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REGISTERED NUMBER: 08224432 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 September 2024

for

Pedley Accountants Limited
Trading as
Pedley & Co

Pedley Accountants Limited (Registered number: 08224432)
Trading as Pedley & Co






Contents of the Financial Statements
For The Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pedley Accountants Limited
Trading as Pedley & Co

Company Information
For The Year Ended 30 September 2024







DIRECTORS: J J Marchant FCCA
J Watson





REGISTERED OFFICE: 82 Nottingham Road
Somercotes
Alfreton
Derbyshire
DE55 4LY





REGISTERED NUMBER: 08224432 (England and Wales)





ACCOUNTANTS: Pedley & Co.
82 Nottingham Road
Somercotes
Alfreton
Derbyshire
DE55 4LY

Pedley Accountants Limited (Registered number: 08224432)
Trading as Pedley & Co

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 121,539 136,539
Tangible assets 5 1,761 2,847
123,300 139,386

CURRENT ASSETS
Debtors 6 77,416 73,814
Cash at bank and in hand 137,077 150,666
214,493 224,480
CREDITORS
Amounts falling due within one year 7 147,395 184,055
NET CURRENT ASSETS 67,098 40,425
TOTAL ASSETS LESS CURRENT
LIABILITIES

190,398

179,811

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 190,394 179,807
SHAREHOLDERS' FUNDS 190,398 179,811

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 9 June 2025 and were signed on its behalf by:



J Watson - Director


Pedley Accountants Limited (Registered number: 08224432)
Trading as Pedley & Co

Notes to the Financial Statements
For The Year Ended 30 September 2024

1. STATUTORY INFORMATION

Pedley Accountants 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

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.

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.

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 - 9 ) .

Pedley Accountants Limited (Registered number: 08224432)
Trading as Pedley & Co

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 301,539
AMORTISATION
At 1 October 2023 165,000
Amortisation for year 15,000
At 30 September 2024 180,000
NET BOOK VALUE
At 30 September 2024 121,539
At 30 September 2023 136,539

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2023 37,109
Additions 1,781
At 30 September 2024 38,890
DEPRECIATION
At 1 October 2023 34,262
Charge for year 2,867
At 30 September 2024 37,129
NET BOOK VALUE
At 30 September 2024 1,761
At 30 September 2023 2,847

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 64,573 70,131
Other debtors 12,843 3,683
77,416 73,814

Pedley Accountants Limited (Registered number: 08224432)
Trading as Pedley & Co

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,601 12,700
Taxation and social security 47,384 65,630
Other creditors 94,410 105,725
147,395 184,055