Registered number
06076061
Pete Allibone Limited
Filleted Accounts
31 January 2025
Pete Allibone Limited
Registered number: 06076061
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 262,383 286,785
Investments 4 1 1
262,384 286,786
Current assets
Debtors 5 11,982 13,565
Cash at bank and in hand 96,753 90,631
108,735 104,196
Creditors: amounts falling due within one year 6 (94,331) (79,246)
Net current assets 14,404 24,950
Total assets less current liabilities 276,788 311,736
Provisions for liabilities (16,573) (16,573)
Net assets 260,215 295,163
Capital and reserves
Called up share capital 1 1
Profit and loss account 260,214 295,162
Shareholders' funds 260,215 295,163
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P J Allibone
Director
Approved by the board on 16 June 2025
Pete Allibone Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2024 2,384 657,555 41,104 701,043
Additions - 61,709 - 61,709
At 31 January 2025 2,384 719,264 41,104 762,752
Depreciation
At 1 February 2024 381 393,838 20,039 414,258
Charge for the year 144 76,330 9,637 86,111
At 31 January 2025 525 470,168 29,676 500,369
Net book value
At 31 January 2025 1,859 249,096 11,428 262,383
At 31 January 2024 2,003 263,717 21,065 286,785
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 February 2024 1
At 31 January 2025 1
5 Debtors 2025 2024
£ £
Trade debtors 4,097 -
Amounts owed by group undertakings and undertakings in which the company has a participating interest 3,845 8,690
Other debtors 4,040 4,875
11,982 13,565
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors (22,805) -
Taxation and social security costs 21,628 1,269
Other creditors 95,508 77,977
94,331 79,246
7 Controlling party
The company considers the director to be its controlling party.
8 Other information
Pete Allibone Limited is a private company limited by shares and incorporated in England. Its registered office is:
81 Hyperion Walk
Horley
Surrey
RH6 7DB
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