REGISTERED NUMBER: 04117779 (England and Wales)

Unaudited Financial Statements

for the Period 1 August 2024 to 31 March 2025

for

Penswick Poultry Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J F Penswick

Mrs S H Penswick

SECRETARY:

Mrs S H Penswick

REGISTERED OFFICE:

Beechgrove Farm

Greenhalgh

Kirkham

Preston

Lancashire

PR4 3HE

REGISTERED NUMBER:

04117779 (England and Wales)

ACCOUNTANTS:

McDade Roberts Accountants Limited

Chartered Accountants

316 Blackpool Road

Fulwood

Preston

Lancashire

PR2 3AE

FIXED ASSETS

Tangible assets

4

563,966

544,306

CURRENT ASSETS

Stocks

1,200

1,200

Debtors

5

172,341

189,495

Cash at bank

107,778

72,808

281,319

263,503

CREDITORS

Amounts falling due within one year

6

142,032

144,061

NET CURRENT ASSETS

139,287

119,442

TOTAL ASSETS LESS CURRENT LIABILITIES

703,253

663,748

CREDITORS

Amounts falling due after more than one year

7

(8,333

)

(15,000

)

PROVISIONS FOR LIABILITIES

(37,026

)

(34,589

)

NET ASSETS

657,894

614,159

CAPITAL AND RESERVES

Called up share capital

610

610

Retained earnings

657,284

613,549

SHAREHOLDERS' FUNDS

657,894

614,159

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

The members have not required the company to obtain an audit of its financial statements for the period 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2025 and were signed on its behalf by:

Mr J F Penswick - Director

1.	STATUTORY INFORMATION

Penswick Poultry 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.

Tangible fixed assets

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

Freehold property

-

5% on cost

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Accounting years relate to the year end 31/07/24 and the 8 months ending 31/03/25.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2024

401,450

367,226

768,676

Additions

-

32,016

32,016

At 31 March 2025

401,450

399,242

800,692

DEPRECIATION

At 1 August 2024

5,128

219,242

224,370

Charge for period

427

11,929

12,356

At 31 March 2025

5,555

231,171

236,726

NET BOOK VALUE

At 31 March 2025

395,895

168,071

563,966

At 31 July 2024

396,322

147,984

544,306

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.7.24

£

£

Trade debtors

85,883

93,771

Other debtors

4,350

12,165

S455 debtor

16,290

16,290

Intercompany loan

60,000

60,000

VAT

4,844

6,250

Prepayments

974

1,019

172,341

189,495

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.7.24

£

£

Other loans

10,000

10,000

Hire purchase contracts

12,333

12,333

Trade creditors

72,946

78,694

Tax

24,872

18,169

Directors' loan accounts

14,839

13,339

Accrued expenses

7,042

11,526

142,032

144,061

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.7.24

£

£

Other loans - 1-2 years

8,333

10,000

Other loans - 2-5 years

-

5,000

8,333

15,000

8.	SECURED DEBTS

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from National Westminster Bank PLC in the year.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 March 2025 and the year ended 31 July 2024:

31.3.25

31.7.24

£

£

Mr J F Penswick and Mrs S H Penswick

Balance outstanding at start of period

(13,339

)

48,269

Amounts advanced

-

1,392

Amounts repaid

(1,500

)

(63,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(14,839

)

(13,339

)

The directors loan is an interest free loan and is repayable upon demand.