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REGISTERED NUMBER: SC711746 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Andrew Penny (Ellon) Limited

Andrew Penny (Ellon) Limited (Registered number: SC711746)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Andrew Penny (Ellon) Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: A Penny
Mrs C Penny





REGISTERED OFFICE: 7 Ythan Terrace
Ellon
AB41 9LJ





REGISTERED NUMBER: SC711746 (Scotland)





ACCOUNTANTS: J M Taylor
7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ

Andrew Penny (Ellon) Limited (Registered number: SC711746)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,017 17,417

CURRENT ASSETS
Stocks 33,393 43,649
Debtors 5 17,335 17,767
Cash at bank 23,044 6,473
73,772 67,889
CREDITORS
Amounts falling due within one year 6 69,700 44,777
NET CURRENT ASSETS 4,072 23,112
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,089

40,529

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 34,989 40,429
SHAREHOLDERS' FUNDS 35,089 40,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Andrew Penny (Ellon) Limited (Registered number: SC711746)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





A Penny - Director


Andrew Penny (Ellon) Limited (Registered number: SC711746)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Andrew Penny (Ellon) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 20% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Andrew Penny (Ellon) Limited (Registered number: SC711746)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 28,576
Additions 26,279
Disposals (4,270 )
At 31 October 2024 50,585
DEPRECIATION
At 1 November 2023 11,159
Charge for year 10,117
Eliminated on disposal (1,708 )
At 31 October 2024 19,568
NET BOOK VALUE
At 31 October 2024 31,017
At 31 October 2023 17,417

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 9,333 10,665
Other debtors 8,002 7,102
17,335 17,767

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 31,975 10,758
Trade creditors 13,534 56
Taxation and social security (3,062 ) 6,737
Other creditors 27,253 27,226
69,700 44,777

7. RELATED PARTY DISCLOSURES

During the year the directors advanced the company net amounts totalling £25,608
This amount remained outstanding at 31st October 2024 and is included within other creditors in the notes to the accounts.

Andrew Penny (Ellon) Limited (Registered number: SC711746)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. ULTIMATE CONTROLLING PARTY

During the year the company was controlled by the directors by virtue of their percentage holding in the ordinary share capital of the company which is detailed below.

Andrew Penny - 50% Share
Carly Penny - 50% Share