PETERDISPLAYS LIMITED

Company Registration Number:
00928477 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

PETERDISPLAYS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

PETERDISPLAYS LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 40,615 42,475
Total fixed assets: 40,615 42,475
Current assets
Debtors: 4 155,395 193,045
Cash at bank and in hand: 532,068 534,122
Total current assets: 687,463 727,167
Creditors: amounts falling due within one year: 5 (305,404) (278,274)
Net current assets (liabilities): 382,059 448,893
Total assets less current liabilities: 422,674 491,368
Creditors: amounts falling due after more than one year: 6 (23,333) (43,333)
Provision for liabilities: (9,630) (7,618)
Total net assets (liabilities): 389,711 440,417
Capital and reserves
Called up share capital: 400 400
Profit and loss account: 389,311 440,017
Shareholders funds: 389,711 440,417

The notes form part of these financial statements

PETERDISPLAYS LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 November 2024
and signed on behalf of the board by:

Name: Antony House
Status: Director

The notes form part of these financial statements

PETERDISPLAYS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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

Tangible fixed assets and depreciation policy

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives

Valuation and information policy

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

Other accounting policies

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. Foreign currencies Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result. Hire purchase and leasing commitments Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease. Pension costs and other post-retirement benefits The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.

PETERDISPLAYS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 11 9

PETERDISPLAYS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 317,957
Additions 6,281
At 31 March 2024 324,238
Depreciation
At 01 April 2023 275,482
Charge for year 8,141
At 31 March 2024 283,623
Net book value
At 31 March 2024 40,615
At 31 March 2023 42,475

PETERDISPLAYS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

PETERDISPLAYS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

Bank loans £24,584 (2023 £33,220) Trade creditors @101,844 (2023 £102,115) Taxation £72,392 (2023 £108,595) Other creditors £106,584 (2023 £34,344)

PETERDISPLAYS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due after more than one year note

Bank loans £23,333 (2023 £43,333)