Penge Ltd - Filleted accounts

Penge Ltd
Registered number:		05379626
Balance Sheet
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	4		28,367			61,563

Current assets
Stocks		18,274			17,941
Debtors	5	157,328			151,202
Cash at bank and in hand		241,150			237,959
		416,752			407,102

Creditors: amounts falling due within one year	6	(171,251)			(189,213)

Net current assets			245,501			217,889

Total assets less current liabilities			273,868			279,452


Provisions for liabilities			(6,843)			(31,660)


Net assets			267,025			247,792

Capital and reserves
Called up share capital			120			120
Profit and loss account			266,905			247,672

Shareholders' funds			267,025			247,792

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr P Patel
Director
Approved by the board on 28 October 2026

Penge Ltd
Notes to the Accounts
for the year ended 28 February 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	20% straight line
	Motor vehicles	25% straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			6		6


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 March 2025					215,000
	At 28 February 2026					215,000

	Amortisation
	At 1 March 2025					215,000
	At 28 February 2026					215,000

	Net book value
	At 28 February 2026					-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 March 2025	324,364		11,000		335,364
	At 28 February 2026	324,364		11,000		335,364

	Depreciation
	At 1 March 2025	273,776		25		273,801
	Charge for the year	30,446		2,750		33,196
	At 28 February 2026	304,222		2,775		306,997

	Net book value
	At 28 February 2026	20,142		8,225		28,367
	At 28 February 2025	50,588		10,975		61,563


5	Debtors			2026		2025
£					£

	Trade debtors			25,583		25,362
	Amounts owed by Associated undertakings			57,219		59,660
	Other debtors			74,526		66,180
				157,328		151,202


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			10,317		25,666
	Trade creditors			49,112		56,193
	Corporation tax			35,799		37,728
	Other taxes and social security costs			6,422		3,644
	Other creditors			69,601		65,982
				171,251		189,213


7	Related party transactions

	Debtors include £57,219 owed by a company under common ownership


8	Other information

	Penge Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	191 High Street
	Penge SE20 7PF