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REGISTERED NUMBER: 12397094 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

PENNI BLACK LDN LTD

PENNI BLACK LDN LTD (REGISTERED NUMBER: 12397094)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 January 2025




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


PENNI BLACK LDN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 January 2025







DIRECTOR: Mrs C E Penniceard





REGISTERED OFFICE: 41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX





REGISTERED NUMBER: 12397094 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

PENNI BLACK LDN LTD (REGISTERED NUMBER: 12397094)

BALANCE SHEET
31 January 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 48,487 56,448
Tangible assets 5 33,464 47,895
81,951 104,343

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 6 35,009 15,903
45,009 25,903
CREDITORS
Amounts falling due within one year 7 145,208 97,620
NET CURRENT LIABILITIES (100,199 ) (71,717 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,248

)

32,626

CREDITORS
Amounts falling due after more than one year 8 (12,274 ) (3,594 )

PROVISIONS FOR LIABILITIES - (10,629 )
NET (LIABILITIES)/ASSETS (30,522 ) 18,403

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (30,525 ) 18,400
SHAREHOLDERS' FUNDS (30,522 ) 18,403

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

PENNI BLACK LDN LTD (REGISTERED NUMBER: 12397094)

BALANCE SHEET - continued
31 January 2025


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 director and authorised for issue on 1 June 2025 and were signed by:





Mrs C E Penniceard - Director


PENNI BLACK LDN LTD (REGISTERED NUMBER: 12397094)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 January 2025

1. STATUTORY INFORMATION

Penni Black Ldn Ltd 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.

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

From the start of this financial year website costs are being charged to the profit and loss due to the regular updates that are required.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following anual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost
Fixture and fittings - Over 6 years

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.

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.

PENNI BLACK LDN LTD (REGISTERED NUMBER: 12397094)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 January 2025

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 30 (2024 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 February 2024
and 31 January 2025 79,604
AMORTISATION
At 1 February 2024 23,156
Amortisation for year 7,961
At 31 January 2025 31,117
NET BOOK VALUE
At 31 January 2025 48,487
At 31 January 2024 56,448

PENNI BLACK LDN LTD (REGISTERED NUMBER: 12397094)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 January 2025

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2024 30,681 34,703 5,100 3,770 74,254
Additions - 750 - - 750
Transfer to ownership 7,500 - - - 7,500
At 31 January 2025 38,181 35,453 5,100 3,770 82,504
DEPRECIATION
At 1 February 2024 15,324 7,458 2,292 1,285 26,359
Charge for year 7,670 5,867 702 942 15,181
Transfer to ownership 7,500 - - - 7,500
At 31 January 2025 30,494 13,325 2,994 2,227 49,040
NET BOOK VALUE
At 31 January 2025 7,687 22,128 2,106 1,543 33,464
At 31 January 2024 15,357 27,245 2,808 2,485 47,895

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 February 2024
and 31 January 2025 7,500
DEPRECIATION
At 1 February 2024 2,031
Charge for year 1,875
Transfer to ownership (3,906 )
At 31 January 2025 -
NET BOOK VALUE
At 31 January 2025 7,500
At 31 January 2024 5,469

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 19,675 -
Other debtors 13,624 12,504
Prepayments and accrued income 1,710 3,399
35,009 15,903

PENNI BLACK LDN LTD (REGISTERED NUMBER: 12397094)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 January 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts (see note 9) 11,704 169
Hire purchase contracts 1,875 1,875
Trade creditors 17,910 10,931
Social security and other taxes 7,291 10,081
Net Wages - 2,520
Pension 435 287
VAT 21,348 18,659
Other creditors 48,144 647
Directors' current accounts 5,394 26,020
Accruals and deferred income 31,107 26,431
145,208 97,620

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans (see note 9) 10,555 -
Hire purchase contracts 1,719 3,594
12,274 3,594

9. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 5,037 169
Bank loans 6,667 -
11,704 169

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,555 -

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

2025 2024
£    £   
Mrs C E Penniceard
Balance outstanding at start of year (75 ) (263 )
Amounts advanced (52,417 ) 44,224
Amounts repaid 47,097 (44,036 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,395 ) (75 )

PENNI BLACK LDN LTD (REGISTERED NUMBER: 12397094)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 January 2025

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

Mr A M Penniceard
Balance outstanding at start of year (25,945 ) (30,000 )
Amounts advanced - 4,055
Amounts repaid 25,945 -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (25,945 )

The loan to the director does not attract any interest and there is no repayment terms.

Included within other creditors, is a balance owed to a family member of the director. All transactions are at arms length.

11. RELATED PARTY DISCLOSURES

Included within other debtors is an amount of £13,206 (2024 £12,087) due to In & Out Health Ltd.
In & Out Health Ltd is an associated company due to the directors involvement and control. All transactions were at arms length.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr and Mrs Penniceard, who between them own 80% of the issued share capital.