2022-08-01 2023-07-31 09148816 PETE'S BANBURY LTD false 09148816 2022-08-01 2023-07-31 09148816 uk-bus:Director1 2022-08-01 2023-07-31 09148816 uk-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 09148816 uk-bus:SmallEntities 2022-08-01 2023-07-31 09148816 uk-bus:FullAccounts 2022-08-01 2023-07-31 09148816 uk-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09148816 2022-08-01 09148816 2023-07-31 09148816 2022-07-31 xbrli:pure iso4217:GBP 09148816 2021-08-01 2022-07-31
Company Registration Number : 09148816 (England and Wales)
09148816
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-07-31
false
PETE'S BANBURY LTD
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-08-01
PETE'S BANBURY LTD
Unaudited filleted financial statements
For the year ended 31 July 2023
PETE'S BANBURY LTD
Contents
For the year ended 31 July 2023

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


PETE'S BANBURY LTD
Company Information
For the year ended 31 July 2023

Company registration number 09148816 (England and Wales)
Director Piotr TWARDOWSKI
Registered office address Unit 16-17 Lower Cherwell Street
Banbury
Oxfordshire
United Kingdom
OX16 5AY
Accountant DNS Accountants Ltd
Chartered Management Accountants
382 Kenton Road
Harrow, Middlesex
United Kingdom
HA3 8DP
PETE'S BANBURY LTD
Statement of Financial Position
For the year ended 31 July 2023

2023 2022
Notes £ £
Fixed assets
Property, plant and equipment 92,772 73,554
5 92,772 73,554
Current assets
Inventories 15,000 20,000
Debtors 68,846 125,396
Cash and cash equivalents 172,174 63,190
256,020 208,585
Current liabilities
Creditors: Amounts falling due within one year (203,384) (146,148)
(203,384) (146,148)
Net current assets/(liabilities) 52,636 62,437
Total assets less current liabilities 145,408 135,992
Non-current liabilities
Creditors: Amounts falling due after more than one year (41,078) (48,607)
Net assets/(liabilities) 104,330 87,385
Capital and reserves
Called up share capital 100 100
Retained earnings 104,230 87,285
Shareholder's funds 104,330 87,385
For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 10 October 2023
.............................
Piotr TWARDOWSKI (Director)
Company registration number: 09148816
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-07-31 31 July 2023
2023 2022
£ £
Fixed Assets 92,772 73,554
Current Assets 256,020 205,697
Prepayments and accrued income 0 2,888
Creditors: amounts falling due within one year (203,384) (146,148)
Net current assets (liabilities) 52,636 62,437
Total assets less current liabilities 145,408 135,992
CREDITORS: Amounts falling due more than one year (41,078) (48,607)
Net Assets (liabilities) 104,330 87,385
Capital and Reserves 104,330 87,385
For the year ending 7/31/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 31-07-2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 10 October 2023 2023-10-10 and signed on behalf of the board,
.............................
Piotr TWARDOWSKI
Director
Company registration number: 09148816
PETE'S BANBURY LTD
Notes to the Financial Statements
For the year ended 31 July 2023

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Unit 16-17 Lower Cherwell Street, Banbury, Oxfordshire, United Kingdom, OX16 5AY.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Foreign currency
Transactions in foreign currencies other than its functional currency are recorded at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the year-end date are translated at the foreign exchange rate ruling at that date. Foreign exchange differences arising on translation are recognised in the income statement within financial income or expense, as appropriate. Non-monetary assets that are measured in terms of historical cost in foreign currency are translated using the exchange rate at the date of the transaction.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery25% straight line
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles20% reducing balance
Fixtures and Fittings
Equipment33% straight line
Motor Cars25% straight line
Inventories
Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases.

The company as lessee

Assets held under finance leases are initially recognised as assets of the company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in the income statement.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases,the aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis over the lease period.
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

(4) Employees
During the year, the average number of employees including director was 9 (2022 : 10).

(5) Fixed assets
Tangible

£
Cost
As at 01 August 2022220,285
Additions52,779
As at 31 July 2023273,064
Depreciation/Amortisation
As at 01 August 2022146,731
For the year33,561
As at 31 July 2023180,292
Net book value
As at 31 July 202392,772
As at 31 July 202273,554