Registered number
08541671
Peter Head Limited
Filleted Accounts
31 May 2024
Peter Head Limited
Registered number: 08541671
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 2,782
Current assets
Debtors 4 3,223 4,995
Cash at bank and in hand 3,200 13,325
6,423 18,320
Creditors: amounts falling due within one year 5 (2,454) (1,165)
Net current assets 3,969 17,155
Total assets less current liabilities 3,969 19,937
Creditors: amounts falling due after more than one year 6 (200) (200)
Provisions for liabilities - (528)
Net assets 3,769 19,209
Capital and reserves
Called up share capital 200 200
Profit and loss account 3,569 19,009
Shareholders' funds 3,769 19,209
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Head
Director
Approved by the board on 24 February 2025
Peter Head Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Summary of significant accounting policies
Basis of preparation
The accounts have been prepared in accordance with Financial Reporting Standard 102 (FRS 102) and the Companies Act 2006 (as applicable to companies subject to the small company regime).

The significant accounting policies applied in the preparation of these statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

As explained in note 8 to the financial statements, the company ceased trading on 31 May 2024 and the financial statements have been prepared on a basis other than that of the going concern basis. This has had the effect of assessing the recoverable amounts or the amounts that can be realised on the disposal, after allowing for any cost of disposal, of current assets, and the realistic value of tangible and intangible fixed assets as well as the amounts payable for liabilities. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes and represents amounts recoverable from clients for consultancy services and associated expenses provided during the year. Turnover is recognised when the amount can be reliably measured and it is probable that future economic benefits will flow. Recognition of turnover is in the period in which the services are rendered by reference to the stage of completion which is assessed on the actual services provided as a proportion of the total value of the services to be provided.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20 % straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Employee benefits
When employees have rendered service to the company, short term employee benefits to which the employees are entitled are recognised at the amount expected to be paid in exchange for that service.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 June 2023 7,607
Additions 548
Disposals (8,155)
At 31 May 2024 -
Depreciation
At 1 June 2023 4,825
Charge for the year 957
On disposals (5,782)
At 31 May 2024 -
Net book value
At 31 May 2024 -
At 31 May 2023 2,782
4 Debtors 2024 2023
£ £
Trade debtors 750 1,500
Other debtors 2,473 3,495
3,223 4,995
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 2,454 1,165
6 Creditors: amounts falling due after one year 2024 2023
£ £
Non-equity preference shares 200 200
7 Share Capital Nominal 2022 2024 2023
value Number £ £
Allotted, called up and fully paid:
A Ordinary shares £1 each 100 100 100
B Ordinary shares £1 each 100 100 100
200 200
Preference shares £1 each 200 200 200
200 200
The ordinary A shares hold full rights in the company with respect to voting, dividends and distributions.

The ordinary B shares have no voting rights and payments of dividends is determined by the director.
8 Events after the reporting date
The director have taken the decision to cease trading on 31 May 2024. The company will be dissolved in due course.
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
P Head
During the year various amounts were lent to the director. Interest of £27 (2023 - £187) was due on the loan. 1,518 1,428 (2,314) 632
1,518 1,428 (2,314) 632
10 Related party transactions
Use of home as office paid to the director was £312 ( 2023 - £312). The company sold its fixed assets to the director for £500.
11 Other information
Peter Head Limited is a private company limited by shares and incorporated in England. Its registered office is:
The History Room at Farnham Pottery
Pottery Lane
Wrecclesham, Farnham
Surrey
GU10 4QJ
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