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Company Registration No. 12179138 (England and Wales)
Pete's Place Ltd Unaudited accounts for the year ended 31 August 2024
Pete's Place Ltd Unaudited accounts Contents
Page
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Pete's Place Ltd Company Information for the year ended 31 August 2024
Director
Peter White
Company Number
12179138 (England and Wales)
Registered Office
195 High Street Ongar Essex CM5 9JG England
Accountants
Aces Accounts and Taxation Ltd 195 High Street Ongar Ongar Essex CM5 9JG
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Pete's Place Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
11,024 
Current assets
Inventories
- 
1,000 
Cash at bank and in hand
53,614 
14,670 
53,614 
15,670 
Creditors: amounts falling due within one year
(35,595)
(10,704)
Net current assets
18,019 
4,966 
Total assets less current liabilities
18,019 
15,990 
Creditors: amounts falling due after more than one year
- 
(26,779)
Net assets/(liabilities)
18,019 
(10,789)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
17,919 
(10,889)
Shareholders' funds
18,019 
(10,789)
For the year ending 31 August 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 October 2024 and were signed on its behalf by
Peter White Director Company Registration No. 12179138
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Pete's Place Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Pete's Place Ltd is a private company, limited by shares, registered in England and Wales, registration number 12179138. The registered office is 195 High Street, Ongar, Essex, CM5 9JG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2023
22,951 
Disposals
(22,951)
At 31 August 2024
- 
Depreciation
At 1 September 2023
11,927 
On disposals
(11,927)
At 31 August 2024
- 
Net book value
At 31 August 2024
- 
At 31 August 2023
11,024 
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Pete's Place Ltd Notes to the Accounts for the year ended 31 August 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
3,427 
Taxes and social security
4,765 
181 
Loans from directors
30,830 
- 
Accruals
- 
7,096 
35,595 
10,704 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
- 
26,779 
7
Average number of employees
During the year the average number of employees was 12 (2023: 12).
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