Pennington Silver Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06360558

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		2		165

			2		165
CURRENT ASSETS
Stocks	6	1,200		1,200
Debtors	7	36,183		32,010
Cash at bank and in hand		114,018		140,957

		151,401		174,167
Creditors: Amounts Falling Due Within One Year	8	(66,314 )		(89,497 )

NET CURRENT ASSETS (LIABILITIES)			85,087		84,670

TOTAL ASSETS LESS CURRENT LIABILITIES			85,089		84,835

NET ASSETS			85,089		84,835

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			84,989		84,735

SHAREHOLDERS' FUNDS			85,089		84,835

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Pennington Silver Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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 Philip Silver

Director

23/06/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Pennington Silver Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06360558 . The registered office is 30 Union Street, Southport, Merseyside, PR9 0QE.

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 rendering of services.

Rendering of services

Turnover from the rendering of services is recognised monthly, quarterly or once work has been completed depending on the size of the client and amount of work that is to be undertaken.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It has been amortised over its estimated economic life.

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:

Plant & Machinery	25% on cost
Computer Equipment	25% on cost

2.5. Stocks and Work in Progress

Work in progress is an estimate for work that has been completed but not invoiced at the balance sheet date.

2.6. Taxation

The corporation tax expense represents the sum of the tax currently payable.

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 tax for the year is recognised in profit or loss.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2025: 4)

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Pennington Silver Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	240,000

As at 31 March 2026	240,000

Amortisation
As at 1 April 2025	240,000

As at 31 March 2026	240,000

Net Book Value
As at 31 March 2026	-

As at 1 April 2025	-

5. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2025	3,016	7,554	10,570

As at 31 March 2026	3,016	7,554	10,570

Depreciation
As at 1 April 2025	2,852	7,553	10,405
Provided during the period	163	-	163

As at 31 March 2026	3,015	7,553	10,568

Net Book Value
As at 31 March 2026	1	1	2

As at 1 April 2025	164	1	165

6. Stocks

	2026	2025
	£	£
Work in progress	1,200	1,200

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	29,684	30,633
Other debtors	6,499	1,377

	36,183	32,010

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Pennington Silver Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	806	531
Other creditors	41,235	59,861
Taxation and social security	24,273	29,105

	66,314	89,497

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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