29 February 2024 false No description of principal activity Taxfiler 2024.6 14630037 business:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 14630037 2024-02-28 14630037 2024-02-29 2025-02-28 14630037 business:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 14630037 business:FilletedAccounts 2024-02-29 2025-02-28 14630037 2025-02-28 14630037 business:Director1 2024-02-29 2025-02-28 14630037 business:RegisteredOffice 2024-02-29 2025-02-28 14630037 2024-02-28 14630037 core:WithinOneYear 2025-02-28 14630037 core:WithinOneYear 2024-02-28 14630037 core:ShareCapital core:PreviouslyStatedAmount 2025-02-28 14630037 core:ShareCapital core:PreviouslyStatedAmount 2024-02-28 14630037 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-02-28 14630037 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-02-28 14630037 core:PreviouslyStatedAmount 2025-02-28 14630037 core:PreviouslyStatedAmount 2024-02-28 14630037 business:SmallEntities 2024-02-29 2025-02-28 14630037 countries:EnglandWales 2024-02-29 2025-02-28 14630037 core:FurnitureFittings 2024-02-29 2025-02-28 14630037 core:FurnitureFittings 2024-02-28 14630037 core:FurnitureFittings 2025-02-28 14630037 2023-02-01 2024-02-28 iso4217:GBP xbrli:pure
Company Registration No. 14630037 (England and Wales)
PENIEL AUTO TRADE LTD Unaudited accounts for the period from 29 February 2024 to 28 February 2025
PENIEL AUTO TRADE LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PENIEL AUTO TRADE LTD Company Information for the period from 29 February 2024 to 28 February 2025
Director
Mohamed Althaf ANWARDEEN
Company Number
14630037 (England and Wales)
Registered Office
11 Morley Street Sutton-in-Ashfield Nottinghamshire NG17 4EE England
Accountants
Mersey Accountants Ltd 08-10 Brougham Terrace Liverpool MERSEYSIDE L6 1AE
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PENIEL AUTO TRADE LTD Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
3,102
3,650
Current assets
Inventories
2,520
4,250
Cash at bank and in hand
2,600
4,709
5,120
8,959
Creditors: amounts falling due within one year
5
(7,224)
(11,756)
Net current liabilities
(2,104)
(2,797)
Net assets
998
853
Capital and reserves
Called up share capital
1
1
Profit and loss account
997
852
Shareholders' funds
998
853
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 director acknowledges his 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 and authorised for issue on 23 January 2026 and were signed on its behalf by
Mohamed Althaf ANWARDEEN Director Company Registration No. 14630037
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PENIEL AUTO TRADE LTD Notes to the Accounts for the period from 29 February 2024 to 28 February 2025
1
Statutory information
PENIEL AUTO TRADE LTD is a private company, limited by shares, registered in England and Wales, registration number 14630037. The registered office is 11 Morley Street, Sutton-in-Ashfield, Nottinghamshire, NG17 4EE, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Fixtures & fittings
Depriciated@ 20&
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 29 February 2024
3,650
At 28 February 2025
3,650
Depreciation
Charge for the period
548
At 28 February 2025
548
Net book value
At 28 February 2025
3,102
At 28 February 2024
3,650
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,251
3,000
Loans from directors
5,973
8,756
7,224
11,756
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PENIEL AUTO TRADE LTD Notes to the Accounts for the period from 29 February 2024 to 28 February 2025
6
Average number of employees
During the period the average number of employees was 1 (2024: 1).
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