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Company Registration No. 13575181 (England and Wales)
PETINI & CO LIMITED Unaudited accounts for the year ended 31 August 2024
PETINI & CO LIMITED Unaudited accounts Contents
Page
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PETINI & CO LIMITED Company Information for the year ended 31 August 2024
Directors
ENRICO PETINI JANET PETINI
Company Number
13575181 (England and Wales)
Registered Office
19 BURNHOLME WAY ST. MARY PARK MORPETH NE61 6BS ENGLAND
Accountants
GHB MORTON HOUSE DURHAM DH4 6QA
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PETINI & CO LIMITED Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
175,000 
- 
Tangible assets
152,357 
36,742 
327,357 
36,742 
Current assets
Inventories
23,500 
- 
Debtors
524,677 
- 
Cash at bank and in hand
80,770 
16,026 
628,947 
16,026 
Creditors: amounts falling due within one year
(877,256)
(51,405)
Net current liabilities
(248,309)
(35,379)
Total assets less current liabilities
79,048 
1,363 
Creditors: amounts falling due after more than one year
(31,657)
- 
Net assets
47,391 
1,363 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
47,389 
1,361 
Shareholders' funds
47,391 
1,363 
For the year ending 31 August 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 19 May 2025 and were signed on its behalf by
ENRICO PETINI Director Company Registration No. 13575181
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PETINI & CO LIMITED Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
PETINI & CO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13575181. The registered office is 19 BURNHOLME WAY, ST. MARY PARK, MORPETH, NE61 6BS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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.
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2023
- 
Additions
175,000 
At 31 August 2024
175,000 
Amortisation
At 1 September 2023
- 
At 31 August 2024
- 
Net book value
At 31 August 2024
175,000 
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PETINI & CO LIMITED Notes to the Accounts for the year ended 31 August 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2023
36,742 
- 
- 
- 
36,742 
Additions
- 
125,010 
24,222 
3,125 
152,357 
Disposals
(36,742)
- 
- 
- 
(36,742)
At 31 August 2024
- 
125,010 
24,222 
3,125 
152,357 
Depreciation
At 31 August 2024
- 
- 
- 
- 
- 
Net book value
At 31 August 2024
- 
125,010 
24,222 
3,125 
152,357 
At 31 August 2023
36,742 
- 
- 
- 
36,742 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
65,000 
- 
Amounts falling due after more than one year
Other debtors
459,677 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
75,301 
- 
Obligations under finance leases and hire purchase contracts
7,201 
- 
Trade creditors
9,723 
- 
Taxes and social security
11,141 
- 
Other creditors
- 
14,663 
Loans from directors
773,890 
36,742 
877,256 
51,405 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
31,657 
- 
9
Average number of employees
During the year the average number of employees was 28 (2023: 2).
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