Penhir Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 11443325 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2023

for

Penhir Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S M Elliott

SECRETARY:

S M Elliott

REGISTERED OFFICE:

7 Montfort College

Botley Road

Romsey

United Kingdom

SO51 5PL

REGISTERED NUMBER:

11443325 (England and Wales)

ACCOUNTANTS:

Blue Sky Accounting Ltd

136 Wedmore Park

Southdown

Bath

BA2 1LA

FIXED ASSETS

Tangible assets

4

1,229

1,639

CURRENT ASSETS

Debtors

5

-

600

Cash at bank

13,562

23,413

13,562

24,013

CREDITORS

Amounts falling due within one year

6

877

913

NET CURRENT ASSETS

12,685

23,100

TOTAL ASSETS LESS CURRENT LIABILITIES

13,914

24,739

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

13,913

24,738

SHAREHOLDERS' FUNDS

13,914

24,739

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 23 September 2023 and were signed by:

S M Elliott - Director

1.	STATUTORY INFORMATION

Penhir 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.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 August 2022

and 31 July 2023

1,950

554

2,504

DEPRECIATION

At 1 August 2022

487

378

865

Charge for year

366

44

410

At 31 July 2023

853

422

1,275

NET BOOK VALUE

At 31 July 2023

1,097

132

1,229

At 31 July 2022

1,463

176

1,639

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.7.22

£

£

Trade debtors

-

600

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.7.22

£

£

Directors' loan accounts

522

577

Accruals and deferred income

355

336

877

913

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.23

31.7.22

value:

£

£

1

Ordinary

£1

1

1

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 (2022 - £10,000) were paid to the director .