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REGISTERED NUMBER: 05181949 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 September 2024

for

PETE MELLOR LIMITED

PETE MELLOR LIMITED (REGISTERED NUMBER: 05181949)






Contents of the Financial Statements
For The Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PETE MELLOR LIMITED

Company Information
For The Year Ended 30 September 2024







DIRECTORS: P C Mellor
Mrs S Mellor
Mrs J A Warren



SECRETARY: P C Mellor



REGISTERED OFFICE: Suite 3, Quantum House,
Skyline Court, Third Avenue
Centrum 100
Burton on Trent
Staffordshire
DE14 2BZ



REGISTERED NUMBER: 05181949 (England and Wales)



ACCOUNTANTS: Peach & Co.
Chartered Accountants
Suite 3, Quantum House,
Skyline Court, Third Avenue
Centrum 100
Burton on Trent
Staffordshire
DE14 2BZ



SOLICITORS: Astle Paterson
181 Horninglow Street
Burton on Trent
Staffordshire
DE14 1NJ

PETE MELLOR LIMITED (REGISTERED NUMBER: 05181949)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 999,673 988,068

CURRENT ASSETS
Stocks 140,107 186,484
Debtors 5 236,975 108,490
Prepayments and accrued income 14,570 11,017
Cash at bank and in hand 158 90,410
391,810 396,401
CREDITORS
Amounts falling due within one year 6 332,752 346,237
NET CURRENT ASSETS 59,058 50,164
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,058,731

1,038,232

CREDITORS
Amounts falling due after more than one
year

7

(325,936

)

(343,967

)

PROVISIONS FOR LIABILITIES (203,947 ) (201,502 )
NET ASSETS 528,848 492,763

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 528,847 492,762
SHAREHOLDERS' FUNDS 528,848 492,763

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

PETE MELLOR LIMITED (REGISTERED NUMBER: 05181949)

Balance Sheet - continued
30 September 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 15 April 2025 and were signed on its behalf by:




Mrs S Mellor - Director



Mrs J A Warren - Director


PETE MELLOR LIMITED (REGISTERED NUMBER: 05181949)

Notes to the Financial Statements
For The Year Ended 30 September 2024

1. STATUTORY INFORMATION

Pete Mellor 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 20% on cost and 10% 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PETE MELLOR LIMITED (REGISTERED NUMBER: 05181949)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 2,436,954
Additions 192,117
Disposals (166,000 )
At 30 September 2024 2,463,071
DEPRECIATION
At 1 October 2023 1,448,886
Charge for year 141,597
Eliminated on disposal (127,085 )
At 30 September 2024 1,463,398
NET BOOK VALUE
At 30 September 2024 999,673
At 30 September 2023 988,068

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023 742,138
Additions 180,500
Transfer to ownership (259,788 )
At 30 September 2024 662,850
DEPRECIATION
At 1 October 2023 291,245
Charge for year 64,081
Transfer to ownership (141,638 )
At 30 September 2024 213,688
NET BOOK VALUE
At 30 September 2024 449,162
At 30 September 2023 450,893

PETE MELLOR LIMITED (REGISTERED NUMBER: 05181949)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 236,921 108,435
Other debtors 54 55
236,975 108,490

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 56,230 55,957
Hire purchase contracts 88,473 100,288
Trade creditors 112,950 87,213
Taxation and social security 45,008 60,975
Other creditors 30,091 41,804
332,752 346,237

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 105,001 110,409
Other creditors 220,935 233,558
325,936 343,967

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 56,230 55,957
Hire purchase contracts 193,474 210,697
249,704 266,654

The bank overdraft is secured by way of a personal guarantee by the directors Mr P C and Mrs S Mellor. In addition, the bank has a legal charge over the private residence of the same directors.

The hire purchase and lease purchase liabilities are secured upon the assets to which they relate.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 30 September 2024, the company owed a total of £233,895 (2023 - £246,518) to its directors in the form of an interest free loan of which £12,960 (2023 - £12,960) is repayable within 12 months.

10. ULTIMATE CONTROLLING PARTY

The controlling party is P C Mellor.