Company Registration No. 07242325 (England and Wales)
PENHALONGA TRADING COMPANY LIMITED
Unaudited accounts
for the year ended 31 May 2024
PENHALONGA TRADING COMPANY LIMITED
Unaudited accounts
Contents
PENHALONGA TRADING COMPANY LIMITED
Company Information
for the year ended 31 May 2024
Company Number
07242325 (England and Wales)
Registered Office
ABBEY ROAD BUSINESS CENTRE
ABBEY ROAD
DURHAM
COUNTY DURHAM
DH1 5JZ
Accountants
Wardle Business Solutions Ltd.
Orchard House
Pittington Road
Rainton Gate
Tyne and Wear
DH5 9RG
PENHALONGA TRADING COMPANY LIMITED
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
36,005
10,897
Creditors: amounts falling due within one year
(4,619)
(3,712)
Net current assets
31,447
17,220
Called up share capital
100
100
Profit and loss account
31,799
17,723
Shareholders' funds
31,899
17,823
For the year ending 31 May 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 29 January 2025 and were signed on its behalf by
S Prior
Director
Company Registration No. 07242325
PENHALONGA TRADING COMPANY LIMITED
Notes to the Accounts
for the year ended 31 May 2024
PENHALONGA TRADING COMPANY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07242325. The registered office is ABBEY ROAD BUSINESS CENTRE, ABBEY ROAD, DURHAM, COUNTY DURHAM, DH1 5JZ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
4
Tangible fixed assets
Plant & machinery
PENHALONGA TRADING COMPANY LIMITED
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
3,719
493
Loans from directors
350
15
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
S Prior is a director and shareholder of Forest Carbon Ltd.
Sales at market rates £53,081 (2023 £55,926)
9
Average number of employees
During the year the average number of employees was 1 (2023: 2).