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REGISTERED NUMBER: 05854739 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Len Peterson And Son Limited

Len Peterson And Son Limited (Registered number: 05854739)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Len Peterson And Son Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: M L Peterson
Mrs J Peterson





SECRETARY: Mrs J Peterson





REGISTERED OFFICE: Unit 14a Waterside Business Park
Livingstone Road
Hessle
HU13 0EG





REGISTERED NUMBER: 05854739 (England and Wales)

Len Peterson And Son Limited (Registered number: 05854739)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 59,834 35,166

CURRENT ASSETS
Debtors 5 16,898 17,224
Cash at bank 307,223 277,977
324,121 295,201
CREDITORS
Amounts falling due within one year 6 39,537 39,994
NET CURRENT ASSETS 284,584 255,207
TOTAL ASSETS LESS CURRENT
LIABILITIES

344,418

290,373

PROVISIONS FOR LIABILITIES 14,959 8,780
NET ASSETS 329,459 281,593

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 329,359 281,493
329,459 281,593

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Len Peterson And Son Limited (Registered number: 05854739)

Balance Sheet - continued
29 February 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:




M L Peterson - Director



Mrs J Peterson - Director


Len Peterson And Son Limited (Registered number: 05854739)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Len Peterson And Son 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net invoiced sales of goods and services, excluding value added tax.

Revenue Recognition
Revenue is recognised under an exchange transaction with a customer when, and to the extent that, the company receives a right to consideration from its performance.

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 etc - 33% on cost, 25% on cost and 20% on cost

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Len Peterson And Son Limited (Registered number: 05854739)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 78,743
Additions 41,490
Disposals (19,237 )
At 29 February 2024 100,996
DEPRECIATION
At 1 March 2023 43,577
Charge for year 16,822
Eliminated on disposal (19,237 )
At 29 February 2024 41,162
NET BOOK VALUE
At 29 February 2024 59,834
At 28 February 2023 35,166

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 11,589 13,670
Other debtors 5,309 3,554
16,898 17,224

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors - 1,764
Taxation and social security 31,722 35,678
Other creditors 7,815 2,552
39,537 39,994

7. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr M L Peterson.