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Company Registration No. 5668882 (England and Wales)
Pete Cowasji Ltd Unaudited accounts for the year ended 31 January 2024
Pete Cowasji Ltd Unaudited accounts Contents
Page
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Pete Cowasji Ltd Company Information for the year ended 31 January 2024
Director
Peter Cowasji
Secretary
David Meyer
Company Number
5668882 (England and Wales)
Registered Office
508A HORNSEY ROAD LONDON N19 3QW
Accountants
David Meyer FCCA 2 Downage London NW4 1AA
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Pete Cowasji Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
380,395 
393,072 
Current assets
Debtors
29,887 
4,134 
Cash at bank and in hand
14,110 
61,234 
43,997 
65,368 
Creditors: amounts falling due within one year
(36,717)
(37,315)
Net current assets
7,280 
28,053 
Net assets
387,675 
421,125 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
387,575 
421,025 
Shareholders' funds
387,675 
421,125 
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 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 29 October 2024 and were signed on its behalf by
Peter Cowasji Director Company Registration No. 5668882
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Pete Cowasji Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Pete Cowasji Ltd is a private company, limited by shares, registered in England and Wales, registration number 5668882. The registered office is 508A HORNSEY ROAD, LONDON, N19 3QW.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
125,000 
952,163 
18,999 
1,096,162 
Additions
- 
65,932 
14,950 
80,882 
Disposals
- 
- 
(18,999)
(18,999)
At 31 January 2024
125,000 
1,018,095 
14,950 
1,158,045 
Depreciation
At 1 February 2023
- 
698,340 
4,750 
703,090 
Charge for the year
- 
75,573 
3,737 
79,310 
On disposals
- 
- 
(4,750)
(4,750)
At 31 January 2024
- 
773,913 
3,737 
777,650 
Net book value
At 31 January 2024
125,000 
244,182 
11,213 
380,395 
At 31 January 2023
125,000 
253,823 
14,249 
393,072 
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Pete Cowasji Ltd Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
29,470 
3,717 
Accrued income and prepayments
417 
417 
29,887 
4,134 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,295 
34,909 
Taxes and social security
32,385 
2,332 
Loans from directors
37 
74 
36,717 
37,315 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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