IRIS Accounts Production v25.1.4.42 06597237 Board of Directors Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh065972372023-09-30065972372024-09-30065972372023-10-012024-09-30065972372022-09-30065972372022-10-012023-09-30065972372023-09-3006597237ns15:EnglandWales2023-10-012024-09-3006597237ns14:PoundSterling2023-10-012024-09-3006597237ns10:Director12023-10-012024-09-3006597237ns10:Director22023-10-012024-09-3006597237ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3006597237ns10:SmallEntities2023-10-012024-09-3006597237ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3006597237ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3006597237ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3006597237ns10:FullAccounts2023-10-012024-09-3006597237ns10:RegisteredOffice2023-10-012024-09-3006597237ns5:CurrentFinancialInstruments2024-09-3006597237ns5:CurrentFinancialInstruments2023-09-3006597237ns5:Non-currentFinancialInstruments2024-09-3006597237ns5:Non-currentFinancialInstruments2023-09-3006597237ns5:ShareCapital2024-09-3006597237ns5:ShareCapital2023-09-3006597237ns5:CapitalRedemptionReserve2024-09-3006597237ns5:CapitalRedemptionReserve2023-09-3006597237ns5:RetainedEarningsAccumulatedLosses2023-09-3006597237ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-10-012024-09-3006597237ns5:PlantMachinery2023-10-012024-09-3006597237ns5:MotorVehicles2023-10-012024-09-3006597237ns5:ComputerEquipment2023-10-012024-09-3006597237ns5:LandBuildings2023-09-3006597237ns5:PlantMachinery2023-09-3006597237ns5:MotorVehicles2023-09-3006597237ns5:ComputerEquipment2023-09-3006597237ns5:LandBuildings2023-10-012024-09-3006597237ns5:LandBuildings2024-09-3006597237ns5:PlantMachinery2024-09-3006597237ns5:MotorVehicles2024-09-3006597237ns5:ComputerEquipment2024-09-3006597237ns5:LandBuildings2023-09-3006597237ns5:PlantMachinery2023-09-3006597237ns5:MotorVehicles2023-09-3006597237ns5:ComputerEquipment2023-09-3006597237ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3006597237ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30
REGISTERED NUMBER: 06597237 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Penmilne Contractors Limited

Penmilne Contractors Limited (Registered number: 06597237)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Penmilne Contractors Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Miss K U Underwood
Mrs T Burstow





REGISTERED OFFICE: Braceys Accountants Ltd
Cam Centre
Unit 1
Hitchin
Hertfordshire
SG4 0TW





REGISTERED NUMBER: 06597237 (England and Wales)






Penmilne Contractors Limited (Registered number: 06597237)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 179,356 181,926

CURRENT ASSETS
Stocks 13,452 13,452
Debtors 5 127,272 87,448
Cash at bank 592,737 1,069,199
733,461 1,170,099
CREDITORS
Amounts falling due within one year 6 146,059 75,614
NET CURRENT ASSETS 587,402 1,094,485
TOTAL ASSETS LESS CURRENT
LIABILITIES

766,758

1,276,411

CREDITORS
Amounts falling due after more than one
year

7

(164,099

)

(69,388

)

PROVISIONS FOR LIABILITIES (34,077 ) -
NET ASSETS 568,582 1,207,023

CAPITAL AND RESERVES
Called up share capital 58 100
Capital redemption reserve 42 -
Retained earnings 568,482 1,206,923
568,582 1,207,023

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

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

Penmilne Contractors Limited (Registered number: 06597237)

Balance Sheet - continued
30 September 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 22 May 2025 and were signed on its behalf by:




Mrs T Burstow - Director



Miss K U Underwood - Director


Penmilne Contractors Limited (Registered number: 06597237)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Penmilne Contractors 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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.
Freehold property - not provided
Plant and machinery - 25% on reducing balance
Motor vehicles - 10% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Penmilne Contractors Limited (Registered number: 06597237)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly
liquid investments that are readily convertible to a known amount of cash and are subject to an
insignificant risk of change in value.

Trade Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the
ordinary course of business.

Trade debtors are recognised at the transaction price.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 125,000 46,633 72,181 8,338 252,152
Additions - - - 3,002 3,002
At 30 September 2024 125,000 46,633 72,181 11,340 255,154
DEPRECIATION
At 1 October 2023 - 43,950 18,626 7,650 70,226
Charge for year - 462 5,356 (246 ) 5,572
At 30 September 2024 - 44,412 23,982 7,404 75,798
NET BOOK VALUE
At 30 September 2024 125,000 2,221 48,199 3,936 179,356
At 30 September 2023 125,000 2,683 53,555 688 181,926

Included in cost of land and buildings is freehold land of £ 125,000 (2023 - £ 125,000 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 122,465 94,161
Other debtors 4,807 (6,713 )
127,272 87,448

Penmilne Contractors Limited (Registered number: 06597237)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 53,707 16,901
Taxation and social security 28,410 20,082
Other creditors 63,942 38,631
146,059 75,614

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Taxation and social security 164,099 69,388

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £55,652 to the directors. There are no terms relating to the repayment of capital or payment of interest on this loan.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the Directors by virtue of their equal shareholding.

10. PURCHASE OF OWN SHARES

During the financial year, the company purchased 42 of its own Ordinary shares at a nominal value of £1 per share.

The repurchase was accounted for in accordance with FRS 102. The shares where cancelled with the consideration paid removed from share capital.

Opening Share Capital £100
Share Repurchases £42
Closing Share Capital £58