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Registered number: 03098010
Penrose Control Systems Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03098010
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 51,223 73,065
51,223 73,065
CURRENT ASSETS
Stocks 5 500 500
Debtors 6 107,305 140,502
Cash at bank and in hand 280,368 281,553
388,173 422,555
Creditors: Amounts Falling Due Within One Year 7 (36,460 ) (59,738 )
NET CURRENT ASSETS (LIABILITIES) 351,713 362,817
TOTAL ASSETS LESS CURRENT LIABILITIES 402,936 435,882
NET ASSETS 402,936 435,882
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 402,934 435,880
SHAREHOLDERS' FUNDS 402,936 435,882
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For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr R Penrose
Director
10th July 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Penrose Control Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03098010 . The registered office is Unit 3 Brookfield Works, Wood St Elland, Halifax, HX5 9AP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 4)
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2024 154,263 23,503 177,766
Disposals (26,790 ) - (26,790 )
As at 31 October 2025 127,473 23,503 150,976
Depreciation
As at 1 November 2024 82,472 22,229 104,701
Provided during the period 16,756 318 17,074
Disposals (22,022 ) - (22,022 )
As at 31 October 2025 77,206 22,547 99,753
Net Book Value
As at 31 October 2025 50,267 956 51,223
As at 1 November 2024 71,791 1,274 73,065
5. Stocks
2025 2024
£ £
Stock 500 500
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 99,976 129,009
Other debtors 7,329 11,493
107,305 140,502
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 16,588 14,513
Other creditors 2,932 7,321
Taxation and social security 16,940 37,904
36,460 59,738
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8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
9. Ultimate Controlling Party
The company was controlled throughout the year by the director. 
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