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REGISTERED NUMBER: 06264260 (England and Wales)















PETER LOCKWOOD LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024






PETER LOCKWOOD LIMITED (REGISTERED NUMBER: 06264260)






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 LOCKWOOD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: P Lockwood





SECRETARY: Mrs S Lockwood





REGISTERED OFFICE: Coverdale Howgate Road
Slaithwaite
Huddersfield
HD7 5AY





REGISTERED NUMBER: 06264260 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

PETER LOCKWOOD LIMITED (REGISTERED NUMBER: 06264260)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Property, plant and equipment 5 11,564 16,264
11,565 16,265

CURRENT ASSETS
Inventories 6 14,500 -
Debtors 7 414 25,118
Cash at bank 125,925 128,271
140,839 153,389
CREDITORS
Amounts falling due within one year 8 53,964 50,419
NET CURRENT ASSETS 86,875 102,970
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,440

119,235

CREDITORS
Amounts falling due after more than one
year

9

10,669

18,671
NET ASSETS 87,771 100,564

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 87,770 100,563
SHAREHOLDERS' FUNDS 87,771 100,564

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.

PETER LOCKWOOD LIMITED (REGISTERED NUMBER: 06264260)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2024


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 17 October 2024 and were signed by:





P Lockwood - Director


PETER LOCKWOOD LIMITED (REGISTERED NUMBER: 06264260)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Peter Lockwood 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 0, is being amortised evenly over its estimated useful life of nil 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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 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 LOCKWOOD LIMITED (REGISTERED NUMBER: 06264260)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 17,000
AMORTISATION
At 1 August 2023
and 31 July 2024 16,999
NET BOOK VALUE
At 31 July 2024 1
At 31 July 2023 1

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Long Plant and and
leasehold Machinery Fittings
£    £    £   
COST
At 1 August 2023 10,121 1,140 7,573
Additions - 125 1,125
Disposals - - -
At 31 July 2024 10,121 1,265 8,698
DEPRECIATION
At 1 August 2023 10,120 751 2,049
Charge for year - 268 1,919
Eliminated on disposal - - -
At 31 July 2024 10,120 1,019 3,968
NET BOOK VALUE
At 31 July 2024 1 246 4,730
At 31 July 2023 1 389 5,524

PETER LOCKWOOD LIMITED (REGISTERED NUMBER: 06264260)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Computer
Vehicles Equipment Totals
£    £    £   
COST
At 1 August 2023 29,555 2,783 51,172
Additions - - 1,250
Disposals (10,066 ) - (10,066 )
At 31 July 2024 19,489 2,783 42,356
DEPRECIATION
At 1 August 2023 19,397 2,591 34,908
Charge for year 3,623 135 5,945
Eliminated on disposal (10,061 ) - (10,061 )
At 31 July 2024 12,959 2,726 30,792
NET BOOK VALUE
At 31 July 2024 6,530 57 11,564
At 31 July 2023 10,158 192 16,264

6. INVENTORIES
2024 2023
£    £   
Work In Progress 14,500 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 384 25,088
Other debtors 30 30
414 25,118

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,000 8,000
Taxation and social security 34,359 32,022
Other creditors 11,605 10,397
53,964 50,419

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,669 18,671

PETER LOCKWOOD LIMITED (REGISTERED NUMBER: 06264260)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary 1 1 1

PETER LOCKWOOD LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
PETER LOCKWOOD LIMITED

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 two to seven 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.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


17 October 2024