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Registered number: 05665197
Peter Cherry Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
SRL ACCOUNTING LIMITED
Unit 7a Waterside Business Park Waterside
Chesham
HP5 1PE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05665197
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 6 41,910 41,910
41,910 41,910
CURRENT ASSETS
Debtors 7 5,000 5,000
Cash at bank and in hand 733 2,660
5,733 7,660
Creditors: Amounts Falling Due Within One Year 8 (12,495 ) (13,217 )
NET CURRENT ASSETS (LIABILITIES) (6,762 ) (5,557 )
TOTAL ASSETS LESS CURRENT LIABILITIES 35,148 36,353
Creditors: Amounts Falling Due After More Than One Year 9 (24,167 ) (24,167 )
NET ASSETS 10,981 12,186
CAPITAL AND RESERVES
Called up share capital 10 5,100 5,100
Profit and Loss Account 5,881 7,086
SHAREHOLDERS' FUNDS 10,981 12,186
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr PETER CHERRY
Director
31 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Peter Cherry Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05665197 . The registered office is Unit 7a Waterside Business Park, Waterside, Chesham, Buckinghamshire, HP5 1PE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 1)
- 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 45,000
As at 31 January 2024 45,000
Amortisation
As at 1 February 2023 45,000
As at 31 January 2024 45,000
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 -
Page 3
Page 4
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 February 2023 2,937 8,788 11,725
As at 31 January 2024 2,937 8,788 11,725
Depreciation
As at 1 February 2023 2,937 8,788 11,725
As at 31 January 2024 2,937 8,788 11,725
Net Book Value
As at 31 January 2024 - - -
As at 1 February 2023 - - -
6. Investments
Listed
£
Cost
As at 1 February 2023 41,910
As at 31 January 2024 41,910
Provision
As at 1 February 2023 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 41,910
As at 1 February 2023 41,910
7. Debtors
2024 2023
£ £
Due within one year
Called up share capital not paid 5,000 5,000
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 560
Bank loans and overdrafts - 10,000
Corporation tax - 1,982
Accruals and deferred income 468 675
Director's loan account 12,027 -
12,495 13,217
Page 4
Page 5
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 24,167 24,167
11. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid - 20,197
Page 5