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REGISTERED NUMBER: 03943281 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

A. PETTIFOR AND SON LIMITED

A. PETTIFOR AND SON LIMITED (REGISTERED NUMBER: 03943281)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A. PETTIFOR AND SON LIMITED

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: M K Pettifor
Mrs A M Pettifor





SECRETARY: Mrs A M Pettifor





REGISTERED OFFICE: Berkswell Road
Meriden
Coventry
West Midlands
CV7 7LB





REGISTERED NUMBER: 03943281 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

A. PETTIFOR AND SON LIMITED (REGISTERED NUMBER: 03943281)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 630,279 608,888
630,279 608,888

CURRENT ASSETS
Stocks 5,792 4,457
Debtors 6 189,151 241,158
Cash at bank and in hand 205,781 78,210
400,724 323,825
CREDITORS
Amounts falling due within one year 7 284,178 261,959
NET CURRENT ASSETS 116,546 61,866
TOTAL ASSETS LESS CURRENT
LIABILITIES

746,825

670,754

CREDITORS
Amounts falling due after more than one
year

8

(179,642

)

(139,799

)

PROVISIONS FOR LIABILITIES (122,599 ) (89,111 )
NET ASSETS 444,584 441,844

CAPITAL AND RESERVES
Called up share capital 11 740 740
Retained earnings 443,844 441,104
SHAREHOLDERS' FUNDS 444,584 441,844

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

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

A. PETTIFOR AND SON LIMITED (REGISTERED NUMBER: 03943281)

BALANCE SHEET - continued
31 March 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 13 November 2023 and were signed on its behalf by:





M K Pettifor - Director


A. PETTIFOR AND SON LIMITED (REGISTERED NUMBER: 03943281)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

A. Pettifor and 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of ten 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.
Freehold property - at varying rates on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

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.

A. PETTIFOR AND SON LIMITED (REGISTERED NUMBER: 03943281)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 12 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 125,000
AMORTISATION
At 1 April 2022
and 31 March 2023 125,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2022 187,179 169,180 150,608
Additions - 7,137 -
Disposals - - -
At 31 March 2023 187,179 176,317 150,608
DEPRECIATION
At 1 April 2022 47,296 137,568 141,115
Charge for year - 6,916 1,899
Eliminated on disposal - - -
At 31 March 2023 47,296 144,484 143,014
NET BOOK VALUE
At 31 March 2023 139,883 31,833 7,594
At 31 March 2022 139,883 31,612 9,493

A. PETTIFOR AND SON LIMITED (REGISTERED NUMBER: 03943281)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 996,915 12,514 1,516,396
Additions 193,650 - 200,787
Disposals (322,659 ) - (322,659 )
At 31 March 2023 867,906 12,514 1,394,524
DEPRECIATION
At 1 April 2022 570,557 10,972 907,508
Charge for year 99,918 509 109,242
Eliminated on disposal (252,505 ) - (252,505 )
At 31 March 2023 417,970 11,481 764,245
NET BOOK VALUE
At 31 March 2023 449,936 1,033 630,279
At 31 March 2022 426,358 1,542 608,888

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 185,712 240,039
Tax - (1 )
Prepayments 3,439 1,120
189,151 241,158

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,900 9,606
Hire purchase contracts (see note 9) 102,782 100,004
Trade creditors 119,026 67,974
Social security and other taxes 45,579 64,750
Other creditors 420 120
Directors' current accounts 608 132
Accrued expenses 5,863 19,373
284,178 261,959

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,100 9,849
Bank loans - 2-5 years 16,459 26,609
Hire purchase contracts (see note 9) 153,083 103,341
179,642 139,799

A. PETTIFOR AND SON LIMITED (REGISTERED NUMBER: 03943281)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 102,782 100,004
Between one and five years 153,083 103,341
255,865 203,345

Non-cancellable operating leases
2023 2022
£    £   
Between one and five years 83,921 114,438

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 255,865 203,345

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
740 Ordinary £1 740 740