Pencilfront Limited - Filleted accounts

Registered number

06045377

Pencilfront Limited

Filleted Accounts

31 July 2025

Pencilfront Limited
Registered number:		06045377
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		104,838			107,700

Current assets
Debtors	4	(730)			537
Cash at bank and in hand		37,732			29,342
		37,002			29,879

Creditors: amounts falling due within one year	5	(123,956)			(123,763)

Net current liabilities			(86,954)			(93,884)

Net assets			17,884			13,816

Capital and reserves
Called up share capital			1			1
Profit and loss account			17,883			13,815

Shareholder's funds			17,884			13,816

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




G M Waite
Director
Approved by the board on 28 April 2026

Pencilfront Limited
Notes to the Accounts
for the year ended 31 July 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rental of properties and from the rendering of related services.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 to 10 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			0		0


3	Tangible fixed assets
		Leasehold land and buildings		Plant and machinery		Total
£			£		£
	Cost
	At 1 August 2024	120,000		7,260		127,260
	At 31 July 2025	120,000		7,260		127,260

	Depreciation
	At 1 August 2024	15,300		4,260		19,560
	Charge for the year	1,800		1,062		2,862
	At 31 July 2025	17,100		5,322		22,422

	Net book value
	At 31 July 2025	102,900		1,938		104,838
	At 31 July 2024	104,700		3,000		107,700


4	Debtors			2025		2024
£					£

	Trade debtors			(1,000)		-
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			-		267
	Other debtors			270		270
				(730)		537


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Amounts owed to group undertakings and undertakings in which the company has a participating interest			120,000		120,000
	Taxation and social security costs			1,648		-
	Other creditors			2,308		3,763
				123,956		123,763


6	Related party transactions			2025		2024
£					£

	McKenzie Martin (Holdings) Limited
	G M Waite is a common director
	Amount due to the above company			(120,000)		(120,000)

	Twinwall Limited
	G M Waite is a common director
	Amount due from/to the above company			-		267


7	Controlling party

	The ultimate holding company is McKenzie Martin (Holdings) Limited (03798963), a company incorporated in Great Britain.


8	Other information

	Pencilfront Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Eton Hill Road
	Eton Hill Road
	Radcliffe
	Manchester M26 2US