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REGISTERED NUMBER: 04419929 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Peter Lodge Interiors Ltd

Peter Lodge Interiors Ltd (Registered number: 04419929)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Peter Lodge Interiors Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: P Lodge
Mrs R Lodge





SECRETARY: P Lodge





REGISTERED OFFICE: 36A Market Street
New Mills
Derbyshire
SK22 4AA





REGISTERED NUMBER: 04419929 (England and Wales)





ACCOUNTANTS: DLA Chartered Accountants
36A Market Street
New Mills
High Peak
SK22 4AA

Peter Lodge Interiors Ltd (Registered number: 04419929)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,486 1,933

CURRENT ASSETS
Stocks 25,657 23,537
Debtors 5 13,979 17,366
Cash at bank and in hand 25,745 18,334
65,381 59,237
CREDITORS
Amounts falling due within one year 6 39,439 33,297
NET CURRENT ASSETS 25,942 25,940
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,428

27,873

CREDITORS
Amounts falling due after more than one
year

7

27,315

32,871
NET ASSETS/(LIABILITIES) 113 (4,998 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13 (5,098 )
SHAREHOLDERS' FUNDS 113 (4,998 )

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 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 21 March 2025 and were signed on its behalf by:





P Lodge - Director


Peter Lodge Interiors Ltd (Registered number: 04419929)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Peter Lodge Interiors 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.

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
Computer equipment - 33% 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.

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 Lodge Interiors Ltd (Registered number: 04419929)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 1,446 3,737 3,171 8,354
Additions - - 143 143
Disposals (100 ) (249 ) (1,718 ) (2,067 )
At 30 June 2024 1,346 3,488 1,596 6,430
DEPRECIATION
At 1 July 2023 944 2,877 2,600 6,421
Charge for year 114 136 215 465
Eliminated on disposal (91 ) (144 ) (1,707 ) (1,942 )
At 30 June 2024 967 2,869 1,108 4,944
NET BOOK VALUE
At 30 June 2024 379 619 488 1,486
At 30 June 2023 502 860 571 1,933

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 568 -
Directors' current accounts 9,332 15,262
Tax 2,579 604
Prepayments 1,500 1,500
13,979 17,366

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 20,781 13,709
Trade creditors 6,234 9,066
Tax 1,964 303
Social security and other taxes 1,304 944
VAT 3,546 3,750
Accrued expenses 5,610 5,525
39,439 33,297

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years 5,556 5,556
Bank loans - 2-5 years 11,111 16,667
Bank loans more 5 yr by instal 10,648 10,648
27,315 32,871

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,648 10,648

Peter Lodge Interiors Ltd (Registered number: 04419929)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company was owed £9,332 (2023: £15,263) from the director Mr. P. Lodge. This balance is within debtors and is repayable on demand.