
For the year ended 29 February 2024
Pennywood Forestry Limited
Notes to the Financial Statements
Statutory Information
Pennywood Forestry Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
08915377.
Registered address:
31 Greenbank Drive
Chesterfield
S40 4BS
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
£
£
£
Cost or valuation
At 01 March 2023
137,176
-
137,176
33,225
33,225
-
Additions
At 29 February 2024
137,176
33,225
170,401
Provision for depreciation and impairment
At 01 March 2023
33,982
-
33,982
Charge for year
17,307
4,408
12,899
At 29 February 2024
51,289
4,408
46,881
At 29 February 2024
Net book value
90,295
28,817
119,112
At 28 February 2023
103,194
-
103,194
3. Inventories
2023
2024
£
£
Stocks
30,529
42,855
4. Trade and other receivables
2023
2024
£
£
Other debtors
12,593
4,126
2 of 3
4
For the year ended 29 February 2024
Pennywood Forestry Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
2,201
2,201
Trade creditors
-
1
Taxation and social security
16,750
9,943
Other creditors
17,140
20,352
36,091
32,497
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
10,857
13,411
Other creditors
120,340
106,963
131,197
120,374
7. Average number of persons employed
During the year the average number of employees was 1
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