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REGISTERED NUMBER: 04660710 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 28 February 2025

for

PENNYS BLESSINGS LTD

PENNYS BLESSINGS LTD (REGISTERED NUMBER: 04660710)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PENNYS BLESSINGS LTD

Company Information
for the Year Ended 28 February 2025







DIRECTOR: Lorraine Mardenborough





SECRETARY: Keith Mardenborough





REGISTERED OFFICE: 3b Mousehill Pelsall
Walsall
West Midlands
WS3 4JW





REGISTERED NUMBER: 04660710 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

PENNYS BLESSINGS LTD (REGISTERED NUMBER: 04660710)

Statement of Financial Position
28 February 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 381 448

CURRENT ASSETS
Debtors 5 30,620 320
Cash at bank 7,302 38,587
37,922 38,907
CREDITORS
Amounts falling due within one year 6 15,892 17,324
NET CURRENT ASSETS 22,030 21,583
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,411

22,031

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 22,410 22,030
SHAREHOLDERS' FUNDS 22,411 22,031

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

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.

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 director and authorised for issue on 21 July 2025 and were signed by:



Lorraine Mardenborough - Director


PENNYS BLESSINGS LTD (REGISTERED NUMBER: 04660710)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Pennys Blessings Ltd 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.

Revenue recognition
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.
Fixtures and fittings - 15% on reducing balance

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 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

PENNYS BLESSINGS LTD (REGISTERED NUMBER: 04660710)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2024
and 28 February 2025 5,083
DEPRECIATION
At 1 March 2024 4,635
Charge for year 67
At 28 February 2025 4,702
NET BOOK VALUE
At 28 February 2025 381
At 29 February 2024 448

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 620 320
Other debtors 30,000 -
30,620 320

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 5,855 5,855
Corporation tax 2,009 3,949
Social security and other taxes 294 487
Other creditors 1,048 -
Directors' current accounts 5,616 6,313
Accrued expenses 1,070 720
15,892 17,324

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
1 Ordinary £1 1 1

PENNYS BLESSINGS LTD (REGISTERED NUMBER: 04660710)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

8. RESERVES
Retained
earnings
£   

At 1 March 2024 22,030
Profit for the year 8,380
Dividends (8,000 )
At 28 February 2025 22,410