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Company Registration No. 07704321 (England and Wales)
PETERBOROUGH RECLINER CENTRE LTD Unaudited accounts for the year ended 31 August 2023
PETERBOROUGH RECLINER CENTRE LTD Unaudited accounts Contents
Page
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PETERBOROUGH RECLINER CENTRE LTD Company Information for the year ended 31 August 2023
Director
John James Patrick Prendergast-Walsh
Company Number
07704321 (England and Wales)
Registered Office
1B MANCETTER SQUARE LINCOLN ROAD PETERBOROUGH PE4 6BX
Accountants
LeeP Accountants Unit 3F Forward Hs, Aston Business Park Shrewsbury Avenue, Woodston Peterborough Cambridgeshire PE2 7EY
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of PETERBOROUGH RECLINER CENTRE LTD for the year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PETERBOROUGH RECLINER CENTRE LTD for the year ended 31 August 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of PETERBOROUGH RECLINER CENTRE LTD, as a body, in accordance with the terms of our engagement letter dated 21 February 2023. Our work has been undertaken solely to prepare for your approval the accounts of PETERBOROUGH RECLINER CENTRE LTD and state those matters that we have agreed to state to the Board of Directors of PETERBOROUGH RECLINER CENTRE LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PETERBOROUGH RECLINER CENTRE LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that PETERBOROUGH RECLINER CENTRE LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of PETERBOROUGH RECLINER CENTRE LTD. You consider that PETERBOROUGH RECLINER CENTRE 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 accounts of PETERBOROUGH RECLINER CENTRE 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 accounts.
LeeP Accountants Chartered Accountants Unit 3F Forward Hs, Aston Business Park Shrewsbury Avenue, Woodston Peterborough Cambridgeshire PE2 7EY 26 April 2024
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PETERBOROUGH RECLINER CENTRE LTD Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,991 
2,233 
Current assets
Inventories
102,030 
70,960 
Debtors
12,085 
88,927 
Cash at bank and in hand
7,788 
11,072 
121,903 
170,959 
Creditors: amounts falling due within one year
(48,743)
(83,537)
Net current assets
73,160 
87,422 
Total assets less current liabilities
76,151 
89,655 
Creditors: amounts falling due after more than one year
(17,692)
(28,251)
Provisions for liabilities
Deferred tax
(569)
(116)
Net assets
57,890 
61,288 
Capital and reserves
Called up share capital
18 
18 
Profit and loss account
57,872 
61,270 
Shareholders' funds
57,890 
61,288 
For the year ending 31 August 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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.
The financial statements were approved by the Board and authorised for issue on 26 April 2024 and were signed on its behalf by
John James Patrick Prendergast-Walsh Director Company Registration No. 07704321
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PETERBOROUGH RECLINER CENTRE LTD Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
PETERBOROUGH RECLINER CENTRE LTD is a private company, limited by shares, registered in England and Wales, registration number 07704321. The registered office is 1B MANCETTER SQUARE, LINCOLN ROAD, PETERBOROUGH, PE4 6BX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 August 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
RB 20%
Fixtures & fittings
RB 15%
Computer equipment
RB 33%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2022
2,019 
13,016 
4,532 
2,112 
21,679 
Additions
- 
- 
1,333 
- 
1,333 
At 31 August 2023
2,019 
13,016 
5,865 
2,112 
23,012 
Depreciation
At 1 September 2022
1,665 
13,016 
3,723 
1,042 
19,446 
Charge for the year
71 
- 
138 
366 
575 
At 31 August 2023
1,736 
13,016 
3,861 
1,408 
20,021 
Net book value
At 31 August 2023
283 
- 
2,004 
704 
2,991 
At 31 August 2022
354 
- 
809 
1,070 
2,233 
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PETERBOROUGH RECLINER CENTRE LTD Notes to the Accounts for the year ended 31 August 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
9,085 
10,830 
Trade debtors
- 
67,873 
Accrued income and prepayments
3,000 
10,224 
12,085 
88,927 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
15,934 
21,911 
Trade creditors
46,202 
59,112 
Taxes and social security
9,656 
6,985 
Other creditors
34 
25 
Loans from directors
(24,763)
(30,182)
Accruals
1,680 
25,686 
48,743 
83,537 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
17,692 
28,251 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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