Company Registration No. 13540913 (England and Wales)
One Penny Ltd
Unaudited accounts
for the year ended 31 July 2025
One Penny Ltd
Unaudited accounts
Contents
One Penny Ltd
Company Information
for the year ended 31 July 2025
Director
Laura Elizabeth Constantinou
Company Number
13540913 (England and Wales)
Registered Office
12 Queen Street
Kendal
Cumbria
LA9 4LF
England
Accountants
Pearl Accounting Limited
Suite 1
116 Ballards Lane
Finchley
London
N3 2DN
One Penny Ltd
Statement of financial position
as at 31 July 2025
Cash at bank and in hand
5,277
5,522
Creditors: amounts falling due within one year
(7,305)
(9,671)
Net current liabilities
(2,028)
(53)
Net (liabilities)/assets
(1,421)
757
Called up share capital
4
4
Profit and loss account
(1,425)
753
Shareholders' funds
(1,421)
757
For the year ending 31 July 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 her 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 28 July 2026 and were signed on its behalf by
Laura Elizabeth Constantinou
Director
Company Registration No. 13540913
One Penny Ltd
Notes to the Accounts
for the year ended 31 July 2025
One Penny Ltd is a private company, limited by shares, registered in England and Wales, registration number 13540913. The registered office is 12 Queen Street, Kendal, Cumbria, LA9 4LF, England.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25% straight line
Computer equipment
25% straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2024
290
1,150
1,440
At 31 July 2025
290
1,150
1,440
At 1 August 2024
127
503
630
Charge for the year
41
162
203
At 31 July 2025
168
665
833
At 31 July 2025
122
485
607
At 31 July 2024
163
647
810
One Penny Ltd
Notes to the Accounts
for the year ended 31 July 2025
Amounts falling due after more than one year
Accrued income and prepayments
-
3,000
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
478
58
Loans from directors
6,452
9,238
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4
4
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).