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REGISTERED NUMBER: 04490136 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Peter Mould Workshop Ltd

Peter Mould Workshop Ltd (Registered number: 04490136)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 8

Peter Mould Workshop Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: P Mould





REGISTERED OFFICE: 7 Atholl Road
Chelmsford
Essex
CM2 6TB





REGISTERED NUMBER: 04490136 (England and Wales)





ACCOUNTANTS: SP ACCOUNTS CO LIMITED
27 Falcon Close
Rayleigh
Essex
SS6 9BH

Peter Mould Workshop Ltd (Registered number: 04490136)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 203,986 204,964

CURRENT ASSETS
Stocks 9,800 8,696
Debtors 5 53,729 47,676
Cash at bank and in hand 479,879 389,363
543,408 445,735
CREDITORS
Amounts falling due within one year 6 199,961 176,114
NET CURRENT ASSETS 343,447 269,621
TOTAL ASSETS LESS CURRENT
LIABILITIES

547,433

474,585

CREDITORS
Amounts falling due after more than one
year

7

(8,359

)

(18,372

)

PROVISIONS FOR LIABILITIES (36,130 ) (36,148 )
NET ASSETS 502,944 420,065

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 15,300 15,300
Retained earnings 487,544 404,665
SHAREHOLDERS' FUNDS 502,944 420,065

Peter Mould Workshop Ltd (Registered number: 04490136)

Statement of Financial Position - continued
31 July 2024


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 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:





P Mould - Director


Peter Mould Workshop Ltd (Registered number: 04490136)

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


1. STATUTORY INFORMATION

Peter Mould Workshop Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 10% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 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.

Peter Mould Workshop Ltd (Registered number: 04490136)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 9 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 34,717 335,401 370,118
Additions - 28,308 28,308
At 31 July 2024 34,717 363,709 398,426
DEPRECIATION
At 1 August 2023 27,774 137,380 165,154
Charge for year 3,472 25,814 29,286
At 31 July 2024 31,246 163,194 194,440
NET BOOK VALUE
At 31 July 2024 3,471 200,515 203,986
At 31 July 2023 6,943 198,021 204,964

Peter Mould Workshop Ltd (Registered number: 04490136)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2023 22,240
Transfer to ownership (22,240 )
At 31 July 2024 -
DEPRECIATION
At 1 August 2023 14,421
Charge for year 815
Transfer to ownership (15,236 )
At 31 July 2024 -
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 7,819

5. DEBTORS
31.7.24 31.7.23
£    £   
Amounts falling due within one year:
Trade debtors 11,889 7,182
Other debtors 21,040 19,694
32,929 26,876

Amounts falling due after more than one year:
Other debtors 20,800 20,800

Aggregate amounts 53,729 47,676

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 1,909
Trade creditors 104,449 116,993
Taxation and social security 77,693 40,941
Other creditors 7,819 6,271
199,961 176,114

Peter Mould Workshop Ltd (Registered number: 04490136)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 8,359 18,372

8. RESERVES
Revaluation
reserve
£   
At 1 August 2023
and 31 July 2024 15,300

Peter Mould Workshop Ltd

Report of the Accountants to the Director of
Peter Mould Workshop Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 July 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






SP ACCOUNTS CO LIMITED
27 Falcon Close
Rayleigh
Essex
SS6 9BH


22 November 2024