PENNY WARNER LIMITED - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 08119906 (England and Wales)

Abridged Financial Statements for the Year Ended 31 July 2022

for

PENNY WARNER LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms P Warner

SECRETARY:

REGISTERED OFFICE:

Unit 3 Stanley Court

Shearway Business Park

Shearway Road

Folkestone

Kent

CT19 4FJ

REGISTERED NUMBER:

08119906 (England and Wales)

ACCOUNTANTS:

Ashbourne Self-Assessment Services Ltd

Unit 3 Stanley Court

Shearway Business Park

Shearway Road

Folkestone

Kent

CT19 4FJ

FIXED ASSETS

Tangible assets

4

1,047

1,594

CURRENT ASSETS

Debtors

2,500

5,799

Cash at bank

13,274

45,326

15,774

51,125

CREDITORS

Amounts falling due within one year

10,368

36,811

NET CURRENT ASSETS

5,406

14,314

TOTAL ASSETS LESS CURRENT LIABILITIES

6,453

15,908

PROVISIONS FOR LIABILITIES

6

199

303

NET ASSETS

6,254

15,605

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

8

6,253

15,604

SHAREHOLDERS' FUNDS

6,254

15,605

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 27 April 2023 and were signed by:

Ms P Warner - Director

1.	STATUTORY INFORMATION

PENNY WARNER 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.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2021

and 31 July 2022

5,363

DEPRECIATION

At 1 August 2021

3,769

Charge for year

547

At 31 July 2022

4,316

NET BOOK VALUE

At 31 July 2022

1,047

At 31 July 2021

1,594

5.

LOANS

An analysis of the maturity of loans is given below:

31.7.22

31.7.21

£

£

Amounts falling due within one year or on demand:

Bank loans

-

17,675

6.	PROVISIONS FOR LIABILITIES

31.7.22

31.7.21

£

£

Deferred tax

199

303

Deferred

tax

£

Balance at 1 August 2021

303

Utilised during year

(104

)

Balance at 31 July 2022

199

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.22

31.7.21

value:

£

£

1

Ordinary

£1

1

1

8.

RESERVES

Retained

earnings

£

At 1 August 2021

15,604

Deficit for the year

(5,351

)

Dividends

(4,000

)

At 31 July 2022

6,253