Company registration number 03756120 (England and Wales)
Peter Simms Distribution Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 June 2024
PAGES FOR FILING WITH REGISTRAR
Peter Simms Distribution Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Peter Simms Distribution Ltd
Statement of financial position
as at 30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
25,454
18,169
Current assets
Debtors
16,981
9,607
Cash at bank and in hand
28,509
20,403
45,490
30,010
Creditors: amounts falling due within one year
(47,250)
(32,631)
Net current liabilities
(1,760)
(2,621)
Total assets less current liabilities
23,694
15,548
Creditors: amounts falling due after more than one year
(4,562)
-
0
Net assets
19,132
15,548
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
19,130
15,546
Total equity
19,132
15,548
Peter Simms Distribution Ltd
Statement of financial position (continued)
as at 30 June 2024
- 2 -

For the financial year ended 30 June 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 6 September 2024 and are signed on its behalf by:
P Simms
Director
Company registration number 03756120 (England and Wales)
Peter Simms Distribution Ltd
Notes to the financial statements
for the year ended 30 June 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
25% reducing balance
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
Peter Simms Distribution Ltd
Notes to the financial statements (continued)
for the year ended 30 June 2024
- 4 -
3
Tangible fixed assets
Motor vehicles
£
Cost
At 1 July 2023
46,050
Additions
14,950
At 30 June 2024
61,000
Depreciation and impairment
At 1 July 2023
27,881
Depreciation charged in the year
7,665
At 30 June 2024
35,546
Carrying amount
At 30 June 2024
25,454
At 30 June 2023
18,169
4
Company information

Peter Simms Distribution Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Greenacres, Langrickgate Lane, East Cottingwith, North Yorkshire, YO42 4TA.

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