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REGISTERED NUMBER: 03841299 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Pete Smith Site Services Ltd

Pete Smith Site Services Ltd (Registered number: 03841299)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Pete Smith Site Services Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: S T Day
R T Day





REGISTERED OFFICE: Charnwood Accountants
The Point, Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ





REGISTERED NUMBER: 03841299 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

Pete Smith Site Services Ltd (Registered number: 03841299)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 98,673 38,754

CURRENT ASSETS
Debtors 5 366,233 166,515
Cash at bank 57,589 28,348
423,822 194,863
CREDITORS
Amounts falling due within one year 6 351,621 123,419
NET CURRENT ASSETS 72,201 71,444
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,874

110,198

CREDITORS
Amounts falling due after more than one year 7 (33,993 ) -

PROVISIONS FOR LIABILITIES (19,714 ) (7,363 )
NET ASSETS 117,167 102,835

CAPITAL AND RESERVES
Called up share capital 8 2 2
Capital redemption reserve 2 2
Retained earnings 117,163 102,831
SHAREHOLDERS' FUNDS 117,167 102,835

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

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

Pete Smith Site Services Ltd (Registered number: 03841299)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by:





S T Day - Director


Pete Smith Site Services Ltd (Registered number: 03841299)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Pete Smith Site Services 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pete Smith Site Services Ltd (Registered number: 03841299)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

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 5 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 101,980 37,843 6,309 146,132
Additions 82,250 - 690 82,940
Disposals (44,500 ) - - (44,500 )
At 31 October 2023 139,730 37,843 6,999 184,572
DEPRECIATION
At 1 November 2022 68,939 32,893 5,546 107,378
Charge for year 9,705 1,238 356 11,299
Eliminated on disposal (32,778 ) - - (32,778 )
At 31 October 2023 45,866 34,131 5,902 85,899
NET BOOK VALUE
At 31 October 2023 93,864 3,712 1,097 98,673
At 31 October 2022 33,041 4,950 763 38,754

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 82,250
At 31 October 2023 82,250
DEPRECIATION
Charge for year 5,674
At 31 October 2023 5,674
NET BOOK VALUE
At 31 October 2023 76,576

Pete Smith Site Services Ltd (Registered number: 03841299)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 331,164 152,146
Other debtors 35,069 14,369
366,233 166,515

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 17,895 3,620
Trade creditors 256,600 73,767
Taxation and social security 17,813 19,646
Other creditors 59,313 26,386
351,621 123,419

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 33,993 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
200 Ordinary 0.01 2 2

During the year the ordinary shares have been reclassified into the following share holdings:

Share20232022
Ordinary200
Ordinary A140
Ordinary B10
Ordinary C10
Ordinary D10
Ordinary E10
Ordinary F10
Ordinary G10

9. ULTIMATE CONTROLLING PARTY

The controlling party is S T Day.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Pete Smith Site Services Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pete Smith Site Services Ltd for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Pete Smith Site Services Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pete Smith Site Services Ltd and state those matters that we have agreed to state to the Board of Directors of Pete Smith Site Services Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pete Smith Site Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pete Smith Site Services Ltd. You consider that Pete Smith Site Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pete Smith Site Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


Date: .............................................