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REGISTERED NUMBER: 02284651 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PEDRETTE ENGINEERING LIMITED

PEDRETTE ENGINEERING LIMITED (REGISTERED NUMBER: 02284651)






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


PEDRETTE ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: D J Pedrette
Mrs E Pedrette





SECRETARY: Mrs E Pedrette





REGISTERED OFFICE: Unit 1
Ashville Trading Estate
Bristol Road
Gloucester
GL2 5EU





REGISTERED NUMBER: 02284651 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

PEDRETTE ENGINEERING LIMITED (REGISTERED NUMBER: 02284651)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 43,910 48,944
43,910 48,944

CURRENT ASSETS
Stocks 148,831 117,534
Debtors 6 106,374 123,183
Cash at bank 7,642 21,461
262,847 262,178
CREDITORS
Amounts falling due within one year 7 219,309 252,411
NET CURRENT ASSETS 43,538 9,767
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,448

58,711

CREDITORS
Amounts falling due after more than one
year

8

(4,167

)

(14,167

)

PROVISIONS FOR LIABILITIES (9,889 ) (9,913 )
NET ASSETS 73,392 34,631

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 72,392 33,631
SHAREHOLDERS' FUNDS 73,392 34,631

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.

PEDRETTE ENGINEERING LIMITED (REGISTERED NUMBER: 02284651)

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 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 22 May 2025 and were signed on its behalf by:




D J Pedrette - Director



Mrs E Pedrette - Director


PEDRETTE ENGINEERING LIMITED (REGISTERED NUMBER: 02284651)

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

1. STATUTORY INFORMATION

Pedrette Engineering 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going Concern
There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.

Turnover
Turnover is measured at the fair value of the consideration receivable based on goods delivered and services provided during the period excluding discounts, rebates, value added tax and other sales taxes and in the case of contact work the value of the work done during the period, including a proportion of foreseeable profit where this can be assessed with reasonable certainty..

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Deferred development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Motor vehicles - 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.

Work in progress is valued at the lower of cost and net realisable value together with a proportion of foreseeable profit if appropriate.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Financial instruments
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.


PEDRETTE ENGINEERING LIMITED (REGISTERED NUMBER: 02284651)

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

2. ACCOUNTING POLICIES - continued
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 balance sheet date.

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.

Research and development
Expenditure on product development is charged to the profit and loss account as it is incurred except where it relates to individual projects. Where the recoverability of expenditure on individual projects is reasonably assured the expenditure (including a reasonable allocation of overheads expenses) is deferred until the commencement of commercial production and then amortised over the relevant period of production.

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.

Provisions
Provisions are only set up where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

PEDRETTE ENGINEERING LIMITED (REGISTERED NUMBER: 02284651)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 44,537
AMORTISATION
At 1 January 2024
and 31 December 2024 44,537
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
CafÚ Plant and Motor
improvements machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2024 53,847 252,840 74,691 381,378
Additions - 1,247 - 1,247
At 31 December 2024 53,847 254,087 74,691 382,625
DEPRECIATION
At 1 January 2024 53,847 212,310 66,277 332,434
Charge for year - 4,178 2,103 6,281
At 31 December 2024 53,847 216,488 68,380 338,715
NET BOOK VALUE
At 31 December 2024 - 37,599 6,311 43,910
At 31 December 2023 - 40,530 8,414 48,944

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 87,007 116,719
Directors' current accounts 1,944 -
Prepayments 17,423 6,464
106,374 123,183

PEDRETTE ENGINEERING LIMITED (REGISTERED NUMBER: 02284651)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 85,452 106,960
Corporation Tax 12,693 4,975
Social security and other taxes 7,076 10,435
VAT 13,432 30,600
Other creditors 1,921 1,303
Directors' current accounts - 683
Accrued expenses 5,834 9,256
Sales in advance 82,901 78,199
219,309 252,411

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 4,167 10,000
Bank loans - 2-5 years - 4,167
4,167 14,167

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 14,167 24,167

On 25 July 2000 Lloyds TSB Bank plc registered a fixed and floating charge over the undertaking and all property and assets of the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
D J Pedrette and Mrs E Pedrette
Balance outstanding at start of year (683 ) (19,525 )
Amounts advanced 2,627 18,842
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,944 (683 )

The above loan account does not have any set repayment terms or interest charged.