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Registration number: 07668371

Peers & Rooney Training Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Peers & Rooney Training Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Peers & Rooney Training Limited

(Registration number: 07668371)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

10,955

7,625

Current assets

 

Debtors

5

-

3,720

Cash at bank and in hand

 

11,917

5,705

 

11,917

9,425

Creditors: Amounts falling due within one year

6

(17,883)

(9,688)

Net current liabilities

 

(5,966)

(263)

Total assets less current liabilities

 

4,989

7,362

Creditors: Amounts falling due after more than one year

6

(2,503)

(7,422)

Provisions for liabilities

(2,082)

(1,449)

Net assets/(liabilities)

 

404

(1,509)

Capital and reserves

 

Called up share capital

4

4

Retained earnings

400

(1,513)

Shareholders' funds/(deficit)

 

404

(1,509)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 30 October 2024
 

.........................................
Mr AB Rooney
Director

 

Peers & Rooney Training Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
14 Penistone Drive
Little Sutton
Ellesmere Port
Cheshire
CH66 4TF

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Peers & Rooney Training Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Tax

The tax expense for the period comprises current and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Office equipment

33% straight line

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Peers & Rooney Training Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Office equipment
 £

Plant and machinery
 £

Total
£

Cost or valuation

At 1 July 2023

9,479

12,618

22,097

Additions

2,195

4,370

6,565

At 30 June 2024

11,674

16,988

28,662

Depreciation

At 1 July 2023

7,513

6,959

14,472

Charge for the year

1,457

1,778

3,235

At 30 June 2024

8,970

8,737

17,707

Carrying amount

At 30 June 2024

2,704

8,251

10,955

At 30 June 2023

1,966

5,659

7,625

 

Peers & Rooney Training Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

-

3,720

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Bank borrowings

4,934

5,127

Taxation and social security

131

130

Other creditors

12,818

4,431

17,883

9,688

Due after one year

Bank borrowings

2,503

7,422

7 Loans and borrowings

Included in Bank borrowings are loan facilities of £2,357 (2023: £4,929) which have been personally secured by the director.