| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE PERIOD 28 SEPTEMBER 2023 TO 31 OCTOBER 2024 |
| FOR |
| PENCOR LIMITED |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE PERIOD 28 SEPTEMBER 2023 TO 31 OCTOBER 2024 |
| FOR |
| PENCOR LIMITED |
| PENCOR LIMITED (REGISTERED NUMBER: 15173519) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 28 SEPTEMBER 2023 TO 31 OCTOBER 2024 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| PENCOR LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 28 SEPTEMBER 2023 TO 31 OCTOBER 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 24 St Cuthberts Way |
| Darlington |
| DL1 1GB |
| PENCOR LIMITED (REGISTERED NUMBER: 15173519) |
| STATEMENT OF FINANCIAL POSITION |
| 31 OCTOBER 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| PENCOR LIMITED (REGISTERED NUMBER: 15173519) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 31 OCTOBER 2024 |
| The financial statements were approved by the director and authorised for issue on |
| PENCOR LIMITED (REGISTERED NUMBER: 15173519) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 28 SEPTEMBER 2023 TO 31 OCTOBER 2024 |
| 1. | STATUTORY INFORMATION |
| Pencor Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net invoiced sales of goods and services, excluding value added tax. |
| Intangible |
| Goodwill, being the amount paid in connection with the acquisition of the business is being amortised evenly over its estimated useful life of ten years. |
| Tangible fixed assets |
| Depreciation is provided to write off each asset evenly over its estimated useful life. |
| Fixtures, fittings and equipment - 10% on cost |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for slow moving |
| items. |
| Taxation |
| Taxation for the period 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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. |
| Leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease |
| Pension costs and other post-retirement benefits |
| The company contributes to an auto enrolment pension scheme. Contributions payable to the scheme are |
| charged to the profit and loss account in the period to which they relate. |
| PENCOR LIMITED (REGISTERED NUMBER: 15173519) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 28 SEPTEMBER 2023 TO 31 OCTOBER 2024 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| Additions |
| At 31 October 2024 |
| AMORTISATION |
| Amortisation for period |
| At 31 October 2024 |
| NET BOOK VALUE |
| At 31 October 2024 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures, |
| fittings |
| and |
| equipment |
| £ |
| COST |
| Additions |
| At 31 October 2024 |
| DEPRECIATION |
| Charge for period |
| At 31 October 2024 |
| NET BOOK VALUE |
| At 31 October 2024 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| Director's current account | 177,429 |
| Accruals and deferred income |
| PENCOR LIMITED (REGISTERED NUMBER: 15173519) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 28 SEPTEMBER 2023 TO 31 OCTOBER 2024 |
| 8. | PROVISIONS FOR LIABILITIES |
| £ |
| Deferred tax | 200 |
| Deferred |
| tax |
| £ |
| Movement | 200 |
| Balance at 31 October 2024 |
| The deferred tax provision relates to accelerated capital allowances. |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal |
| value: | £ |
| Ordinary | £1 | 1 |
| 10. | RELATED PARTY DISCLOSURES |
| During the period the company acquired the business trading as Saks Chester from the director. |
| The goodwill of the business was acquired for £150,000 and the fixtures, fittings and equipment were acquired for £27,227. |
| During the period, the company paid dividends of £10,000 to Mrs N D Hughes. |
| 11. | ULTIMATE CONTROLLING PARTY |
| Mrs N D Hughes owns the only share in the company |