Company registration number 00469119 (England and Wales)
W.H.PEPLOW(WORCESTER)LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
W.H.PEPLOW(WORCESTER)LIMITED
COMPANY INFORMATION
Directors
Mr W F Peplow
Mr W R H Peplow
Secretary
Mr W F Peplow
Company number
00469119
Registered office
25 High Street
Worcester
Worcestershire
WR1 2QL
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
HSBC Bank Plc
114 High Street
Stourbridge
West Midlands
DY8 1DZ
W.H.PEPLOW(WORCESTER)LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
W.H.PEPLOW(WORCESTER)LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF W.H.PEPLOW(WORCESTER)LIMITED FOR THE YEAR ENDED 31 JANUARY 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of W.H.Peplow(Worcester)Limited for the year ended 31 January 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of W.H.Peplow(Worcester)Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of W.H.Peplow(Worcester)Limited and state those matters that we have agreed to state to the board of directors of W.H.Peplow(Worcester)Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than W.H.Peplow(Worcester)Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that W.H.Peplow(Worcester)Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of W.H.Peplow(Worcester)Limited. You consider that W.H.Peplow(Worcester)Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of W.H.Peplow(Worcester)Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited
8 July 2024
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
W.H.PEPLOW(WORCESTER)LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2024
31 January 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
263,245
274,021
Investments
4
4,513
4,513
267,758
278,534
Current assets
Stocks
642,952
676,302
Debtors
5
99,104
143,845
Cash at bank and in hand
11,227
15,333
753,283
835,480
Creditors: amounts falling due within one year
6
(268,262)
(269,693)
Net current assets
485,021
565,787
Total assets less current liabilities
752,779
844,321
Creditors: amounts falling due after more than one year
7
(477,150)
(544,363)
Net assets
275,629
299,958
Capital and reserves
Called up share capital
9
2,501
2,501
Revaluation reserve
10
197,960
197,960
Capital redemption reserve
2,200
2,200
Profit and loss reserves
72,968
97,297
Total equity
275,629
299,958

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

W.H.PEPLOW(WORCESTER)LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024
31 January 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 8 July 2024 and are signed on its behalf by:
Mr W F Peplow
Director
Company registration number 00469119 (England and Wales)
W.H.PEPLOW(WORCESTER)LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
- 4 -
1
Accounting policies
Company information

W.H.Peplow(Worcester)Limited is a private company limited by shares incorporated in England and Wales. The registered office is 25 High Street, Worcester, Worcestershire, WR1 2QL.

1.1
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 have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
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:

Freehold property
2% on cost
Improvements to property
2% on cost
Fixtures and fittings
33% on cost and 10% on cost
Computer equipment
20% on cost
1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

W.H.PEPLOW(WORCESTER)LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
1
Accounting policies
(Continued)
- 5 -

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

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

2024
2023
Number
Number
Total
11
12
3
Tangible fixed assets
Freehold property
Improvements to property
Fixtures and fittings
Computer equipment
Total
£
£
£
£
£
Cost
At 1 February 2023 and 31 January 2024
242,320
93,537
194,400
27,229
557,486
Depreciation and impairment
At 1 February 2023
76,060
28,297
155,004
24,104
283,465
Depreciation charged in the year
-
0
1,871
7,982
923
10,776
At 31 January 2024
76,060
30,168
162,986
25,027
294,241
Carrying amount
At 31 January 2024
166,260
63,369
31,414
2,202
263,245
At 31 January 2023
166,260
65,240
39,396
3,125
274,021
W.H.PEPLOW(WORCESTER)LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 6 -
4
Fixed asset investments
2024
2023
£
£
Other investments other than loans
4,513
4,513
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
2,258
-
0
Other debtors
96,846
143,845
99,104
143,845
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
70,716
70,716
Trade creditors
18,878
91,296
Taxation and social security
24,309
27,282
Other creditors
154,359
80,399
268,262
269,693
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
477,150
544,363
8
Secured debts
The following secured debts are included within creditors:
2024
2023
£
£
Bank loans
547,866
615,079
Bank loans are secured over property owned by a related company.
W.H.PEPLOW(WORCESTER)LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 7 -
9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary 'A' of £1 each
2,500
2,500
2,500
2,500
Ordinary 'B' of £1 each
1
1
1
1
2,501
2,501
2,501
2,501
10
Other reserves
2024
2023
£
£
At beginning and end of year
197,960
197,960
11
Ultimate controlling party

The ultimate controlling party is Mr W R H Peplow.

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