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REGISTERED NUMBER: 07571781 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th April 2024

for

Peter White Agricultural Engineers Ltd

Peter White Agricultural Engineers Ltd (Registered number: 07571781)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Peter White Agricultural Engineers Ltd

Company Information
for the Year Ended 30th April 2024







DIRECTORS: Mrs A White
P S White





REGISTERED OFFICE: 117 Sigston Road,
Beverley
East Yorkshire
HU17 9PD





REGISTERED NUMBER: 07571781 (England and Wales)





ACCOUNTANTS: Dymond Accountants
Office F1,
Beverley Enterprise Centre
Beck View Road
Beverley
East Yorkshire
HU17 0JT

Peter White Agricultural Engineers Ltd (Registered number: 07571781)

Balance Sheet
30th April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,000 8,000
Tangible assets 5 37,483 49,254
44,483 57,254

CURRENT ASSETS
Debtors 6 45,997 42,536
Cash at bank and in hand 12,493 12,559
58,490 55,095
CREDITORS
Amounts falling due within one year 7 68,507 73,693
NET CURRENT LIABILITIES (10,017 ) (18,598 )
TOTAL ASSETS LESS CURRENT LIABILITIES 34,466 38,656

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 34,464 38,654
34,466 38,656

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 16th December 2024 and were signed on its behalf by:





P S White - Director


Peter White Agricultural Engineers Ltd (Registered number: 07571781)

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


1. STATUTORY INFORMATION

Peter White Agricultural Engineers 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.

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.

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 twenty 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.
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Peter White Agricultural Engineers Ltd (Registered number: 07571781)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 20,000
AMORTISATION
At 1st May 2023 12,000
Charge for year 1,000
At 30th April 2024 13,000
NET BOOK VALUE
At 30th April 2024 7,000
At 30th April 2023 8,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st May 2023
and 30th April 2024 53,128 22,487 48,854 1,790 126,259
DEPRECIATION
At 1st May 2023 35,504 12,612 27,633 1,256 77,005
Charge for year 4,807 1,481 5,305 178 11,771
At 30th April 2024 40,311 14,093 32,938 1,434 88,776
NET BOOK VALUE
At 30th April 2024 12,817 8,394 15,916 356 37,483
At 30th April 2023 17,624 9,875 21,221 534 49,254

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 45,801 42,536
Other debtors 196 -
45,997 42,536

Peter White Agricultural Engineers Ltd (Registered number: 07571781)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 30,876 38,616
Hire purchase contracts 8,141 13,569
Trade creditors 18,029 13,025
Taxation and social security 9,889 7,162
Other creditors 1,572 1,321
68,507 73,693