Silverfin false false 31/07/2024 01/08/2023 31/07/2024 Mr Peter James Pilling 29 January 2025 The principle activity of the Company during the financial year was online sales. 15028631 2024-07-31 15028631 core:CurrentFinancialInstruments 2024-07-31 15028631 core:ShareCapital 2024-07-31 15028631 core:RetainedEarningsAccumulatedLosses 2024-07-31 15028631 bus:OrdinaryShareClass1 2024-07-31 15028631 2023-08-01 2024-07-31 15028631 bus:FilletedAccounts 2023-08-01 2024-07-31 15028631 bus:SmallEntities 2023-08-01 2024-07-31 15028631 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 15028631 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 15028631 bus:Director1 2023-08-01 2024-07-31 15028631 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 15028631 (England and Wales)

PETER JAMES TRADING LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

PETER JAMES TRADING LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

PETER JAMES TRADING LIMITED

COMPANY INFORMATION

For the financial year ended 31 July 2024
PETER JAMES TRADING LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 July 2024
DIRECTOR Mr Peter James Pilling
REGISTERED OFFICE United Kingdom
COMPANY NUMBER 15028631 (England and Wales)
ACCOUNTANT Morrell Middleton Auditors Ltd
Chartered Certified Accountants
Wellington House
Aviator Court
York
YO30 4UZ
PETER JAMES TRADING LIMITED

BALANCE SHEET

As at 31 July 2024
PETER JAMES TRADING LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024
£
Current assets
Stocks 16,463
Debtors 3 950
Cash at bank and in hand 4 12,889
30,302
Creditors: amounts falling due within one year 5 ( 28,834)
Net current assets 1,468
Total assets less current liabilities 1,468
Net assets 1,468
Capital and reserves
Called-up share capital 6 1,000
Profit and loss account 468
Total shareholder's funds 1,468

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Peter James Trading Limited (registered number: 15028631) were approved and authorised for issue by the Director on 29 January 2025. They were signed on its behalf by:

Mr Peter James Pilling
Director
PETER JAMES TRADING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
PETER JAMES TRADING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year, unless otherwise stated.

General information and basis of accounting

Peter James Trading Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is , United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

2024
Number
Monthly average number of persons employed by the Company during the year, including the director 1

3. Debtors

2024
£
Other debtors 950

4. Cash and cash equivalents

2024
£
Cash at bank and in hand 12,889

5. Creditors: amounts falling due within one year

2024
£
Taxation and social security 1,666
Other creditors 27,168
28,834

6. Called-up share capital

2024
£
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000