Pethers Of Kew Ltd 14019545 false 2022-04-01 2023-04-30 2023-04-30 The principal activity of the company is sale of meat in specialised stores Digita Accounts Production Advanced 6.30.9574.0 true true 14019545 2022-04-01 2023-04-30 14019545 2023-04-30 14019545 bus:OrdinaryShareClass1 2023-04-30 14019545 bus:OrdinaryShareClass2 2023-04-30 14019545 bus:OrdinaryShareClass3 2023-04-30 14019545 bus:OrdinaryShareClass4 2023-04-30 14019545 bus:OrdinaryShareClass5 2023-04-30 14019545 core:CurrentFinancialInstruments 2023-04-30 14019545 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 14019545 core:Goodwill 2023-04-30 14019545 core:FurnitureFittingsToolsEquipment 2023-04-30 14019545 bus:SmallEntities 2022-04-01 2023-04-30 14019545 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-04-30 14019545 bus:FullAccounts 2022-04-01 2023-04-30 14019545 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-04-30 14019545 bus:RegisteredOffice 2022-04-01 2023-04-30 14019545 bus:Director1 2022-04-01 2023-04-30 14019545 bus:Director2 2022-04-01 2023-04-30 14019545 bus:OrdinaryShareClass1 2022-04-01 2023-04-30 14019545 bus:OrdinaryShareClass2 2022-04-01 2023-04-30 14019545 bus:OrdinaryShareClass3 2022-04-01 2023-04-30 14019545 bus:OrdinaryShareClass4 2022-04-01 2023-04-30 14019545 bus:OrdinaryShareClass5 2022-04-01 2023-04-30 14019545 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-04-30 14019545 core:Goodwill 2022-04-01 2023-04-30 14019545 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-04-30 14019545 countries:England 2022-04-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14019545

Pethers Of Kew Ltd

Unaudited Filleted Financial Statements

for the Period from 1 April 2022 to 30 April 2023

 

Pethers Of Kew Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

Pethers Of Kew Ltd

Company Information

Directors

Mrs Kathleen Mary Young

Mr Steven John Young

Registered office

Silver Rose
Unit 21 East Lodge Village
East Lodge Lane
Enfield
EN2 8AS

Accountants

Paul Winston Limited
Chartered Accountant
Silver Rose Unit 21
East Lodge Village
East Lodge Lane
Enfield
EN2 8AS

 

Pethers Of Kew Ltd

(Registration number: 14019545)
Balance Sheet as at 30 April 2023

Note

2023
£

fixed assets

 

Intangible assets

4

136,000

tangible assets

5

3,631

 

139,631

Current assets

 

Debtors

6

163

Creditors: Amounts falling due within one year

7

(139,706)

Net current liabilities

 

(139,543)

Net assets

 

88

capital and reserves

 

Called up share capital

8

23

Profit and loss account

65

Shareholders' funds

 

88

For the financial period ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 January 2024 and signed on its behalf by:
 

.........................................
Mr Steven John Young
Director

 

Pethers Of Kew Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Silver Rose
Unit 21 East Lodge Village
East Lodge Lane
Enfield
EN2 8AS
England

These financial statements were authorised for issue by the Board on 2 January 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Pethers Of Kew Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 30 April 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Pethers Of Kew Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 30 April 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3.

 

Pethers Of Kew Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 30 April 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

Additions acquired separately

170,000

170,000

At 30 April 2023

170,000

170,000

Amortisation

Amortisation charge

34,000

34,000

At 30 April 2023

34,000

34,000

Carrying amount

At 30 April 2023

136,000

136,000

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

4,837

4,837

At 30 April 2023

4,837

4,837

Depreciation

Charge for the period

1,206

1,206

At 30 April 2023

1,206

1,206

Carrying amount

At 30 April 2023

3,631

3,631

6

Debtors

Current

2023
£

Other debtors

163

7

Creditors

Creditors: amounts falling due within one year

 

Pethers Of Kew Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 30 April 2023

Note

2023
£

Due within one year

 

Bank loans and overdrafts

9

2,766

trade creditors

 

32,787

Taxation and social security

 

14,104

Other creditors

 

4,400

Directors' loan accounts

 

85,649

 

139,706

 

Pethers Of Kew Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 30 April 2023

Creditors: amounts falling due after more than one year

2023
£

8

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary S of £1 each

10

10

Ordinary K of £1 each

10

10

Ordinary R of £1 each

1

1

Ordinary J of £1 each

1

1

Ordinary A of £1 each

1

1

 

23

23

9

Loans and borrowings

2023
£

Current loans and borrowings

Bank overdrafts

2,766

10

Dividends

Interim dividends paid

   

2023
£

 

Interim dividend of £140.00 per each Ordinary S

 

1,400

 

Interim dividend of £200.00 per each Ordinary K

 

2,000

 
   

3,400

 

11

Related party transactions

 

Pethers Of Kew Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 30 April 2023

Directors' remuneration

The directors' remuneration for the period was as follows:

2023
£

Remuneration

9,880