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REGISTERED NUMBER: 09378791 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2025

FOR

PENFOLD & MCPHERSON LIMITED

PENFOLD & MCPHERSON LIMITED (REGISTERED NUMBER: 09378791)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PENFOLD & MCPHERSON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2025







DIRECTORS: E A Stott
C D Harrington





REGISTERED OFFICE: 7A Southgate Street
Winchester
Hampshire
SO23 9DY





REGISTERED NUMBER: 09378791 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

PENFOLD & MCPHERSON LIMITED (REGISTERED NUMBER: 09378791)

BALANCE SHEET
30TH APRIL 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 20,250
Tangible assets 5 4,095 3,892
4,095 24,142

CURRENT ASSETS
Work in progress 18,046 12,308
Debtors 6 67,157 34,305
Cash at bank 20,401 44,457
105,604 91,070
CREDITORS
Amounts falling due within one year 7 97,571 90,661
NET CURRENT ASSETS 8,033 409
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,128

24,551

CREDITORS
Amounts falling due after more than one
year

8

5,142

15,252
NET ASSETS 6,986 9,299

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,886 9,199
SHAREHOLDERS' FUNDS 6,986 9,299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2025 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.

PENFOLD & MCPHERSON LIMITED (REGISTERED NUMBER: 09378791)

BALANCE SHEET - continued
30TH APRIL 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 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 16th July 2025 and were signed on its behalf by:




C D Harrington - Director



E A Stott - Director


PENFOLD & MCPHERSON LIMITED (REGISTERED NUMBER: 09378791)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2025


1. STATUTORY INFORMATION

Penfold & McPherson 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2015, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance and not provided
Computer equipment - 33.33% straight line

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 work in progress 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.

PENFOLD & MCPHERSON LIMITED (REGISTERED NUMBER: 09378791)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2025


2. ACCOUNTING POLICIES - continued

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 4 (2024 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2024
and 30th April 2025 270,000
AMORTISATION
At 1st May 2024 249,750
Amortisation for year 20,250
At 30th April 2025 270,000
NET BOOK VALUE
At 30th April 2025 -
At 30th April 2024 20,250

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st May 2024 5,958 13,193 19,151
Additions 1,065 1,460 2,525
At 30th April 2025 7,023 14,653 21,676
DEPRECIATION
At 1st May 2024 4,125 11,134 15,259
Charge for year 725 1,597 2,322
At 30th April 2025 4,850 12,731 17,581
NET BOOK VALUE
At 30th April 2025 2,173 1,922 4,095
At 30th April 2024 1,833 2,059 3,892

PENFOLD & MCPHERSON LIMITED (REGISTERED NUMBER: 09378791)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2025


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 18,174 9,661
Other debtors 32,412 19,169
Directors' loan accounts 8,990 -
Prepayments and accrued income 7,581 5,475
67,157 34,305

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other loans 9,600 9,600
Tax 63,240 55,565
Social security and other taxes 1,394 1,386
VAT 17,956 18,036
Directors' loan accounts - 830
Accrued expenses 5,381 5,244
97,571 90,661

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Other loans - 2-5 years 5,142 15,252

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th April 2025 and 30th April 2024:

2025 2024
£    £   
C D Harrington
Balance outstanding at start of year - -
Amounts advanced 4,946 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,946 -

E A Stott
Balance outstanding at start of year - -
Amounts advanced 4,044 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,044 -