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REGISTERED NUMBER: 10069301 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Josie's Petersfield Limited

Josie's Petersfield Limited (Registered number: 10069301)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Josie's Petersfield Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mrs J B Latouf
Mr C P Latouf





REGISTERED OFFICE: 6 High Street
Bishops Waltham
Southampton
Hampshire
SO32 1AA





REGISTERED NUMBER: 10069301 (England and Wales)





ACCOUNTANTS: Ledger Accounting Services Limited
12 West Links
Tollgate
Chandlers Ford
Southampton
Hampshire
SO53 3TG

Josie's Petersfield Limited (Registered number: 10069301)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 147,285 137,113

CURRENT ASSETS
Stocks 3,722 4,327
Debtors 5 295,605 211,537
Cash at bank and in hand 147,628 194,905
446,955 410,769
CREDITORS
Amounts falling due within one year 6 119,952 142,916
NET CURRENT ASSETS 327,003 267,853
TOTAL ASSETS LESS CURRENT
LIABILITIES

474,288

404,966

CREDITORS
Amounts falling due after more than one
year

7

(9,783

)

(19,783

)

PROVISIONS FOR LIABILITIES (23,579 ) (19,180 )
NET ASSETS 440,926 366,003

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 438,926 364,003
440,926 366,003

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.

Josie's Petersfield Limited (Registered number: 10069301)

Balance Sheet - continued
31 December 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 20 May 2025 and were signed on its behalf by:





Mr C P Latouf - Director


Josie's Petersfield Limited (Registered number: 10069301)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Josie's Petersfield 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.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- the Company has transferred the significant risks and rewards of ownership to the buyer;
- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - at varying rates on cost
Plant and machinery etc - 33% on cost and 15% 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.


Josie's Petersfield Limited (Registered number: 10069301)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

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 23 (2023 - 29 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 37,636 255,548 293,184
Additions - 30,238 30,238
At 31 December 2024 37,636 285,786 323,422
DEPRECIATION
At 1 January 2024 11,119 144,952 156,071
Charge for year 1,326 18,740 20,066
At 31 December 2024 12,445 163,692 176,137
NET BOOK VALUE
At 31 December 2024 25,191 122,094 147,285
At 31 December 2023 26,517 110,596 137,113

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed by group undertakings 279,188 203,071
Other debtors 16,417 8,466
295,605 211,537

Josie's Petersfield Limited (Registered number: 10069301)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 8,550 8,550
Trade creditors 29,069 43,946
Taxation and social security 69,131 75,899
Other creditors 13,202 14,521
119,952 142,916

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 9,783 19,783