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REGISTERED NUMBER: 02121635











Financial Statements

for the Year Ended 31 January 2018

for

PENNINE TROPHIES LIMITED
PENNINE TROPHIES LIMITED (REGISTERED NUMBER: 02121635)






Contents of the Financial Statements
for the Year Ended 31 January 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PENNINE TROPHIES LIMITED

Company Information
for the Year Ended 31 January 2018







DIRECTOR: J S Brown





SECRETARY: C A Brown





REGISTERED OFFICE: Brook House
Mint Street
Godalming
Surrey
GU7 1HE





REGISTERED NUMBER: 02121635





ACCOUNTANTS: Churchmill Partnership Limited
Brook House
Mint Street
Godalming
Surrey
GU7 1HE
Page 1
PENNINE TROPHIES LIMITED (REGISTERED NUMBER: 02121635)

Balance Sheet
31 January 2018

31.1.18 31.1.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 24,312 11,421

CURRENT ASSETS
Stocks 49,500 46,200
Debtors 4 10,495 11,849
Cash at bank 537 537
60,532 58,586
CREDITORS
Amounts falling due within one year 5 51,418 33,789
NET CURRENT ASSETS 9,114 24,797
TOTAL ASSETS LESS CURRENT
LIABILITIES
33,426
36,218

CREDITORS
Amounts falling due after more than one
year
6
20,000
20,000
NET ASSETS 13,426 16,218

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 12,426 15,218
SHAREHOLDERS' FUNDS 13,426 16,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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 notes form part of these financial statements

Page 2 continued...
PENNINE TROPHIES LIMITED (REGISTERED NUMBER: 02121635)

Balance Sheet - continued
31 January 2018


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 director on 7 August 2018 and were signed by:





J S Brown - Director


The notes form part of these financial statements

Page 3
PENNINE TROPHIES LIMITED (REGISTERED NUMBER: 02121635)

Notes to the Financial Statements
for the Year Ended 31 January 2018

1. STATUTORY INFORMATION

Pennine Trophies Limited is a private company, limited by shares , registered in Not specified/Other.
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 represents net invoiced sales of trophies and trophy components excluding value added tax
and are recognised in the month to which to they relate.

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
Motor vehicles - 25% on reducing balance

Stocks
Stocks of trophies and trophy components for resale are valued at the lower of cost and net realisable
value.

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.

Page 4 continued...
PENNINE TROPHIES LIMITED (REGISTERED NUMBER: 02121635)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2018

3. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2017 70,166 38,894 109,060
Additions - 27,800 27,800
Disposals - (30,754 ) (30,754 )
At 31 January 2018 70,166 35,940 106,106
DEPRECIATION
At 1 February 2017 66,347 31,292 97,639
Charge for year 764 7,154 7,918
Eliminated on disposal - (23,763 ) (23,763 )
At 31 January 2018 67,111 14,683 81,794
NET BOOK VALUE
At 31 January 2018 3,055 21,257 24,312
At 31 January 2017 3,819 7,602 11,421

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.18 31.1.17
£    £   
Trade debtors 10,495 11,849

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.18 31.1.17
£    £   
Bank loans and overdrafts 7,798 8,605
Trade creditors 8,138 6,529
Other creditors 35,482 18,655
51,418 33,789

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.18 31.1.17
£    £   
Other creditors 20,000 20,000

Page 5