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Company Registration No. 15834832 (England and Wales)
Pen Leasing Ltd Unaudited accounts for the year ended 31 July 2025
Pen Leasing Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Pen Leasing Ltd Company Information for the year ended 31 July 2025
Director
Philip Nunn
Company Number
15834832 (England and Wales)
Accountants
JSVM Limited Certified Public Accountants 23a Dawkins Road Poole Dorset BH15 4JY
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Pen Leasing Ltd Statement of financial position as at 31 July 2025
2025
Notes
£
Fixed assets
Tangible assets
4
71,173
Current assets
Debtors
5
3,561
Cash at bank and in hand
6,386
9,947
Creditors: amounts falling due within one year
6
(78,360)
Net current liabilities
(68,413)
Total assets less current liabilities
2,760
Provisions for liabilities
Deferred tax
(1,005)
Net assets
1,755
Capital and reserves
Called up share capital
1
Profit and loss account
1,754
Shareholders' funds
1,755
For the year ending 31 July 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 10 February 2026 and were signed on its behalf by
Philip Nunn Director Company Registration No. 15834832
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Pen Leasing Ltd Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
Pen Leasing Ltd is a private company, limited by shares, registered in England and Wales, registration number 15834832.
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 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:
Motor vehicles
25% Annual Reducing Balance
Deferred taxation
Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Turnover
Turnover is measured at the fair value of the consideration received or receivable value added tax.
4
Tangible fixed assets
Motor vehicles
£
Cost or valuation
At cost
At 1 August 2024
-
Additions
83,325
At 31 July 2025
83,325
Depreciation
Charge for the year
12,152
At 31 July 2025
12,152
Net book value
At 31 July 2025
71,173
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Pen Leasing Ltd Notes to the Accounts for the year ended 31 July 2025
5
Debtors
2025
£
Amounts falling due within one year
Trade debtors
3,561
6
Creditors: amounts falling due within one year
2025
£
VAT
1,644
Loans from directors
67,219
Accruals
529
Deferred income
8,968
78,360
The Director's Loan Account is interest-free and repayable on demand.
7
Average number of employees
During the year the average number of employees was 0.
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