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REGISTERED NUMBER: 05102491 (England and Wales)












PETERBOROUGH GAME COMPANY LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






PETERBOROUGH GAME COMPANY LTD (REGISTERED NUMBER: 05102491)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PETERBOROUGH GAME COMPANY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: R E Bennett
Mrs L Bennett





SECRETARY: Mrs L Bennett





REGISTERED OFFICE: Commerce House
18 West Street
Bourne
Lincolnshire
PE10 9NE





REGISTERED NUMBER: 05102491 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe
Chartered Certified Accountants
Commerce House
18 West Street
Bourne
Lincolnshire
PE10 9NE

PETERBOROUGH GAME COMPANY LTD (REGISTERED NUMBER: 05102491)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 142,321 140,082
142,321 140,082

CURRENT ASSETS
Stocks 15,000 10,000
Debtors 5 489,989 168,946
Cash at bank and in hand 515,857 665,061
1,020,846 844,007
CREDITORS
Amounts falling due within one year 6 327,176 342,066
NET CURRENT ASSETS 693,670 501,941
TOTAL ASSETS LESS CURRENT
LIABILITIES

835,991

642,023

PROVISIONS FOR LIABILITIES 27,373 21,451
NET ASSETS 808,618 620,572

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 808,518 620,472
SHAREHOLDERS' FUNDS 808,618 620,572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

PETERBOROUGH GAME COMPANY LTD (REGISTERED NUMBER: 05102491)

BALANCE SHEET - continued
31 MAY 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 Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:





R E Bennett - Director


PETERBOROUGH GAME COMPANY LTD (REGISTERED NUMBER: 05102491)

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


1. 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 2004, is being amortised evenly over its estimated useful life of ten 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 reducing balance
Office Equipment - 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 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.

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.

PETERBOROUGH GAME COMPANY LTD (REGISTERED NUMBER: 05102491)

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


2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 18 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 60,000
AMORTISATION
At 1 June 2023
and 31 May 2024 60,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Office Motor
property machinery Equipment vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023 32,829 172,996 7,661 112,961 326,447
Additions - 10,866 - 37,950 48,816
Disposals - - - (18,000 ) (18,000 )
At 31 May 2024 32,829 183,862 7,661 132,911 357,263
DEPRECIATION
At 1 June 2023 - 130,273 5,559 50,533 186,365
Charge for year - 7,139 395 31,449 38,983
Eliminated on disposal - - - (10,406 ) (10,406 )
At 31 May 2024 - 137,412 5,954 71,576 214,942
NET BOOK VALUE
At 31 May 2024 32,829 46,450 1,707 61,335 142,321
At 31 May 2023 32,829 42,723 2,102 62,428 140,082

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 228,761 156,439
Amounts owed by associates 246,550 -
Other debtors 14,678 12,507
489,989 168,946

PETERBOROUGH GAME COMPANY LTD (REGISTERED NUMBER: 05102491)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 92,081 135,590
Taxation and social security 111,110 78,594
Other creditors 123,985 127,882
327,176 342,066