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REGISTERED NUMBER: 01259052 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

PLUMRIDGE AND PETERS LIMITED

PLUMRIDGE AND PETERS LIMITED (REGISTERED NUMBER: 01259052)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Balance sheet 1

Notes to the financial statements 2


PLUMRIDGE AND PETERS LIMITED (REGISTERED NUMBER: 01259052)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 22,664 20,021

Current assets
Stock and work in progress 5 34,946 13,288
Debtors 6 32,531 48,521
Cash at bank and in hand 47,345 47,695
114,822 109,504
Creditors
Amounts falling due within one year 7 51,204 63,691
Net current assets 63,618 45,813
Total assets less current liabilities 86,282 65,834

Creditors
Amounts falling due after more than one year 8 (14,733 ) (21,892 )

Provisions for liabilities 10 (4,265 ) (3,493 )
Net assets 67,284 40,449

Capital and reserves
Called up share capital 11 1,600 1,600
Retained earnings 65,684 38,849
Shareholders' funds 67,284 40,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 August 2024 and were signed by:




Mr J Brewer - Director


PLUMRIDGE AND PETERS LIMITED (REGISTERED NUMBER: 01259052)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. Statutory information

Plumridge and Peters Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 01259052. The registered office and business address is 5 Gillmans Industrial Estate, Natts Lane, Billingshurst, West Sussex, RH14 9EY.

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 represents amounts receivable, excluding value added tax, in respect of goods and services provided in the ordinary course of business. Turnover is recognised when the goods/services have been sold/provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 5 (2023 - 5 ) .

PLUMRIDGE AND PETERS LIMITED (REGISTERED NUMBER: 01259052)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. Tangible fixed assets
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
Cost
At 1 February 2023 7,879 395,438 -
Additions - 162 5,431
Disposals (7,879 ) (321,463 ) -
At 31 January 2024 - 74,137 5,431
Depreciation
At 1 February 2023 7,879 375,417 -
Charge for year - 7,413 543
Eliminated on disposal (7,879 ) (321,463 ) -
At 31 January 2024 - 61,367 543
Net book value
At 31 January 2024 - 12,770 4,888
At 31 January 2023 - 20,021 -

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 February 2023 3,100 266 406,683
Additions - 6,675 12,268
Disposals - (266 ) (329,608 )
At 31 January 2024 3,100 6,675 89,343
Depreciation
At 1 February 2023 3,100 266 386,662
Charge for year - 1,669 9,625
Eliminated on disposal - (266 ) (329,608 )
At 31 January 2024 3,100 1,669 66,679
Net book value
At 31 January 2024 - 5,006 22,664
At 31 January 2023 - - 20,021

5. Stock and work in progress
2024 2023
£    £   
Stock and work in progress 34,946 13,288

PLUMRIDGE AND PETERS LIMITED (REGISTERED NUMBER: 01259052)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 29,930 46,577
Prepayments 2,601 1,944
32,531 48,521

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 18,525 12,965
Tax 11,822 13,660
Social security and other taxes 2,414 1,316
Pensions 372 343
VAT 4,928 10,867
Other creditors 2,639 784
Bank loan - less than 1 yr 7,099 6,902
Directors' current accounts 371 14,154
Accruals and deferred income 3,034 2,700
51,204 63,691

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loan - 1 to 2 years 7,297 7,099
Bank loan - 2 to 5 years 7,436 14,793
14,733 21,892

9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 22,000 22,000
Between one and five years - 22,000
22,000 44,000

10. Provisions for liabilities
2024 2023
£    £   
Deferred tax 4,265 3,493

Deferred
tax
£   
Balance at 1 February 2023 3,493
Provided during year 772
Balance at 31 January 2024 4,265

PLUMRIDGE AND PETERS LIMITED (REGISTERED NUMBER: 01259052)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,599 Ordinary A £1.00 1,599 1,599
1 Ordinary B £1.00 1 1
1,600 1,600

12. Ultimate controlling party

The company is controlled by the director Mr J Brewer, who owns 99.9% of the issued share capital.