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Company Registration No. SC714097 (Scotland)
Penny-licks Ltd Unaudited accounts for the year ended 30 November 2025
Penny-licks Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Penny-licks Ltd Company Information for the year ended 30 November 2025
Director
Stephen Sloper
Company Number
SC714097 (Scotland)
Registered Office
The Gardens Airth Castle Estate Airth Falkirk Stirlingshire FK2 8JF Scotland
Accountants
Thaler Limited 5 South Charlotte Street Edinburgh EH2 4AN
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Penny-licks Ltd Statement of financial position as at 30 November 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
48,295
68,041
Current assets
Inventories
10,000
-
Debtors
5
3,500
3,578
Cash at bank and in hand
29,965
19,622
43,465
23,200
Creditors: amounts falling due within one year
6
(3,275)
(4,644)
Net current assets
40,190
18,556
Total assets less current liabilities
88,485
86,597
Creditors: amounts falling due after more than one year
7
(191,688)
(191,376)
Net liabilities
(103,203)
(104,779)
Capital and reserves
Called up share capital
8
1,000
1,000
Profit and loss account
(104,203)
(105,779)
Shareholders' funds
(103,203)
(104,779)
For the year ending 30 November 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 24 August 2026 and were signed on its behalf by
Stephen Sloper Director Company Registration No. SC714097
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Penny-licks Ltd Notes to the Accounts for the year ended 30 November 2025
1
Statutory information
Penny-licks Ltd is a private company, limited by shares, registered in Scotland, registration number SC714097. The registered office is The Gardens, Airth Castle Estate, Airth, Falkirk, Stirlingshire, FK2 8JF, Scotland.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
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:
Plant & machinery
four years
Fixtures & fittings
ten years
Government grants
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.
Going concern
The financial statements have been prepared on a going concern basis. The Director has considered the Company's financial position and future cash requirements and, having regard to the continued financial support available to the Company, is satisfied that the Company will be able to meet its liabilities as they fall due.
Turnover
Turnover represents amounts receivable from the sale of ice cream, food, beverages and related goods, excluding value added tax and trade discounts. Revenue is recognised when goods are supplied to the customer.
Inventories
Inventories comprise raw materials, consumables and finished goods and are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes expenditure incurred in bringing inventories to their present location and condition.
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Penny-licks Ltd Notes to the Accounts for the year ended 30 November 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 December 2024
72,456
54,549
127,005
Additions
610
-
610
At 30 November 2025
73,066
54,549
127,615
Depreciation
At 1 December 2024
55,721
3,243
58,964
Charge for the year
14,901
5,455
20,356
At 30 November 2025
70,622
8,698
79,320
Net book value
At 30 November 2025
2,444
45,851
48,295
At 30 November 2024
16,735
51,306
68,041
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
-
78
Other debtors
3,500
3,500
3,500
3,578
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
3,517
3,929
Taxes and social security
(242)
(395)
Accruals
-
1,110
3,275
4,644
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Loans from directors
191,688
191,376
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
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Penny-licks Ltd Notes to the Accounts for the year ended 30 November 2025
9
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Stephen Sloper
Director loan
(191,376)
(312)
-
(191,688)
(191,376)
(312)
-
(191,688)
At the balance sheet date, the Company owed £191,688 (2024: £191,376) to the Director. The loan is unsecured and interest-free. The Director has confirmed that repayment will not be sought within twelve months of the date of approval of these financial statements and that financial support will continue to be provided to the Company for the foreseeable future.
10
Average number of employees
During the year the average number of employees was 7 (2024: 9).
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