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REGISTERED NUMBER: 08062349 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

PETER WESTWOOD FLOORING LIMITED

PETER WESTWOOD FLOORING LIMITED (REGISTERED NUMBER: 08062349)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PETER WESTWOOD FLOORING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr P Westwood





REGISTERED OFFICE: 155 Whitehouse Common Road
Sutton Coldfield
West Midlands
B75 6DT





REGISTERED NUMBER: 08062349 (England and Wales)





ACCOUNTANTS: Brookes Stephens
New Media House
Davidson Road
Lichfield
Staffordshire
WS14 9DZ

PETER WESTWOOD FLOORING LIMITED (REGISTERED NUMBER: 08062349)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 5 - 7,920
Tangible assets 6 3,934 5,245
3,934 13,165

Current assets
Debtors 7 35,486 7,897
Cash at bank 155,822 133,646
191,308 141,543
Creditors
Amounts falling due within one year 8 99,862 82,612
Net current assets 91,446 58,931
Total assets less current liabilities 95,380 72,096

Provisions for liabilities 747 997
Net assets 94,633 71,099

Capital and reserves
Called up share capital 9 100 100
Retained earnings 94,533 70,999
Shareholders' funds 94,633 71,099

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

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

The director acknowledges his 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.

PETER WESTWOOD FLOORING LIMITED (REGISTERED NUMBER: 08062349)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 director and authorised for issue on 14 March 2025 and were signed by:





Mr P Westwood - Director


PETER WESTWOOD FLOORING LIMITED (REGISTERED NUMBER: 08062349)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Peter Westwood Flooring Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, 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 etc - 25% 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 statement of financial position date.


PETER WESTWOOD FLOORING LIMITED (REGISTERED NUMBER: 08062349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

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

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 88,000
AMORTISATION
At 1 July 2023 80,080
Charge for year 7,920
At 30 June 2024 88,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 7,920

PETER WESTWOOD FLOORING LIMITED (REGISTERED NUMBER: 08062349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 20,244
DEPRECIATION
At 1 July 2023 14,999
Charge for year 1,311
At 30 June 2024 16,310
NET BOOK VALUE
At 30 June 2024 3,934
At 30 June 2023 5,245

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,946 4,809
Other debtors 4,540 3,088
35,486 7,897

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,569 1,357
Taxation and social security 20,469 2,399
Other creditors 73,824 78,856
99,862 82,612

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £30,600 (2023 - £25,488) were paid to the director .

At the year end, the company owed the officers £73,824 (2023 £78,856). These loans are interest free and repayable on demand.