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REGISTERED NUMBER: 08293340 (England and Wales)












H H PEDDER & SON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






H H PEDDER & SON LIMITED (REGISTERED NUMBER: 08293340)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H H PEDDER & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







Directors: Mr R Pedder
Mr I Pedder
Mrs G Pedder



Registered office: Dalton House
9 Dalton Square
LANCASTER
LA1 1WD



Business address: Robin Hill
Snape Wood Lane
Cabus
PRESTON
PR3 0JP



Registered number: 08293340 (England and Wales)



Accountants: Scott & Wilkinson
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD



Bankers: HSBC Bank Plc
56 High Street
Garstang
PRESTON
PR3 1HY

H H PEDDER & SON LIMITED (REGISTERED NUMBER: 08293340)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 199,875 220,375
Tangible assets 5 141,343 143,160
341,218 363,535

Current assets
Stocks 3,000 2,000
Debtors 6 95,067 125,635
Prepayments and accrued income 1,093 934
Cash at bank 228,018 219,624
327,178 348,193
Creditors
Amounts falling due within one year 7 364,431 451,876
Net current liabilities (37,253 ) (103,683 )
Total assets less current liabilities 303,965 259,852

Provisions for liabilities 10,921 10,887
Net assets 293,044 248,965

Capital and reserves
Called up share capital 90 90
Capital redemption reserve 10 10
Retained earnings 292,944 248,865
8 293,044 248,965

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

H H PEDDER & SON LIMITED (REGISTERED NUMBER: 08293340)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 25 November 2023 and were signed on its behalf by:





Mrs G Pedder - Director


H H PEDDER & SON LIMITED (REGISTERED NUMBER: 08293340)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. Statutory information

H H Pedder & Son 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 and represents amounts receivable, for goods and services provided in the normal course of business, net of discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at a point in time when a performance obligation is satisfied by transferring a good or service to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty 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.
Land and buildings - 2% Straight line
Plant and machinery etc - 25% Straight line and 20% Reducing balance

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


H H PEDDER & SON LIMITED (REGISTERED NUMBER: 08293340)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


2. Accounting policies - continued
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.

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 4 (2022 - 4 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 March 2022
and 28 February 2023 410,000
Amortisation
At 1 March 2022 189,625
Charge for year 20,500
At 28 February 2023 210,125
Net book value
At 28 February 2023 199,875
At 28 February 2022 220,375

H H PEDDER & SON LIMITED (REGISTERED NUMBER: 08293340)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


5. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 March 2022 139,293 62,280 201,573
Additions - 8,440 8,440
Disposals - (3,565 ) (3,565 )
At 28 February 2023 139,293 67,155 206,448
Depreciation
At 1 March 2022 18,982 39,431 58,413
Charge for year 2,788 5,280 8,068
Eliminated on disposal - (1,376 ) (1,376 )
At 28 February 2023 21,770 43,335 65,105
Net book value
At 28 February 2023 117,523 23,820 141,343
At 28 February 2022 120,311 22,849 143,160

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 95,067 125,635

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 31,962 42,542
Taxation and social security 60,239 54,638
Other creditors 272,230 354,696
364,431 451,876

8. Reconciliation of movements in reserves
2023 2022
£    £   
Profit for the financial year 138,782 112,634
Dividends (94,703 ) (94,925 )
Net addition to reserves 44,079 17,709
Opening reserves 248,965 231,256
Closing reserves 293,044 248,965