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REGISTERED NUMBER: 03825116















Unaudited Financial Statements for the Year Ended 31 July 2024

for

P.E. Duncliffe Limited

P.E. Duncliffe Limited (Registered number: 03825116)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P.E. Duncliffe Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: P E Duncliffe





REGISTERED OFFICE: 122 Winchcombe Street
Cheltenham
Gloucestershire
GL52 2NW





REGISTERED NUMBER: 03825116





ACCOUNTANTS: Crossley and Co.
122 Winchcombe Street
Cheltenham
Gloucestershire
GL52 2NW

P.E. Duncliffe Limited (Registered number: 03825116)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 456,220 33,712

CURRENT ASSETS
Stocks 5 1,147,190 231,200
Cash at bank 1,084,117 2,686,283
2,231,307 2,917,483
CREDITORS
Amounts falling due within one year 6 231,850 398,406
NET CURRENT ASSETS 1,999,457 2,519,077
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,455,677

2,552,789

CAPITAL AND RESERVES
Called up share capital 7 1 1
Capital redemption reserve 8 1 1
Retained earnings 8 2,455,675 2,552,787
SHAREHOLDERS' FUNDS 2,455,677 2,552,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2024 and were signed by:





P E Duncliffe - Director


P.E. Duncliffe Limited (Registered number: 03825116)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

P.E. Duncliffe Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

P.E. Duncliffe Limited (Registered number: 03825116)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Long Motor Computer
leasehold vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 - 44,950 13,276 58,226
Additions 283,100 157,691 - 440,791
At 31 July 2024 283,100 202,641 13,276 499,017
DEPRECIATION
At 1 August 2023 - 11,238 13,276 24,514
Charge for year - 18,283 - 18,283
At 31 July 2024 - 29,521 13,276 42,797
NET BOOK VALUE
At 31 July 2024 283,100 173,120 - 456,220
At 31 July 2023 - 33,712 - 33,712

5. STOCKS
31.7.24 31.7.23
£    £   
Stocks 1,147,190 231,200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors - (1 )
Tax 225,000 363,133
VAT - 24,147
Directors' current accounts - 4,277
Accrued expenses 6,850 6,850
231,850 398,406

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
1 Ordinary Shares £1 1 1

P.E. Duncliffe Limited (Registered number: 03825116)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 August 2023 2,552,787 1 2,552,788
Profit for the year 2,888 2,888
Dividends (100,000 ) (100,000 )
At 31 July 2024 2,455,675 1 2,455,676