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REGISTERED NUMBER: 02603391 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PETER WAGG LIMITED

PETER WAGG LIMITED (REGISTERED NUMBER: 02603391)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PETER WAGG LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr P D Wagg
Ms J Wagg





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 02603391 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

PETER WAGG LIMITED (REGISTERED NUMBER: 02603391)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 12,847 11,926

CURRENT ASSETS
Stocks 5 55,455 94,707
Debtors 6 124,098 118,406
Cash at bank and in hand 120,325 140,146
299,878 353,259
CREDITORS
Amounts falling due within one year 7 213,124 291,798
NET CURRENT ASSETS 86,754 61,461
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,601

73,387

CREDITORS
Amounts falling due after more than one
year

8

8,335

18,335
NET ASSETS 91,266 55,052

CAPITAL AND RESERVES
Called up share capital 9 165,000 165,000
Retained earnings (73,734 ) (109,948 )
SHAREHOLDERS' FUNDS 91,266 55,052

PETER WAGG LIMITED (REGISTERED NUMBER: 02603391)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by:





Mr P D Wagg - Director


PETER WAGG LIMITED (REGISTERED NUMBER: 02603391)

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


1. STATUTORY INFORMATION

Peter Wagg 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 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 Statement of Income and Retained Earnings, 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.

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 20 (2023 - 20 ) .

PETER WAGG LIMITED (REGISTERED NUMBER: 02603391)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 January 2024 332,000 176,443 508,443
Additions 1,968 1,721 3,689
At 31 December 2024 333,968 178,164 512,132
Depreciation
At 1 January 2024 326,502 170,015 496,517
Charge for year 1,276 1,492 2,768
At 31 December 2024 327,778 171,507 499,285
Net book value
At 31 December 2024 6,190 6,657 12,847
At 31 December 2023 5,498 6,428 11,926

5. STOCKS
31.12.24 31.12.23
£    £   
Stocks 55,455 94,707

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 5,481 6,646
Other debtors 118,617 111,760
124,098 118,406

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 10,832 10,832
Trade creditors 158,059 209,925
Taxation and social security 34,748 41,982
Other creditors 9,485 29,059
213,124 291,798

PETER WAGG LIMITED (REGISTERED NUMBER: 02603391)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Other creditors 8,335 18,335

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
130,350 Ordinary £1 130,350 130,350
33,000 Ordinary A £1 33,000 33,000
1,650 Ordinary B £1 1,650 1,650
165,000 165,000