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REGISTERED NUMBER: 11101575 (England and Wales)











Unaudited Financial Statements

for the Year Ended

31 December 2020

for

PETE WHITEHEAD TC LTD

PETE WHITEHEAD TC LTD (Registered number: 11101575)






Contents of the Financial Statements
for the Year Ended 31 December 2020




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PETE WHITEHEAD TC LTD

Company Information
for the Year Ended 31 December 2020







DIRECTORS: P Whitehead
Mrs S A Whitehead





REGISTERED OFFICE: 56 Bye Road
Ramsbottom
Bury
Lancashire
BL0 0HH





REGISTERED NUMBER: 11101575 (England and Wales)





ACCOUNTANTS: Mosley & Co
14 Market Place
Ramsbottom
Bury
Lancashire
BL0 9HT

PETE WHITEHEAD TC LTD (Registered number: 11101575)

Statement of Financial Position
31 December 2020

31.12.20 31.12.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 123 164

CURRENT ASSETS
Debtors 5 82,124 57,822
Cash at bank 782 437
82,906 58,259
CREDITORS
Amounts falling due within one year 6 42,526 30,077
NET CURRENT ASSETS 40,380 28,182
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,503

28,346

CREDITORS
Amounts falling due after more than
one year

7

8,667

-
NET ASSETS 31,836 28,346

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 29,980 29,980
Retained earnings 1,756 (1,734 )
SHAREHOLDERS' FUNDS 31,836 28,346

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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.

PETE WHITEHEAD TC LTD (Registered number: 11101575)

Statement of Financial Position - continued
31 December 2020


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 Board of Directors and authorised for issue on 5 September 2022 and were signed on its behalf by:





P Whitehead - Director


PETE WHITEHEAD TC LTD (Registered number: 11101575)

Notes to the Financial Statements
for the Year Ended 31 December 2020

1. STATUTORY INFORMATION

PETE WHITEHEAD TC 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 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 etc - 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2019 - 1 ) .

PETE WHITEHEAD TC LTD (Registered number: 11101575)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2020

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2020
and 31 December 2020 293
DEPRECIATION
At 1 January 2020 129
Charge for year 41
At 31 December 2020 170
NET BOOK VALUE
At 31 December 2020 123
At 31 December 2019 164

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£    £   
Trade debtors 977 3,228
Other debtors 81,147 54,594
82,124 57,822

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£    £   
Bank loans and overdrafts 1,333 -
Trade creditors 1 -
Taxation and social security 38,942 28,577
Other creditors 2,250 1,500
42,526 30,077

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.20 31.12.19
£    £   
Bank loans 8,667 -

PETE WHITEHEAD TC LTD (Registered number: 11101575)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2020

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2020 and 31 December 2019:

31.12.20 31.12.19
£    £   
P Whitehead
Balance outstanding at start of year 27,069 19,823
Amounts advanced 20,551 25,785
Amounts repaid (6,440 ) (18,539 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 41,180 27,069

Mrs S A Whitehead
Balance outstanding at start of year 14,164 9,350
Amounts advanced 5,898 9,314
Amounts repaid - (4,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,062 14,164