Company Registration Number 00493585 (England and Wales)
F PENNINGTON & SON LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2019
PAGES FOR FILING WITH REGISTRAR
F PENNINGTON & SON LIMITED
BALANCE SHEET
AS AT
5 APRIL 2019
05 April 2019
- 1 -
2019
2018
£
£
£
£
Fixed assets
1,425,195
1,424,583
Current assets
194,264
364,096
Creditors: amounts falling due within one year
(70,031)
(101,881)
Net current assets
124,233
262,215
Total assets less current liabilities
1,549,428
1,686,798
Accruals and deferred income
(474)
(1,726)
Net assets
1,548,954
1,685,072
Capital and reserves
1,548,954
1,685,072
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees
The company made the following loans and advances to directors:
Advances to Directors
During the year £108,460 (2018: £56,803) was advanced to directors and £81,812 (2018: £27,332) was subsequently repaid. The balance owed by the directors at 5 April 2019 was £57,606 (2018: £29,506). This loan has interest of 2.5% per annum charged on outstanding balances above £10,000 and has no repayment terms. The total interest applied on the loan in the year to 5 April 2019 was £1,452 (2018: £35).
2
Employees
The average number of persons
,
including directors
,
employed by the company during the year wa
s as follows:
2019
2018
Number
Number
Employees
3
3
F PENNINGTON & SON LIMITED
BALANCE SHEET (CONTINUED)
AS AT
5 APRIL 2019
05 April 2019
- 2 -
F Pennington & Son Limited is a private company limited by shares incorporated in England and Wales. The registered office is Leeward House, Fitzroy Road, Exeter Business Park, EXETER, Devon, EX1 3LJ.
For the year ended 5 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 2 December 2019 and are signed on its behalf by:
Mrs B J Pennington
Mr F T Pennington
Director
Director
Company Registration Number 00493585