ACCOUNTS - Final Accounts preparation

PENNYSWORTH LIMITED - Company Information

Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-302022-10-011falsetrueNo description of principal activitytrue1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13621303 2022-10-01 2023-09-30 13621303 2021-10-01 2022-09-30 13621303 2023-09-30 13621303 2022-09-30 13621303 c:Director1 2022-10-01 2023-09-30 13621303 d:CurrentFinancialInstruments 2023-09-30 13621303 d:CurrentFinancialInstruments 2022-09-30 13621303 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 13621303 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 13621303 d:ShareCapital 2023-09-30 13621303 d:ShareCapital 2022-09-30 13621303 d:RetainedEarningsAccumulatedLosses 2023-09-30 13621303 d:RetainedEarningsAccumulatedLosses 2022-09-30 13621303 c:OrdinaryShareClass1 2022-10-01 2023-09-30 13621303 c:OrdinaryShareClass1 2023-09-30 13621303 c:OrdinaryShareClass1 2022-09-30 13621303 c:OrdinaryShareClass2 2022-10-01 2023-09-30 13621303 c:OrdinaryShareClass2 2023-09-30 13621303 c:OrdinaryShareClass2 2022-09-30 13621303 c:OrdinaryShareClass3 2022-10-01 2023-09-30 13621303 c:OrdinaryShareClass3 2023-09-30 13621303 c:OrdinaryShareClass3 2022-09-30 13621303 c:FRS102 2022-10-01 2023-09-30 13621303 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 13621303 c:FullAccounts 2022-10-01 2023-09-30 13621303 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13621303

PENNYSWORTH LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023


PENNYSWORTH LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 4


PENNYSWORTH LIMITED REGISTERED NUMBER:13621303

STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2023

		2023		2022
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	3,082		-
Cash at bank and in hand		23,032		14,517
		26,114		14,517
Creditors: amounts falling due within one year	5	(19,869)		(10,182)
Net current assets			6,245		4,335
Total assets less current liabilities			6,245		4,335

Net assets			6,245		4,335

Capital and reserves
Called up share capital	6	300	300
Profit and loss account		5,945	4,035
		6,245	4,335

Page 1


PENNYSWORTH LIMITED REGISTERED NUMBER:13621303

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 SEPTEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

P A Rose

Director

Date: 6 June 2024

The notes on pages 3 to 4 form part of these financial statements.

Page 2


PENNYSWORTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.	General information

Pennysworth Limited is a limited liability company incorporated in England and Wales with a registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, United Kingdom, WD6 1JD.

The principal activity of the company continued to be that of specialised design activities

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the period, exclusive of Value Added Tax and trade discounts.

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 3


PENNYSWORTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

Debtors

					2023	2022
					£	£


Trade debtors	3,082	-
	3,082	-

5.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

Other taxation and social security	13,492	7,749
Other creditors	3,957	233
Accruals and deferred income	2,420	2,200
	19,869	10,182

6.	Share capital
		2023	2022
		£	£

Allotted, called up and fully paid

100 (2022 - 100) Ordinary A shares of £1.00 each	100	100
100 (2022 - 100) Ordinary B shares of £1.00 each	100	100
100 (2022 - 100) Ordinary C shares of £1.00 each	100	100

	300	300

Page 4