Company Registration No. 05688269 (England and Wales)
Peter Pring Limited
Unaudited accounts
for the year ended 31 January 2024
Peter Pring Limited
Unaudited accounts
Contents
Peter Pring Limited
Company Information
for the year ended 31 January 2024
Company Number
05688269 (England and Wales)
Registered Office
Orchard House
Clyst St. Mary
Exeter
Devon
EX5 1BR
Accountants
The Fresh Accountancy Company Limited
Orchard House
Clyst St Mary
Exeter
Devon
EX5 1BR
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Peter Pring Limited for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Peter Pring Limited for the year ended
31 January 2024 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.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
The Fresh Accountancy Company Limited
Chartered Accountants
Orchard House
Clyst St Mary
Exeter
Devon
EX5 1BR
1 May 2024
Peter Pring Limited
Statement of financial position
as at 31 January 2024
Tangible assets
24,109
11,547
Cash at bank and in hand
1,135
629
Creditors: amounts falling due within one year
(40,619)
(51,048)
Net current liabilities
(8,571)
(29,853)
Total assets less current liabilities
15,538
(18,306)
Creditors: amounts falling due after more than one year
(12,671)
(19,120)
Provisions for liabilities
Net assets/(liabilities)
260
(37,426)
Called up share capital
100
100
Profit and loss account
160
(37,526)
Shareholders' funds
260
(37,426)
For the year ending 31 January 2024 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 15 August 2024 and were signed on its behalf by
J Taylor
Director
Company Registration No. 05688269
Peter Pring Limited
Notes to the Accounts
for the year ended 31 January 2024
Peter Pring Limited is a private company, limited by shares, registered in England and Wales, registration number 05688269. The registered office is Orchard House, Clyst St. Mary, Exeter, Devon, EX5 1BR.
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.
These financial statements for the year ended 31 January 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2022.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Peter Pring Limited
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2023
1,000
86,633
25,740
3,691
117,064
At 31 January 2024
1,000
86,633
25,740
3,691
117,064
At 1 February 2023
-
78,909
23,095
3,513
105,517
Charge for the year
-
-
661
53
714
Surplus on revaluation
-
(13,276)
-
-
(13,276)
At 31 January 2024
-
65,633
23,756
3,566
92,955
At 31 January 2024
1,000
21,000
1,984
125
24,109
At 31 January 2023
1,000
7,724
2,645
178
11,547
Carrying amount of plant & machinery on cost basis
7,724
-
The directors have revalued certain assets in the year based on their estimate of market value.
Amounts falling due within one year
Amounts due from group undertakings etc.
22,612
7,902
Accrued income and prepayments
6,301
664
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
13,475
32,171
Taxes and social security
13,170
9,149
Other creditors
10,466
1,808
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).