Penelope Allen Design Limited

Financial Statements for the Year Ended 31 August 2025

DIRECTOR:

P L Allen-Roberts

REGISTERED OFFICE:

10 Henfold Cottages

Henfold Lane

Newdigate

Surrey

RH5 5AG

REGISTERED NUMBER:

08182626 (England and Wales)

ACCOUNTANTS:

BPU Limited

Chartered Accountants

Radnor House

Greenwood Close

Cardiff Gate Business Park

Cardiff

CF23 8AA

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Penelope Allen Design Limited for the year ended 31 August 2025 which comprise the Profit & Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the director of Penelope Allen Design Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Penelope Allen Design Limited and state those matters that we have agreed to state to the director of Penelope Allen Design Limited in this report in accordance with icaew/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Penelope Allen Design Limited and its director for our work or for this report.

It is your duty to ensure that Penelope Allen Design Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Penelope Allen Design Limited. You consider that Penelope Allen Design Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Penelope Allen Design Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

BPU Limited

Chartered Accountants

18 May 2026

FIXED ASSETS

Tangible assets

3

201

-

CURRENT ASSETS

Stocks

2,000

1,500

Debtors

4

8,137

22,343

Cash at bank

6,026

14,947

16,163

38,790

CREDITORS

Amounts falling due within one year

5

69,145

84,351

NET CURRENT LIABILITIES

(52,982

)

(45,561

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(52,781

)

(45,561

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(52,881

)

(45,661

)

SHAREHOLDERS' FUNDS

(52,781

)

(45,561

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 May 2026 and were signed by:

P L Allen-Roberts - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on the going concern basis as the company has the ongoing support of the Director, who is the main creditor of the company.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax. Turnover in respect of ongoing contracts for uninvoiced goods and services is recognised by reference to the stage of completion of the contact at the year end.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

3.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 September 2024

1,650

Additions

257

At 31 August 2025

1,907

DEPRECIATION

At 1 September 2024

1,650

Charge for year

56

At 31 August 2025

1,706

NET BOOK VALUE

At 31 August 2025

201

At 31 August 2024

-

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

-

13,250

Other debtors & prepayments

8,137

9,093

8,137

22,343

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

375

12,878

Taxes & social security costs

1,324

77

Other creditors & accruals

67,446

71,396

69,145

84,351