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REGISTERED NUMBER: 09315846 (England and Wales)















PETTICOAT LANE EMPORIUM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






PETTICOAT LANE EMPORIUM LIMITED (REGISTERED NUMBER: 09315846)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PETTICOAT LANE EMPORIUM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: R Tozer





REGISTERED OFFICE: 47 Dumpton Park Drive
Ramsgate
Kent
CT11 8AD





REGISTERED NUMBER: 09315846 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

PETTICOAT LANE EMPORIUM LIMITED (REGISTERED NUMBER: 09315846)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 9,523 12,120

CURRENT ASSETS
Debtors 5 40,677 42,109
Cash at bank 91,072 106,995
131,749 149,104
CREDITORS
Amounts falling due within one year 6 (72,509 ) (95,856 )
NET CURRENT ASSETS 59,240 53,248
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,763

65,368

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 7 68,761 65,366
SHAREHOLDERS' FUNDS 68,763 65,368

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 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.

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 22 April 2025 and were signed by:





R Tozer - Director


PETTICOAT LANE EMPORIUM LIMITED (REGISTERED NUMBER: 09315846)

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

1. STATUTORY INFORMATION

Petticoat Lane Emporium 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.
Plant and machinery - 25% on reducing balance
Fixture & Fittings - 25% on reducing balance
Computer equipment - 33% on cost

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 Fixture & Computer
machinery Fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 26,408 235 6,431 33,074
Additions 1,427 - - 1,427
At 31 December 2024 27,835 235 6,431 34,501
DEPRECIATION
At 1 January 2024 15,189 218 5,547 20,954
Charge for year 3,162 4 858 4,024
At 31 December 2024 18,351 222 6,405 24,978
NET BOOK VALUE
At 31 December 2024 9,484 13 26 9,523
At 31 December 2023 11,219 17 884 12,120

PETTICOAT LANE EMPORIUM LIMITED (REGISTERED NUMBER: 09315846)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 32,974 31,679
Other debtors 7,703 10,430
40,677 42,109

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,981 29,339
Taxation and social security 1,795 5,608
Other creditors 61,733 60,909
72,509 95,856

7. RESERVES
Retained
earnings
£   

At 1 January 2024 65,366
Profit for the year 3,395
At 31 December 2024 68,761