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REGISTERED NUMBER: 07613516 (England and Wales)









Financial Statements

for the Year Ended 30 April 2024

for

Petherton Business
And Media Limited

Petherton Business
And Media Limited (Registered number: 07613516)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Petherton Business
And Media Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: O Fryer





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 07613516 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Petherton Business
And Media Limited (Registered number: 07613516)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 2,002 1,591
2,002 1,591

CURRENT ASSETS
Debtors 6 628,110 452,096
Cash at bank 134,335 201,149
762,445 653,245
CREDITORS
Amounts falling due within one year 7 (133,550 ) (128,115 )
NET CURRENT ASSETS 628,895 525,130
TOTAL ASSETS LESS CURRENT
LIABILITIES

630,897

526,721

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 630,797 526,621
SHAREHOLDERS' FUNDS 630,897 526,721

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2024 and were signed by:





O Fryer - Director


Petherton Business
And Media Limited (Registered number: 07613516)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Petherton Business And Media Limited is a private company, limited by shares , registered in England and Wales. 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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year/period, and also have been consistently applied within the same accounts.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures,fittings & equipment - 25% on reducing balance
Computer equipment - 33.33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

Petherton Business
And Media Limited (Registered number: 07613516)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 65,000
AMORTISATION
At 1 May 2023
and 30 April 2024 65,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures,fittings Computer
& equipment equipment Totals
£    £    £   
COST
At 1 May 2023 9,501 7,448 16,949
Additions 573 1,000 1,573
At 30 April 2024 10,074 8,448 18,522
DEPRECIATION
At 1 May 2023 8,712 6,646 15,358
Charge for year 332 830 1,162
At 30 April 2024 9,044 7,476 16,520
NET BOOK VALUE
At 30 April 2024 1,030 972 2,002
At 30 April 2023 789 802 1,591

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 50,701 25,221
Prepayments and accrued income 6,000 46,875
56,701 72,096

Amounts falling due after more than one year:
Other debtors 571,409 380,000

Aggregate amounts 628,110 452,096

Petherton Business
And Media Limited (Registered number: 07613516)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 3,947
Corporation tax 107,681 104,047
VAT 20,826 15,395
Directors' current accounts 3,043 2,901
Accruals and deferred income 2,000 1,825
133,550 128,115