IRIS Accounts Production v24.2.0.383 13014475 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh130144752022-11-30130144752023-11-30130144752022-12-012023-11-30130144752021-11-30130144752021-12-012022-11-30130144752022-11-3013014475ns15:EnglandWales2022-12-012023-11-3013014475ns14:PoundSterling2022-12-012023-11-3013014475ns10:Director12022-12-012023-11-3013014475ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3013014475ns10:SmallEntities2022-12-012023-11-3013014475ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3013014475ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3013014475ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3013014475ns10:FullAccounts2022-12-012023-11-301301447512022-12-012023-11-3013014475ns10:OrdinaryShareClass12022-12-012023-11-3013014475ns10:Director22022-12-012023-11-3013014475ns10:CompanySecretary12022-12-012023-11-3013014475ns10:RegisteredOffice2022-12-012023-11-3013014475ns5:CurrentFinancialInstruments2023-11-3013014475ns5:CurrentFinancialInstruments2022-11-3013014475ns5:Non-currentFinancialInstruments2023-11-3013014475ns5:Non-currentFinancialInstruments2022-11-3013014475ns5:ShareCapital2023-11-3013014475ns5:ShareCapital2022-11-3013014475ns5:RetainedEarningsAccumulatedLosses2023-11-3013014475ns5:RetainedEarningsAccumulatedLosses2022-11-3013014475ns5:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3013014475ns5:PatentsTrademarksLicencesConcessionsSimilar2022-12-012023-11-3013014475ns5:FurnitureFittings2022-12-012023-11-3013014475ns5:MotorVehicles2022-12-012023-11-3013014475ns5:PatentsTrademarksLicencesConcessionsSimilar2023-11-3013014475ns5:FurnitureFittings2022-11-3013014475ns5:MotorVehicles2022-11-3013014475ns5:FurnitureFittings2023-11-3013014475ns5:MotorVehicles2023-11-3013014475ns5:FurnitureFittings2022-11-3013014475ns5:MotorVehicles2022-11-3013014475ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3013014475ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3013014475ns5:DeferredTaxation2022-11-3013014475ns5:DeferredTaxation2022-12-012023-11-3013014475ns5:DeferredTaxation2023-11-3013014475ns10:OrdinaryShareClass12023-11-30
REGISTERED NUMBER: 13014475 (England and Wales)















Peters K Limited

Unaudited Financial Statements for the Year Ended 30 November 2023






Peters K Limited (Registered number: 13014475)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Peters K Limited

Company Information
for the Year Ended 30 November 2023







Directors: Lindsey Danielle Peters
Kenneth William Peters





Secretary: Lindsey Danielle Peters





Registered office: 9 Pasture Close
Kelsall
Cheshire
CW6 0PN





Registered number: 13014475 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

Peters K Limited (Registered number: 13014475)

Statement of Financial Position
30 November 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 7,000 -
Tangible assets 5 49,105 64,974
56,105 64,974

Current assets
Stocks 97,500 107,970
Debtors 6 70,361 71,757
Cash at bank and in hand 18,838 27,807
186,699 207,534
Creditors
Amounts falling due within one year 7 112,816 170,065
Net current assets 73,883 37,469
Total assets less current liabilities 129,988 102,443

Creditors
Amounts falling due after more than
one year

8

(112,343

)

(58,522

)

Provisions for liabilities 9 (13,013 ) (16,243 )
Net assets 4,632 27,678

Peters K Limited (Registered number: 13014475)

Statement of Financial Position - continued
30 November 2023

2023 2022
Notes £    £    £    £   
Capital and reserves
Called up share capital 10 1 1
Retained earnings 4,631 27,677
Shareholders' funds 4,632 27,678

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

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

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

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 22 August 2024 and were signed on its behalf by:





Kenneth William Peters - Director


Peters K Limited (Registered number: 13014475)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. Statutory information

Peters K 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise fee are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks
Stocks are measured at estimated cost.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Peters K Limited (Registered number: 13014475)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. Accounting policies - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 1 ) .

4. Intangible fixed assets
Franchise
fee
£   
Cost
Additions 10,000
At 30 November 2023 10,000
Amortisation
Amortisation for year 3,000
At 30 November 2023 3,000
Net book value
At 30 November 2023 7,000

Peters K Limited (Registered number: 13014475)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Cost
At 1 December 2022
and 30 November 2023 10,275 94,360 104,635
Depreciation
At 1 December 2022 2,802 36,859 39,661
Charge for year 1,494 14,375 15,869
At 30 November 2023 4,296 51,234 55,530
Net book value
At 30 November 2023 5,979 43,126 49,105
At 30 November 2022 7,473 57,501 64,974

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 69,828 69,060
Other debtors 533 2,697
70,361 71,757

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Hire purchase contracts 13,467 13,467
Trade creditors 39,353 26,369
Taxation and social security 16,939 25,707
Other creditors 43,057 104,522
112,816 170,065

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Hire purchase contracts 45,055 58,522
Other creditors 67,288 -
112,343 58,522

Peters K Limited (Registered number: 13014475)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. Provisions for liabilities
2023 2022
£    £   
Deferred tax 13,013 16,243

Deferred
tax
£   
Balance at 1 December 2022 16,243
Credit to Statement of Income and Retained Earnings during year (3,230 )
Balance at 30 November 2023 13,013

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary 1 1 1