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REGISTERED NUMBER: 07777468 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

PENTHEALTH LIMITED

PENTHEALTH LIMITED (REGISTERED NUMBER: 07777468)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PENTHEALTH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: L Dookhan
A Bashir





REGISTERED OFFICE: Corner Oak
1 Homer Road
Solihull
B91 3QG





REGISTERED NUMBER: 07777468 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
Corner Oak
1 Homer Road
Solihull
B91 3QG

PENTHEALTH LIMITED (REGISTERED NUMBER: 07777468)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 712,857 798,678
Tangible assets 5 28,163 15,091
741,020 813,769

CURRENT ASSETS
Stocks 93,596 93,865
Debtors 6 332,471 283,269
Cash at bank and in hand 113,737 64,379
539,804 441,513
CREDITORS
Amounts falling due within one year 7 312,815 750,022
NET CURRENT ASSETS/(LIABILITIES) 226,989 (308,509 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

968,009

505,260

CREDITORS
Amounts falling due after more than one
year

8

(629,454

)

(15,627

)

PROVISIONS FOR LIABILITIES (6,737 ) (3,529 )
NET ASSETS 331,818 486,104

CAPITAL AND RESERVES
Called up share capital 60 80
Capital redemption reserve 40 20
Retained earnings 331,718 486,004
SHAREHOLDERS' FUNDS 331,818 486,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

PENTHEALTH LIMITED (REGISTERED NUMBER: 07777468)

BALANCE SHEET - continued
30 NOVEMBER 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 25 March 2025 and were signed on its behalf by:





L Dookhan - Director


PENTHEALTH LIMITED (REGISTERED NUMBER: 07777468)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being
amortised evenly over its estimated useful life of twenty years.

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being
amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over the term of the lease
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.


PENTHEALTH LIMITED (REGISTERED NUMBER: 07777468)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

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 11 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023 1,429,999
Additions 6,553
At 30 November 2024 1,436,552
AMORTISATION
At 1 December 2023 631,321
Amortisation for year 92,374
At 30 November 2024 723,695
NET BOOK VALUE
At 30 November 2024 712,857
At 30 November 2023 798,678

PENTHEALTH LIMITED (REGISTERED NUMBER: 07777468)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2023 4,840 30,875 7,508 43,223
Additions - 16,546 - 16,546
At 30 November 2024 4,840 47,421 7,508 59,769
DEPRECIATION
At 1 December 2023 3,866 16,996 7,270 28,132
Charge for year 322 3,093 59 3,474
At 30 November 2024 4,188 20,089 7,329 31,606
NET BOOK VALUE
At 30 November 2024 652 27,332 179 28,163
At 30 November 2023 974 13,879 238 15,091

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 223,819 100,885
Other debtors 108,652 182,384
332,471 283,269

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 43,530 44,865
Trade creditors 194,531 160,138
Taxation and social security 34,927 38,398
Other creditors 39,827 506,621
312,815 750,022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 629,454 15,627

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 455,335 -

PENTHEALTH LIMITED (REGISTERED NUMBER: 07777468)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 672,984 60,492