REGISTERED NUMBER: SC485684 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

Penny Black Glasgow Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Marwaha

R Marwaha

J Marwaha

REGISTERED OFFICE:

721 - 723 Great Western Road

Glasgow

G12 8QX

REGISTERED NUMBER:

SC485684 (Scotland)

ACCOUNTANTS:

KPP Glasgow South Ltd

Chartered Certified Accountants

Unit 3 , 37 Rosyth Road

Morris Park

Glasgow

G5 0YE

FIXED ASSETS

Tangible assets

4

92,132

104,636

CURRENT ASSETS

Stocks

5

7,479

17,219

Debtors

6

(7,165

)

82,531

Cash at bank and in hand

5,811

16,726

6,125

116,476

CREDITORS

Amounts falling due within one year

7

92,381

126,932

NET CURRENT LIABILITIES

(86,256

)

(10,456

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,876

94,180

CREDITORS

Amounts falling due after more than one year

8

17,659

75,375

NET (LIABILITIES)/ASSETS

(11,783

)

18,805

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

(11,883

)

18,705

SHAREHOLDERS' FUNDS

(11,783

)

18,805

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

R Marwaha - Director

1.	STATUTORY INFORMATION

Penny Black Glasgow Limited is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

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

Hire purchase and leasing commitments

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

Property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 October 2024

9,802

11,939

229,282

7,747

258,770

Additions

-

-

-

2,024

2,024

At 30 September 2025

9,802

11,939

229,282

9,771

260,794

DEPRECIATION

At 1 October 2024

-

9,301

140,445

4,388

154,134

Charge for year

-

395

13,325

808

14,528

At 30 September 2025

-

9,696

153,770

5,196

168,662

NET BOOK VALUE

At 30 September 2025

9,802

2,243

75,512

4,575

92,132

At 30 September 2024

9,802

2,638

88,837

3,359

104,636

5.

STOCKS

30.9.25

30.9.24

£

£

Stocks

7,479

17,219

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

5,572

5,359

Associated Companies

(12,737

)

77,172

(7,165

)

82,531

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade creditors

59,382

61,085

Tax

979

1,154

Social security and other taxes

2,773

1,376

VAT

19,038

26,800

Directors' current accounts

-

15,907

Accrued expenses

10,209

20,610

92,381

126,932

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Other loans - 1-2 years

17,659

29,309

Loans

-

46,066

17,659

75,375

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

£

100

Ordinary shares

1

100

100