Penguin PR Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08029145 (England and Wales)

Financial Statements for the Period 1 May 2016 to 31 March 2017

for

Penguin PR Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S Hindmarch

S Burch

SECRETARY:

REGISTERED OFFICE:

Office 8

Derby West Business Centre

Ashbourne Road

Derby

Derbyshire

DE22 4NB

REGISTERED NUMBER:

08029145 (England and Wales)

ACCOUNTANTS:

Easy Accounts Limited

Unit 6

Heritage Business Centre

Belper

Derbyshire

DE56 1SW

FIXED ASSETS

Intangible assets

4

9,659

19,318

Tangible assets

5

211

281

9,870

19,599

CURRENT ASSETS

Debtors

6

27,278

13,024

Cash at bank and in hand

15,000

14,938

42,278

27,962

CREDITORS

Amounts falling due within one year

7

25,536

23,279

NET CURRENT ASSETS

16,742

4,683

TOTAL ASSETS LESS CURRENT LIABILITIES

26,612

24,282

CREDITORS

Amounts falling due after more than one year

8

20,000

20,000

NET ASSETS

6,612

4,282

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

6,610

4,280

SHAREHOLDERS' FUNDS

6,612

4,282

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 29 December 2017 and were signed on its behalf by:

Mrs S Hindmarch - Director

1.	STATUTORY INFORMATION

Penguin PR Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

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.

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 etc

-

25% on cost

Taxation

Taxation for the period 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2016

and 31 March 2017

48,295

AMORTISATION

At 1 May 2016

28,977

Charge for period

9,659

At 31 March 2017

38,636

NET BOOK VALUE

At 31 March 2017

9,659

At 30 April 2016

19,318

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2016

and 31 March 2017

701

DEPRECIATION

At 1 May 2016

420

Charge for period

70

At 31 March 2017

490

NET BOOK VALUE

At 31 March 2017

211

At 30 April 2016

281

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

30.4.16

£

£

Trade debtors

27,278

13,024

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

30.4.16

£

£

Trade creditors

3,480

131

Tax

6,850

6,895

Social security and other taxes

57

928

VAT

8,044

4,711

Directors' loan accounts

6,535

10,289

Accrued expenses

570

325

25,536

23,279

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

30.4.16

£

£

Directors' loan accounts

20,000

20,000

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 March 2017 and the year

ended 30 April 2016:

31.3.17

30.4.16

£

£

S Burch and Mrs S Hindmarch

Balance outstanding at start of period

10,289

15,289

Amounts advanced

1,777

-

Amounts repaid

(5,531

)

(5,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

6,535

10,289

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs S Hindmarch.