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REGISTERED NUMBER: 05973836 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Pencil Learning Limited

Pencil Learning Limited (Registered number: 05973836)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pencil Learning Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr M A Pennell
Mrs K Pennell





SECRETARY: Mrs D Pennell





REGISTERED OFFICE: 47 Timbergate Drive
Haywards Heath
West Sussex
RH17 5LH





REGISTERED NUMBER: 05973836 (England and Wales)





ACCOUNTANTS: Black Barn Accountants Ltd
The Technology Centre
Station Road
Framlingham
Woodbridge
Suffolk
IP13 9EZ

Pencil Learning Limited (Registered number: 05973836)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 25,599 24,310

CURRENT ASSETS
Debtors 5 26,076 38,736
Cash at bank 25,245 8,426
51,321 47,162
CREDITORS
Amounts falling due within one year 6 76,103 70,275
NET CURRENT LIABILITIES (24,782 ) (23,113 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

817

1,197

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 717 1,097
SHAREHOLDERS' FUNDS 817 1,197

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Board of Directors and authorised for issue on 2 May 2025 and were signed on its behalf by:





Mr M A Pennell - Director


Pencil Learning Limited (Registered number: 05973836)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Pencil Learning 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 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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.

Pension costs & 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 2 (2023 - 2 ) .

Pencil Learning Limited (Registered number: 05973836)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Office Fixtures Computer
building & fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 22,500 1,777 8,841 33,118
Additions - 984 1,292 2,276
At 31 December 2024 22,500 2,761 10,133 35,394
DEPRECIATION
At 1 January 2024 - 287 8,521 8,808
Charge for year - 493 494 987
At 31 December 2024 - 780 9,015 9,795
NET BOOK VALUE
At 31 December 2024 22,500 1,981 1,118 25,599
At 31 December 2023 22,500 1,490 320 24,310

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 19,000 30,150
Other debtors 7,076 8,586
26,076 38,736

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans & overdrafts - 7,800
Taxation & social security 13,666 18,682
Other creditors 62,437 43,793
76,103 70,275