REGISTERED NUMBER: 03612664 (England and Wales)

Financial Statements

for the Year Ended 31 August 2025

for

Penmark Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

V M Young

G C Young

SECRETARY:

G C Young

REGISTERED OFFICE:

The Mills

Canal Street

Derby

DE1 2RJ

REGISTERED NUMBER:

03612664 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

23,713

4,484

23,713

4,484

CURRENT ASSETS

Debtors

6

244,130

636,140

Cash at bank

248,341

551,641

492,471

1,187,781

CREDITORS

Amounts falling due within one year

7

348,532

867,463

NET CURRENT ASSETS

143,939

320,318

TOTAL ASSETS LESS CURRENT LIABILITIES

167,652

324,802

CREDITORS

Amounts falling due after more than one year

8

-

7,500

NET ASSETS

167,652

317,302

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

167,551

317,201

SHAREHOLDERS' FUNDS

167,652

317,302

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 directors acknowledge their 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 and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by:

G C Young - Director

1.	STATUTORY INFORMATION

Penmark Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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.

Turnover

Turnover represents the value of services performed during the year excluding value added tax. Turnover is recognised in the year in which the service is provided.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Invoice discounting

The debts factored are included within trade debtors with a financing limit relating to proceeds received from the debt factor included within creditors.

The interest element and other factoring charges are recognised within the profit and loss account as they accrue.

Leasing commitments

Rentals paid under operating leases are charged to profit and loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Domain

names

£

COST

At 1 September 2024

and 31 August 2025

3,000

AMORTISATION

At 1 September 2024

and 31 August 2025

3,000

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 September 2024

47,163

Additions

86,685

Disposals

(54,477

)

At 31 August 2025

79,371

DEPRECIATION

At 1 September 2024

42,679

Charge for year

12,979

At 31 August 2025

55,658

NET BOOK VALUE

At 31 August 2025

23,713

At 31 August 2024

4,484

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

97,654

402,857

Other debtors

17,831

7,200

Directors' loan account

112,630

218,222

Prepayments

16,015

7,861

244,130

636,140

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

10,000

Trade creditors

65,913

116,240

Tax

73,605

115,915

Social security and other taxes

9,711

171,735

Other creditors

830

846

Accruals and deferred income

198,473

452,727

348,532

867,463

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loan

-

7,500

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

14,715

14,715

Between one and five years

21,597

36,313

36,312

51,028

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The amount due from the directors at the year end is shown in note 6. Interest was charged at the official rate and the balance is repayable on demand.