Penrith Joinery Contractors Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 08302203

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		9,710		10,997
Tangible Assets	5		122,503		119,576

			132,213		130,573
CURRENT ASSETS
Stocks		100,000		97,375
Debtors	6	380,020		407,863
Cash at bank and in hand		8,963		44,663

		488,983		549,901
Creditors: Amounts Falling Due Within One Year	7	(336,087 )		(241,846 )

NET CURRENT ASSETS (LIABILITIES)			152,896		308,055

TOTAL ASSETS LESS CURRENT LIABILITIES			285,109		438,628

Creditors: Amounts Falling Due After More Than One Year	8		(277,332 )		(351,571 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(7,003 )		(10,584 )

NET ASSETS			774		76,473

CAPITAL AND RESERVES
Called up share capital	9		200		200
Profit and Loss Account			574		76,273

SHAREHOLDERS' FUNDS			774		76,473

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Penrith Joinery Contractors Limited

Balance Sheet (continued)

As At 30 November 2025

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 directors acknowledge their 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 Tony White

Director

19 August 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Penrith Joinery Contractors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08302203 . The registered office is Unit 4 Cooper Way, Carlisle, Cumbria, CA3 0JG.

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets relate to computer software which is amortised to the profit and loss account over its estimated economic life of 10 years.

2.4. 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:

Freehold	Not depreciated
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance

2.5. 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.

2.6. 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Penrith Joinery Contractors Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Comparatives

The directors have considered the disclosure of certain items during the year and decided it is appropriate to amend the comparatives where necessary. There has been no impact on profit as amendments have impacted disclosures only.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Intangible Assets

	Other
	£
Cost
As at 1 December 2024	12,870

As at 30 November 2025	12,870

Amortisation
As at 1 December 2024	1,873
Provided during the period	1,287

As at 30 November 2025	3,160

Net Book Value
As at 30 November 2025	9,710

As at 1 December 2024	10,997

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Penrith Joinery Contractors Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 December 2024	77,240	42,643	95,831	10,148	225,862
Additions	-	-	15,729	-	15,729

As at 30 November 2025	77,240	42,643	111,560	10,148	241,591

Depreciation
As at 1 December 2024	-	30,776	67,393	8,117	106,286
Provided during the period	-	1,781	10,715	306	12,802

As at 30 November 2025	-	32,557	78,108	8,423	119,088

Net Book Value
As at 30 November 2025	77,240	10,086	33,452	1,725	122,503

As at 1 December 2024	77,240	11,867	28,438	2,031	119,576

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	110,772	158,120
Amounts recoverable on contracts	99,500	118,575
Amounts owed by group undertakings	166,477	115,840
Other debtors	3,271	15,328

	380,020	407,863

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,293	32,038
Bank loans and overdrafts	116,340	64,474
Other creditors	180,059	80,549
Taxation and social security	38,395	64,785

	336,087	241,846

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	277,332	351,571

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Penrith Joinery Contractors Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	200	200

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