Company Registration No. 1481911 (England and Wales)
Penknife Limited
Unaudited accounts
for the year ended 31 August 2025
Penknife Limited
Unaudited accounts
Contents
Penknife Limited
Company Information
for the year ended 31 August 2025
Director
Nicholas Pritchard
Company Number
1481911 (England and Wales)
Registered Office
56 The Highway
Oakfield
Cwmbran
Gwent
NP44 3DR
Wales
Accountants
STAS Ltd
253 Cowbridge Road West
Cardiff
CF5 5TD
Penknife Limited
Statement of financial position
as at 31 August 2025
Tangible assets
1,286
1,734
Cash at bank and in hand
67,851
59,897
Creditors: amounts falling due within one year
(8,466)
(7,058)
Net current assets
62,360
55,758
Total assets less current liabilities
63,646
57,492
Provisions for liabilities
Called up share capital
32
32
Revaluation reserve
168
168
Profit and loss account
63,446
56,963
Shareholders' funds
63,646
57,163
For the year ending 31 August 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 26 May 2026 and were signed on its behalf by
Nicholas Pritchard
Director
Company Registration No. 1481911
Penknife Limited
Notes to the Accounts
for the year ended 31 August 2025
Penknife Limited is a private company, limited by shares, registered in England and Wales, registration number 1481911. The registered office is 56 The Highway, Oakfield, Cwmbran, Gwent, NP44 3DR, Wales.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
5 years
Computer equipment
5 years
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2024
70,421
10,742
81,163
Disposals
-
(7,921)
(7,921)
At 31 August 2025
70,421
2,821
73,242
At 1 September 2024
70,420
9,009
79,429
Charge for the year
1
447
448
On disposals
-
(7,921)
(7,921)
At 31 August 2025
70,421
1,535
71,956
At 31 August 2025
-
1,286
1,286
At 31 August 2024
1
1,733
1,734
Amounts falling due within one year
Penknife Limited
Notes to the Accounts
for the year ended 31 August 2025
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
3,422
2,374
Loans from directors
3,512
2,629
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).