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Company Registration No. 11929523 (England and Wales)
Penny Hill Consulting Ltd Unaudited accounts for the year ended 31 March 2025
Penny Hill Consulting Ltd Unaudited accounts Contents
Page
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Penny Hill Consulting Ltd Company Information for the year ended 31 March 2025
Director
Mr Adam James Myers
Company Number
11929523 (England and Wales)
Registered Office
23 Higher Lane Lymm WA13 0BA United Kingdom
Accountants
Virtue Accounting Limited 53 Warwick Street Coventry CV5 6ET
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Penny Hill Consulting Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,087 
594 
Current assets
Debtors
14,616 
217 
Cash at bank and in hand
13,290 
14,619 
27,906 
14,836 
Creditors: amounts falling due within one year
(16,928)
(4,140)
Net current assets
10,978 
10,696 
Total assets less current liabilities
13,065 
11,290 
Provisions for liabilities
Deferred tax
(397)
(113)
Net assets
12,668 
11,177 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
12,658 
11,167 
Shareholders' funds
12,668 
11,177 
For the year ending 31 March 2025 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 5 April 2025 and were signed on its behalf by
Mr Adam James Myers Director Company Registration No. 11929523
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Penny Hill Consulting Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Penny Hill Consulting Ltd is a private company, limited by shares, registered in England and Wales, registration number 11929523. The registered office is 23 Higher Lane, Lymm, WA13 0BA, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
25% - Straight Line
Computer equipment
33% - Straight Line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Penny Hill Consulting Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2024
10,169 
Additions
2,459 
At 31 March 2025
12,628 
Depreciation
At 1 April 2024
9,575 
Charge for the year
966 
At 31 March 2025
10,541 
Net book value
At 31 March 2025
2,087 
At 31 March 2024
594 
5
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
6
Loans to directors
Movements on directors' loan accounts represent timing differences between amounts owed, and payments made, to directors in respect of expenses, remuneration and dividends. At the reporting date the amount owed by the company to Mr A J Myers was £312, a movement of Nil from the £312 owed by the company at the beginning of the period. No interest is charged on balances and no guarantees have been provided by either the company or the directors.
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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