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Registered Number: 04504174
England and Wales

 

 

 

PENNAIRE FILTRATION LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

Pennaire Filtration Limited
Contents Page
For the year ended 31 December 2024
Directors David James Head
Kevin David Head
Colin Hayward
Martin David Charles Andrews
Registered Number 04504174
Registered Office Unit 14
Springfield Road
Burnham-On-Crouch
Essex
CM0 8UA
Accountants Ludlow Painter Limited
Produce House
1a Wickham Court Road
West Wickham
Kent
BR4 9LN
Secretary Kevin David Head
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 31 December 2024.
Principal activities
The principal activity of the company during the financial year was of the design and installation of air filtration equipment and the servicing thereof.
Directors
The directors who served the company throughout the year were as follows:
David James Head
Kevin David Head
Colin Hayward
Martin David Charles Andrews
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Kevin David Head
Director

Date approved: 16 September 2025
2
Report to the directors on the preparation of the unaudited statutory accounts of Pennaire Filtration Limited for the year ended 31 December 2024.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pennaire Filtration Limited for the year ended 31 December 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.

This report is made solely to the Board of Directors of Pennaire Filtration Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Pennaire Filtration Limited and state those matters that we have agreed to state to the Board of Directors of Pennaire Filtration Limited, as a body, in this report.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pennaire Filtration Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Pennaire Filtration Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Pennaire Filtration Limited.You consider that Pennaire Filtration Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Pennaire Filtration Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements 31 December 2024.



....................................................
Ludlow Painter Limited
Produce House
1a Wickham Court Road
West Wickham
Kent
BR4 9LN
16 September 2025
3
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Tangible fixed assets 5 32,725    29,307 
32,725    29,307 
Current assets      
Stocks 6 15,235    17,688 
Debtors 7 505,541    704,251 
Cash at bank and in hand 1,300,303    995,887 
1,821,079    1,717,826 
Creditors: amount falling due within one year 8 (1,468,162)   (1,433,306)
Net current assets 352,917    284,520 
 
Total assets less current liabilities 385,642    313,827 
Creditors: amount falling due after more than one year 9 (5,643)   (15,761)
Net assets 379,999    298,066 
 

Capital and reserves 		     
Called up share capital 10 62,500    58,823 
Profit and loss account 317,499    239,243 
Shareholders' funds 379,999    298,066 
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 16 September 2025 and were signed on its behalf by:


-------------------------------
Kevin David Head
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 January 2023 56,180  223,253  279,433 
Profit for the year 415,990  415,990 
Total comprehensive income for the year -  415,990  415,990 
Dividends (400,000) (400,000)
Shares issued 2,643  2,643 
Total investments by and distributions to owners 2,643  (400,000) (397,357)
At 31 December 2023 58,823  239,243  298,066 
At 01 January 2024 58,823  239,243  298,066 
Profit for the year 78,256  78,256 
Total comprehensive income for the year -  78,256  78,256 
Shares issued 3,677  3,677 
Total investments by and distributions to owners 3,677  -  3,677 
At 31 December 2024 62,500  317,499  379,999 
5
General Information
Pennaire Filtration Limited is a private company, limited by shares, registered in England and Wales, registration number 04504174, registration address Unit 14, Springfield Road, Burnham-On-Crouch, Essex, CM0 8UA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Website cost
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Straight Line
Computer Equipment 25% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Directors' Emoluments

2024
£		   2023
£
Administrative Expenses
Directors Remuneration 147,298    117,664 
147,298    117,664 

3.

Staff Costs

2024
£		   2023
£
Wages and salaries 421,150    300,238 
Pension costs, defined contribution plan 17,990    11,644 
439,140    311,882 

4.

Average number of employees

Average number of employees during the year was 10 (2023 : 10).
5.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 January 2024 108,074    12,009    120,083 
Additions -    14,458    14,458 
Disposals -    -    - 
At 31 December 2024 108,074    26,467    134,541 
Depreciation
At 01 January 2024 78,767    12,009    90,776 
Charge for year 9,240    1,800    11,040 
On disposals -    -    - 
At 31 December 2024 88,007    13,809    101,816 
Net book values
Closing balance as at 31 December 2024 20,067    12,658    32,725 
Opening balance as at 01 January 2024 29,307    -    29,307 


6.

Stocks

2024
£		   2023
£
Stocks 15,235    17,688 
15,235    17,688 

7.

Debtors: amounts falling due within one year

2024
£		   2023
£
Trade Debtors 332,949    442,246 
Prepayments & Accrued Income 166,792    234,443 
Other Debtors 5,800    5,800 
VAT 0    21,762 
505,541    704,251 

8.

Creditors: amount falling due within one year

2024
£		   2023
£
Trade Creditors 223,397    314,602 
Bank Loans & Overdrafts 10,000    10,000 
Corporation Tax 21,881    115,719 
PAYE & Social Security 11,473    7,228 
Accrued Expenses 1,021,568    474,484 
Other Creditors 3,065    2,523 
Directors Current Account 149,150    508,750 
VAT 27,628    0 
1,468,162    1,433,306 

9.

Creditors: amount falling due after more than one year

2024
£		   2023
£
Bank Loans & Overdrafts 5,643    15,761 
5,643    15,761 

10.

Share Capital

Allotted, called up and fully paid
2024
£		   2023
£
62,500 Class A shares of £1.00 each 62,500    58,823 
62,500    58,823 

6