PENNINE COMPONENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
PENNINE COMPONENTS LIMITED
COMPANY INFORMATION
Director
Mr T G Barrow
Secretary
Mrs G Barrow
Company number
01421828 (England and Wales)
Registered office
5 Pennine View
Blackshaw Head
Hebden Bridge
HX7 7JS
Accountants
Ashworth Moulds
11 Nicholas Street
Burnley
Lancashire
BB11 2AL
PENNINE COMPONENTS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
PENNINE COMPONENTS LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1
1
Tangible assets
4
13,731
14,296
Investments
5
537
383
14,269
14,680
Current assets
Stocks
134,322
170,227
Debtors
6
116,759
205,807
Cash at bank and in hand
389,415
354,741
640,496
730,775
Creditors: amounts falling due within one year
7
(135,670)
(131,801)
Net current assets
504,826
598,974
Total assets less current liabilities
519,095
613,654
Provisions for liabilities
Deferred tax liability
3,433
3,484
(3,433)
(3,484)
Net assets
515,662
610,170
Capital and reserves
Called up share capital
8
200
200
Profit and loss reserves
515,462
609,970
Total equity
515,662
610,170
The notes on pages 3 - 8 form an integral part of these financial statements.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

PENNINE COMPONENTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2025
30 June 2025
- 2 -

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 5 December 2025
Mr T G Barrow
Director
Company Registration No. 01421828
PENNINE COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
1
Accounting policies
Company information

Pennine Components Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 Pennine View, Blackshaw Head, Hebden Bridge, HX7 7JS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Intellectual property

This relates to design rights stated at cost of £1.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
15% per annum, reducing balance
Fixtures and fittings
15% per annum, reducing balance
Computer equipment
20% per annum, reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Interests in publically traded shares are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss. Transaction costs are expensed to profit or loss as incurred.

PENNINE COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

A financial instrument is a contract giving rise to a financial asset (such as trade and other debtors, cash and bank balances) or a financial liability (such as trade and other creditors, bank and other loans, hire purchase and lease creditors) or an equity instrument (such as ordinary or preference shares).

Financial instruments are recognised in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument.

All the company's financial instruments are basic financial instruments and are recognised at amortised cost using the effective interest method.

Amortised cost: the original transaction value, less amounts settled, less any adjustment for impairment.

Effective interest method: where a financial instrument falls due more than 12 months after the balance sheet date and is subject to a rate of interest which is below a market rate, the original transaction value is discounted using a market rate of interest to give the net present value of future cash flows.

Derecognition of financial assets

Financial assets cease to be recognised only when the contractual rights to the cash flows expire, or when substantially all the risks and rewards of ownership are transferred to another entity.

Financial liabilities cease to be recognised when and only when the company's obligations are discharged, cancelled, or they expire.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

PENNINE COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

D eferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to reserves, in which case the deferred tax is also dealt with in reserves.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
8
7
PENNINE COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 6 -
3
Intangible fixed assets
Goodwill
Design rights
Total
£
£
£
Cost
At 1 July 2024 and 30 June 2025
25,000
1
25,001
Amortisation and impairment
At 1 July 2024 and 30 June 2025
25,000
-
0
25,000
Carrying amount
At 30 June 2025
-
0
1
1
At 30 June 2024
-
0
1
1
4
Tangible fixed assets
Plant and machinery
Fixtures and fittings
Computer equipment
Total
£
£
£
£
Cost
At 1 July 2024
4,926
13,526
14,861
33,313
Additions
-
0
1,490
715
2,205
Disposals
-
0
-
0
(800)
(800)
At 30 June 2025
4,926
15,016
14,776
34,718
Depreciation and impairment
At 1 July 2024
4,072
5,875
9,070
19,017
Depreciation charged in the year
128
1,148
1,241
2,517
Eliminated in respect of disposals
-
0
-
0
(547)
(547)
At 30 June 2025
4,200
7,023
9,764
20,987
Carrying amount
At 30 June 2025
726
7,993
5,012
13,731
At 30 June 2024
854
7,651
5,791
14,296
5
Fixed asset investments
2025
2024
£
£
Listed investments
537
383

Investments comprise shares in listed entities.

PENNINE COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
5
Fixed asset investments
(Continued)
- 7 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 July 2024
383
Valuation changes
154
At 30 June 2025
537
Carrying amount
At 30 June 2025
537
At 30 June 2024
383
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
99,447
194,959
Corporation tax recoverable
6,942
-
0
Amounts owed by related undertakings
246
246
Other debtors
8,810
10,602
Directors loan account
1,314
-
116,759
205,807
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
109,305
66,442
Corporation tax
-
0
15,674
Other taxation and social security
7,090
28,786
Accruals and deferred income
19,275
20,899
135,670
131,801
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
Ordinary 'A' shares of £1 each
100
100
100
100
200
200
200
200
PENNINE COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 8 -
9
Financial commitments, guarantees and contingent liabilities

A guarantee has been given by the company's bankers to HM Customs and Revenue for the sum of £24,000 (2024 : £24,000) with recourse to the company.

10
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
9,000
27,000
11
Related party transactions
Transactions with related parties

The company made contributions during the year into the Pennine Components Self-Administered Pension Fund amounting to £36,000 (2024 : £37,000).

Pennine Components Limited leases a property from the Pennine Components Self-Administered Pension Fund and paid £18,000 (2024 : £18,000) in relation to this for the year.

At 30 June 2024 the company was owed £nil (2024 : £nil) by the Pennine Components Self Administered Pension Fund.

12
Parent company

The company was a wholly owned subsidiary of Pennine Components (Holdings) Limited until 21 February 2023 when it became a wholly owned subsidiary of Pennine Components Investments Limited. From 6 March 2023 the company became a wholly owned subsidiary of Pennine Components Distribution Limited. The ultimate controlling party remained Mr T G Barrow throughout the current and prior year.

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