REGISTERED NUMBER: 02278602 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Penk Insurance Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Thomas Edward Jenkinson

Mr Martin Jenkinson

Mrs Mandy Jenkinson

Mrs Helen Elizabeth Jenkinson Wall

Minority Venture Partners 8 Limited

Mr Andrew Paul Roden

REGISTERED OFFICE:

Unit 2

Chatsworth Technology Park, Dunston Road

Whittington Moor

Chesterfield

Derbyshire

S41 8XA

REGISTERED NUMBER:

02278602 (England and Wales)

FIXED ASSETS

Intangible assets

4

1,114

1,430

Tangible assets

5

77,629

88,538

78,743

89,968

CURRENT ASSETS

Debtors

6

110,294

56,485

Cash at bank

7

216,024

221,042

326,318

277,527

CREDITORS

Amounts falling due within one year

8

314,785

277,343

NET CURRENT ASSETS

11,533

184

TOTAL ASSETS LESS CURRENT LIABILITIES

90,276

90,152

PROVISIONS FOR LIABILITIES

9,188

10,925

NET ASSETS

81,088

79,227

CAPITAL AND RESERVES

Called up share capital

8

8

Capital redemption reserve

20

20

Retained earnings

81,060

79,199

81,088

79,227

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

Mr Martin Jenkinson - Director

1.	STATUTORY INFORMATION

Penk Insurance Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

10% on cost

Plant and machinery etc

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company makes employer pension contributions to employee pensions that comply with auto enrolment legislation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

3,960

Additions

1,067

At 31 March 2025

5,027

AMORTISATION

At 1 April 2024

2,530

Charge for year

1,383

At 31 March 2025

3,913

NET BOOK VALUE

At 31 March 2025

1,114

At 31 March 2024

1,430

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

53,938

149,483

203,421

Additions

-

923

923

At 31 March 2025

53,938

150,406

204,344

DEPRECIATION

At 1 April 2024

7,668

107,215

114,883

Charge for year

5,394

6,438

11,832

At 31 March 2025

13,062

113,653

126,715

NET BOOK VALUE

At 31 March 2025

40,876

36,753

77,629

At 31 March 2024

46,270

42,268

88,538

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

105,703

47,479

Other debtors

4,591

9,006

110,294

56,485

7.	CASH AT BANK

2025

2024

£

£

Office account

58,076

18,338

Client account

Monies held on behalf of third

parties

153,504

183,801

Bank deposit account

4,444

18,903

216,024

221,042

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

217,937

181,872

Amounts owed to group undertakings

41,985

-

Taxation and social security

25,564

37,627

Other creditors

29,299

57,844

314,785

277,343

9.	OTHER FINANCIAL COMMITMENTS

At 31st March 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £72,953, (2024: £82,680).

10.	RELATED PARTY DISCLOSURES

Jenkinson & Co Limited

A company owned 50.125% by Jenkinson & Co (Holdings) Limited

Monies were loaned from this company on an interest free basis. The balance owing and reflected in current liabilities at 31st March 2025: £41,985, (2024: £Nil).

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Jenkinson & Co (Holdings) Limited (Parent Company).

The ultimate controlling party is Mr Martin Jenkinson.