REGISTERED NUMBER: 06755074 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

DEREK PYE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Pye

Mrs R J Pye

REGISTERED OFFICE:

Crook's Heights Farm

Bury Lane

Withnell

Chorley

Lancashire

PR6 8SN

REGISTERED NUMBER:

06755074 (England and Wales)

ACCOUNTANTS:

Hunter Healey Limited

Abacus House

450 Warrington Road

Culcheth

Warrington

Cheshire

WA3 5QX

FIXED ASSETS

Tangible assets

4

65,443

50,543

CURRENT ASSETS

Debtors

5

23,705

11,480

Cash at bank and in hand

171,842

131,584

195,547

143,064

CREDITORS

Amounts falling due within one year

6

50,082

27,893

NET CURRENT ASSETS

145,465

115,171

TOTAL ASSETS LESS CURRENT LIABILITIES

210,908

165,714

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

210,808

165,614

SHAREHOLDERS' FUNDS

210,908

165,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd October 2023 and were signed on its behalf by:

Mrs R J Pye - Director

1.	STATUTORY INFORMATION

Derek Pye Limited 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.

Fixtures and fittings

-

20% on reducing balance

Aircraft

-

10% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

Aircraft

Totals

£

£

£

COST

At 1st April 2022

28,436

48,543

76,979

Additions

9,299

58,357

67,656

Disposals

-

(48,543

)

(48,543

)

At 31st March 2023

37,735

58,357

96,092

DEPRECIATION

At 1st April 2022

21,582

4,854

26,436

Charge for year

3,231

5,836

9,067

Eliminated on disposal

-

(4,854

)

(4,854

)

At 31st March 2023

24,813

5,836

30,649

NET BOOK VALUE

At 31st March 2023

12,922

52,521

65,443

At 31st March 2022

6,854

43,689

50,543

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

23,705

11,480

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

(56

)

1,546

Taxation and social security

41,138

2,762

Other creditors

9,000

23,585

50,082

27,893