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REGISTERED NUMBER: 01584676 (England and Wales)















R.L. Petchey Limited

Unaudited Financial Statements

for the Year Ended 31st March 2023






R.L. Petchey Limited (Registered number: 01584676)






Contents of the Financial Statements
for the year ended 31st March 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


R.L. Petchey Limited

Company Information
for the year ended 31st March 2023







DIRECTORS: Mrs S A Petchey
R L Petchey
R W Petchey





SECRETARY: Mrs S A Petchey





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
NN1 4EP





BUSINESS ADDRESS: The Glass Centre
204 St Albans Road
St Albans
Hertfordshire
WD24 4AS





REGISTERED NUMBER: 01584676 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

R.L. Petchey Limited (Registered number: 01584676)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 866,248 872,570

CURRENT ASSETS
Debtors 5 11,085 201,626
Cash at bank 176,992 211,902
188,077 413,528
CREDITORS
Amounts falling due within one year 6 156,302 218,614
NET CURRENT ASSETS 31,775 194,914
TOTAL ASSETS LESS CURRENT
LIABILITIES

898,023

1,067,484

CREDITORS
Amounts falling due after more than one year 7 (83,416 ) (92,666 )

PROVISIONS FOR LIABILITIES 8 (163,570 ) (151,470 )
NET ASSETS 651,037 823,348

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 566,642 566,642
Retained earnings 84,295 256,606
SHAREHOLDERS' FUNDS 651,037 823,348

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.

R.L. Petchey Limited (Registered number: 01584676)

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

The financial statements were approved by the Board of Directors and authorised for issue on 13th December 2023 and were signed on its behalf by:





R L Petchey - Director


R.L. Petchey Limited (Registered number: 01584676)

Notes to the Financial Statements
for the year ended 31st March 2023

1. STATUTORY INFORMATION

R.L. Petchey 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

R.L. Petchey Limited (Registered number: 01584676)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st April 2022 802,468 45,961 17,347 154,970 1,020,746
Additions - 33,183 - - 33,183
At 31st March 2023 802,468 79,144 17,347 154,970 1,053,929
DEPRECIATION
At 1st April 2022 - 45,961 13,199 89,016 148,176
Charge for year - 8,428 1,037 30,040 39,505
At 31st March 2023 - 54,389 14,236 119,056 187,681
NET BOOK VALUE
At 31st March 2023 802,468 24,755 3,111 35,914 866,248
At 31st March 2022 802,468 - 4,148 65,954 872,570

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 29,047 190,682
Bad debt provision (32,961 ) -
Other debtors - 9,277
VAT 14,999 -
Prepayments and accrued income - 1,667
11,085 201,626

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,943 8,943
Hire purchase contracts 2,927 2,927
Trade creditors 964 34,922
Tax 77,564 95,533
Social security and other taxes 1,905 86
VAT - 61,985
Other creditors 28,512 11,071
Directors' current accounts 33,487 1,147
Accrued expenses 2,000 2,000
156,302 218,614

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 78,266 85,258
Hire purchase contracts 5,150 7,408
83,416 92,666

R.L. Petchey Limited (Registered number: 01584676)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 163,570 151,470

Deferred
tax
£   
Balance at 1st April 2022 151,470
Provided during year 12,100
Balance at 31st March 2023 163,570

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Revaluation
reserve
£   
At 1st April 2022
and 31st March 2023 566,642