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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
Page
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Peter Pring Limited Company Information for the year ended 31 January 2024
Director
J Taylor
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
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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
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Peter Pring Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
24,109 
11,547 
Current assets
Inventories
2,000 
12,000 
Debtors
28,913 
8,566 
Cash at bank and in hand
1,135 
629 
32,048 
21,195 
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
Deferred tax
(2,607)
- 
Net assets/(liabilities)
260 
(37,426)
Capital and reserves
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
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Peter Pring Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
3
Accounting policies
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.
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:
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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 
Depreciation
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 
Net book value
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 
2024 
2023 
£ 
£ 
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.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
22,612 
7,902 
Accrued income and prepayments
6,301 
664 
28,913 
8,566 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
13,475 
32,171 
VAT
1,919 
7,550 
Trade creditors
1,589 
370 
Taxes and social security
13,170 
9,149 
Other creditors
10,466 
1,808 
40,619 
51,048 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,671 
19,120 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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