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REGISTERED NUMBER: 02128773 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

W. R. PETERS LIMITED

W. R. PETERS LIMITED (REGISTERED NUMBER: 02128773)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W. R. PETERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr S. H. Peters
Mrs N. A. Peters





SECRETARY: Mr S. H. Peters





REGISTERED OFFICE: Rhedyn Coch
Newborough
Llanfairpwll
Anglesey
LL61 6SU





REGISTERED NUMBER: 02128773 (England and Wales)





ACCOUNTANTS: Richard Williams & Co
Chartered Accountants
The Old Police Station
Gaerwen
Anglesey
LL60 6BL

W. R. PETERS LIMITED (REGISTERED NUMBER: 02128773)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 549,571 519,925

CURRENT ASSETS
Stocks 199,506 213,006
Debtors 5 21,947 37,836
Cash at bank 108,197 159,287
329,650 410,129
CREDITORS
Amounts falling due within one year 6 268,034 382,010
NET CURRENT ASSETS 61,616 28,119
TOTAL ASSETS LESS CURRENT
LIABILITIES

611,187

548,044

CREDITORS
Amounts falling due after more than one
year

7

(64,331

)

(6,293

)

PROVISIONS FOR LIABILITIES (16,689 ) (16,689 )
NET ASSETS 530,167 525,062

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 8 113,578 113,578
Retained earnings 416,587 411,482
530,167 525,062

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

W. R. PETERS LIMITED (REGISTERED NUMBER: 02128773)

BALANCE SHEET - continued
31ST MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th October 2024 and were signed on its behalf by:





Mr S. H. Peters - Director


W. R. PETERS LIMITED (REGISTERED NUMBER: 02128773)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

W. R. Peters 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 5% on reducing balance
Plant and machinery etc - 25% on reducing balance, 10% on reducing balance and 5% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

W. R. PETERS LIMITED (REGISTERED NUMBER: 02128773)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2023 488,203 324,191 812,394
Additions - 38,172 38,172
At 31st March 2024 488,203 362,363 850,566
DEPRECIATION
At 1st April 2023 38,975 253,494 292,469
Charge for year 1,125 7,401 8,526
At 31st March 2024 40,100 260,895 300,995
NET BOOK VALUE
At 31st March 2024 448,103 101,468 549,571
At 31st March 2023 449,228 70,697 519,925

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,018 37,836
Other debtors 3,929 -
21,947 37,836

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,987 66,682
Taxation and social security - 14,908
Other creditors 265,047 300,420
268,034 382,010

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 28,917 -
Hire purchase contracts 35,414 6,293
64,331 6,293

W. R. PETERS LIMITED (REGISTERED NUMBER: 02128773)

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

8. RESERVES
Revaluation
reserve
£   
At 1st April 2023
and 31st March 2024 113,578