Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-10-01falseNo description of principal activity22truetrue 06606487 2023-10-01 2024-09-30 06606487 2022-10-01 2023-09-30 06606487 2024-09-30 06606487 2023-09-30 06606487 c:Director2 2023-10-01 2024-09-30 06606487 c:Director3 2023-10-01 2024-09-30 06606487 c:RegisteredOffice 2023-10-01 2024-09-30 06606487 d:MotorVehicles 2023-10-01 2024-09-30 06606487 d:MotorVehicles 2024-09-30 06606487 d:MotorVehicles 2023-09-30 06606487 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 06606487 d:FurnitureFittings 2023-10-01 2024-09-30 06606487 d:FurnitureFittings 2024-09-30 06606487 d:FurnitureFittings 2023-09-30 06606487 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 06606487 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 06606487 d:CurrentFinancialInstruments 2024-09-30 06606487 d:CurrentFinancialInstruments 2023-09-30 06606487 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 06606487 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 06606487 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 06606487 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 06606487 d:ShareCapital 2024-09-30 06606487 d:ShareCapital 2023-09-30 06606487 d:RetainedEarningsAccumulatedLosses 2024-09-30 06606487 d:RetainedEarningsAccumulatedLosses 2023-09-30 06606487 c:FRS102 2023-10-01 2024-09-30 06606487 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 06606487 c:FullAccounts 2023-10-01 2024-09-30 06606487 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06606487 2 2023-10-01 2024-09-30 06606487 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Company registration number: 06606487







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2024


PENNULTIMATE LIMITED






































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PENNULTIMATE LIMITED
 


 
COMPANY INFORMATION


Directors
M D Preece 
A N Penn 




Registered number
06606487



Registered office
Magna House
18-32 London Road

Staines-Upon-Thames

TW18 4BP




Trading Address
The Barn
Holt Lane

Hook

RG27 9ER






Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


PENNULTIMATE LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


PENNULTIMATE LIMITED
REGISTERED NUMBER:06606487



STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,419
5,891

  
4,419
5,891

Current assets
  

Debtors: amounts falling due within one year
 5 
129,305
165,198

Cash at bank and in hand
  
16,187
66,118

  
145,492
231,316

Creditors: amounts falling due within one year
 6 
(76,216)
(110,014)

Net current assets
  
 
 
69,276
 
 
121,302

Total assets less current liabilities
  
73,695
127,193

Creditors: amounts falling due after more than one year
  
(10,018)
-

  

Net assets
  
63,677
127,193


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
63,577
127,093

  
63,677
127,193


Page 1

 


PENNULTIMATE LIMITED
REGISTERED NUMBER:06606487


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A N Penn
Director

Date: 13 June 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


PENNULTIMATE LIMITED
 


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

1.


General information

Pennultimate 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

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Going concern

The financial statements have been prepared on a going concern basis, There are no significant judgements or estimates used by management in assessing the appopriateness of going concern.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


Page 3

 


PENNULTIMATE LIMITED
 


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

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Reducing balance
Fixtures and fittings
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2)

Page 4

 


PENNULTIMATE LIMITED
 


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

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 October 2023
7,000
7,351
14,351



At 30 September 2024

7,000
7,351
14,351



Depreciation


At 1 October 2023
2,242
6,218
8,460


Charge for the year on owned assets
1,189
283
1,472



At 30 September 2024

3,431
6,501
9,932



Net book value



At 30 September 2024
3,569
850
4,419



At 30 September 2023
4,758
1,133
5,891

Page 5

 


PENNULTIMATE LIMITED
 


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

5.


Debtors

2024
2023
£
£


Trade debtors
10,283
12,750

Other debtors
100,892
149,380

Prepayments and accrued income
18,130
3,068

129,305
165,198



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
11,355

Trade creditors
7,967
2,670

Corporation tax
43,881
70,599

Other taxation and social security
8,868
21,259

Accruals and deferred income
5,500
4,131

76,216
110,014



7.


Transactions with directors

As at the balance sheet date the directors owed the company £39,919 (2023: £88,380). Loans are repayable on demand and are accruing interest at a rate of 2.25%

2024
2023
£
£
Amount outstanding at the start of the year

88,380

57,929
 
Amount advanced

93,468

133,793
 
Amount repaid

(141,929)

(103,342)
 
Balance at the end of the year
39,919

88,380
 


Page 6