Company Registration No. 10495962 (England and Wales)
The Penny Tap Ltd
Unaudited accounts
for the period from 29 February 2024 to 28 February 2025
The Penny Tap Ltd
Unaudited accounts
Contents
The Penny Tap Ltd
Company Information
for the period from 29 February 2024 to 28 February 2025
Directors
Stuart Allen
Richard Jesse
Bill Meaden
Simon Meaden
Barry Mitchell
Nigel Turton
Simon Wallworth
Company Number
10495962 (England and Wales)
Registered Office
1 Remedy Gate Cottage
Woodlands
Wimborne
Dorset
BH21 8NG
England
Accountants
Sarah Allen
Sarah Allen Accountancy
Waverley, Petworth Road
Milford, Godalming
Surrey
GU8 5BY
The Penny Tap Ltd
Statement of financial position
as at 28 February 2025
Tangible assets
2,349
2,937
Cash at bank and in hand
4,059
4,802
Creditors: amounts falling due within one year
(5,494)
(4,480)
Net current assets
709
3,094
Called up share capital
7
7
Profit and loss account
3,051
6,024
Shareholders' funds
3,058
6,031
For the period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by
Stuart Allen
Director
Company Registration No. 10495962
The Penny Tap Ltd
Notes to the Accounts
for the period from 29 February 2024 to 28 February 2025
The Penny Tap Ltd is a private company, limited by shares, registered in England and Wales, registration number 10495962. The registered office is 1 Remedy Gate Cottage, Woodlands, Wimborne, Dorset, BH21 8NG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on Reducing Balance
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The accounting policy adopted for grants is accrual model. Grants received as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs, are recognised in income in the period in which it becomes receivable.
The Penny Tap Ltd
Notes to the Accounts
for the period from 29 February 2024 to 28 February 2025
4
Tangible fixed assets
Plant & machinery
5
Creditors: amounts falling due within one year
2025
2024
Trade creditors
1,500
1,500
Taxes and social security
1,903
2,430
Allotted, called up and fully paid:
7 Ordinary shares of £1 each
7
7
7
Average number of employees
During the period the average number of employees was 0 (2024: 0).