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REGISTERED NUMBER: 02493421 (England and Wales)











PETER THOMPSON OF YORK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






PETER THOMPSON OF YORK LIMITED (REGISTERED NUMBER: 02493421)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


PETER THOMPSON OF YORK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mr C S Lewis
Mr S S Lewis
Mrs G Thompson
Mrs S E Lewis
Mr R P Thompson
Mrs V C Popely





SECRETARY: Mrs V C Popely





REGISTERED OFFICE: Green Park Business Centre
Goose Lane Eastmoor
Sutton on Forest
York
North Yorkshire
YO61 1ET





REGISTERED NUMBER: 02493421 (England and Wales)





ACCOUNTANTS: UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
YO19 5UW

PETER THOMPSON OF YORK LIMITED (REGISTERED NUMBER: 02493421)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,119 7,329

CURRENT ASSETS
Stocks 265,367 267,017
Debtors 427,668 498,247
Cash at bank 82,911 -
775,946 765,264
CREDITORS
Amounts falling due within one year 392,880 396,820
NET CURRENT ASSETS 383,066 368,444
TOTAL ASSETS LESS CURRENT LIABILITIES 392,185 375,773

PROVISIONS FOR LIABILITIES 2,280 1,833
NET ASSETS 389,905 373,940

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 387,905 371,940
SHAREHOLDERS' FUNDS 389,905 373,940

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

PETER THOMPSON OF YORK LIMITED (REGISTERED NUMBER: 02493421)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 March 2024 and were signed on its behalf by:




Mr S S Lewis - Director



Mrs V C Popely - Director


PETER THOMPSON OF YORK LIMITED (REGISTERED NUMBER: 02493421)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Peter Thompson of York 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 represents the amount derived from the provision of goods and services relating to the marketing of joinery products, after deduction of trade discounts and value added tax.

Contracted works which have been carried out to the balance sheet date, but not invoiced, have been recognised in turnover. The amount of revenue recognised in this manner reflects the accrual of the right to consideration as contract activity progresses by reference to the value of the work performed. Adjustment is made as necessary for any uncertainties as to the amount that the customer will accept and pay. Unbilled revenue is included in trade debtors.

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 - 33.3% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks and work in progress
Showroom stocks and consumable stocks are valued at the lower of cost and their estimated net realisable value.

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 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.

PETER THOMPSON OF YORK LIMITED (REGISTERED NUMBER: 02493421)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued

Leases and hire purchase contracts
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 19 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022 39,915
Additions 5,168
At 30 September 2023 45,083
DEPRECIATION
At 1 October 2022 32,586
Charge for year 3,378
At 30 September 2023 35,964
NET BOOK VALUE
At 30 September 2023 9,119
At 30 September 2022 7,329

5. OTHER FINANCIAL COMMITMENTS

The company had total operating lease commitments of £39,570 (2022: £29,432) at the balance sheet date; £15,651 (2022: £11,958) falling due within one year.

6. RELATED PARTY DISCLOSURES

Included within creditors is £80,010 (2022: £93,828) owed by the company to the directors at the year end.