1 August 2023 false Taxfiler 2024.6 12098805business:PrivateLimitedCompanyLtd2023-08-012024-07-31 120988052023-07-31 120988052023-08-012024-07-31 12098805business:AuditExemptWithAccountantsReport2023-08-012024-07-31 12098805business:FilletedAccounts2023-08-012024-07-31 120988052024-07-31 12098805business:Director12023-08-012024-07-31 12098805business:Director22023-08-012024-07-31 12098805business:RegisteredOffice2023-08-012024-07-31 120988052023-07-31 12098805core:WithinOneYear2024-07-31 12098805core:WithinOneYear2023-07-31 12098805core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 12098805core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 12098805core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 12098805core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 12098805core:PreviouslyStatedAmount2024-07-31 12098805core:PreviouslyStatedAmount2023-07-31 12098805business:SmallEntities2023-08-012024-07-31 12098805countries:EnglandWales2023-08-012024-07-31 12098805core:MotorVehicles2023-08-012024-07-31 12098805core:ComputerEquipment2023-08-012024-07-31 12098805core:MotorVehicles2023-07-31 12098805core:ComputerEquipment2023-07-31 12098805core:MotorVehicles2024-07-31 12098805core:ComputerEquipment2024-07-31 12098805core:AfterOneYear2024-07-31 12098805core:AfterOneYear2023-07-31 12098805business:OrdinaryShareClass12023-08-012024-07-31 12098805business:OrdinaryShareClass12022-08-012023-07-31 12098805business:Director112023-08-012024-07-31 12098805business:Director112023-07-31 12098805business:Director112024-07-31 12098805business:Director222023-08-012024-07-31 12098805business:Director222023-07-31 12098805business:Director222024-07-31 120988052022-08-012023-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 12098805 (England and Wales)
PETER DIY LTD Amended Unaudited accounts for the year ended 31 July 2024
PETER DIY LTD Amended Unaudited accounts Contents
Page
- 2 -
PETER DIY LTD Company Information for the year ended 31 July 2024
Directors
Piotr Stefan Lis Magdalena Lis
Company Number
12098805 (England and Wales)
Registered Office
Bollin House Bollin Walk Wilmslow SK9 1DP United Kingdom
Accountants
CloudAccountant.co.uk Bollin House Bollin Link Wilmslow Cheshire SK9 1DP
- 3 -
PETER DIY LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,094 
4,125 
Current assets
Inventories
41,147 
43,253 
Debtors
136,650 
29,559 
Cash at bank and in hand
224,437 
249,704 
402,234 
322,516 
Creditors: amounts falling due within one year
(37,337)
(32,907)
Net current assets
364,897 
289,609 
Total assets less current liabilities
367,991 
293,734 
Provisions for liabilities
Deferred tax
(1,640)
(866)
Net assets
366,351 
292,868 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
366,349 
292,866 
Shareholders' funds
366,351 
292,868 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 April 2025 and were signed on its behalf by
Piotr Stefan Lis Director Company Registration No. 12098805
- 4 -
PETER DIY LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
PETER DIY LTD is a private company, limited by shares, registered in England and Wales, registration number 12098805. The registered office is Bollin House, Bollin Walk, Wilmslow, SK9 1DP, United Kingdom.
2
Compliance with accounting standards
These financial statements are the first prepared in accordance with the provisions of FRS 102 Section 1A – Small Entities, following the transition from FRS 105 – The Financial Reporting Standard applicable to the Micro-entities Regime. The date of transition was 1 August 2023. As a result of this transition, certain comparative amounts have been restated, and a prior year adjustment has been made to reflect the recognition of deferred tax liabilities in accordance with FRS 102. A reconciliation of the impact of the transition is provided in the notes to the financial statements.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Computer equipment
3 years straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
PETER DIY LTD Notes to the Accounts for the year ended 31 July 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
5,500 
183 
5,683 
Disposals
- 
(183)
(183)
At 31 July 2024
5,500 
- 
5,500 
Depreciation
At 1 August 2023
1,375 
183 
1,558 
Charge for the year
1,031 
- 
1,031 
On disposals
- 
(183)
(183)
At 31 July 2024
2,406 
- 
2,406 
Net book value
At 31 July 2024
3,094 
- 
3,094 
At 31 July 2023
4,125 
- 
4,125 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,941 
19,079 
Accrued income and prepayments
2,888 
206 
Other debtors
25,821 
10,274 
37,650 
29,559 
Amounts falling due after more than one year
Other debtors
99,000 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
10,464 
11,089 
Trade creditors
514 
- 
Taxes and social security
25,236 
21,226 
Loans from directors
1,123 
592 
37,337 
32,907 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
- 6 -
PETER DIY LTD Notes to the Accounts for the year ended 31 July 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Piotr Stefan Lis
Non-interest bearing advances made to the company by the director (repayable on demand)
(592)
(220)
- 
(812)
Magdalena Lis
Non-interest bearing advances made to the company by the director (repayable on demand)
- 
(312)
- 
(312)
(592)
(532)
- 
(1,124)
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
10
Reconciliations on adoption of FRS 102
Reconciliation of equity
1 August 2022 
31 July 2023 
£ 
£ 
Capital and reserves (as previously stated)
293,734 
Deferred tax provision
(866)
Capital and reserves (as restated)
292,868 
Reconciliation of profit or loss for the year
31 July 2023 
£ 
Profit for the year (as previously stated)
83,668 
Deferred tax provision
(866)
Profit for the year (as restated)
82,802 
- 7 -