Registered number
13802459
Pea Green Shop Limited
Unaudited Filleted Accounts
31 January 2025
Pea Green Shop Limited
Registered number: 13802459
Balance Sheet
as at 31 January 2025
Notes 2025 2023
£ £
Fixed assets
Intangible assets 3 - 1,350
Tangible assets 4 - 828
- 2,178
Current assets
Stocks - 1,194
Cash at bank and in hand - 5,922
- 7,116
Creditors: amounts falling due within one year 5 (51,460) (51,045)
Net current liabilities (51,460) (43,929)
Net liabilities (51,460) (41,751)
Capital and reserves
Called up share capital 100 100
Profit and loss account (51,560) (41,851)
Shareholders' funds (51,460) (41,751)
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.
Mrs T Lee Mrs J Tetlow
Director Director
Approved by the board on 26 May 2025 Approved by the board on 26 May 2025
Pea Green Shop Limited
Notes to the Accounts
for the period from 1 January 2024 to 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).The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors and Creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
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 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Intagible Assets:
Cost
At 1 January 2024 2,700
Disposals (2,700)
At 31 January 2025 -
Amortisation
At 1 January 2024 1,350
Provided during the period (1,350)
At 31 January 2025 -
Net book value
At 31 January 2025 -
At 31 December 2023 1,350
Intangible assets are being written off in equal annual instalments over its estimated economic life of 4 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 1,656
Disposals (1,656)
At 31 January 2025 -
Depreciation
At 1 January 2024 828
Charge for the period (828)
At 31 January 2025 -
Net book value
At 31 January 2025 -
At 31 December 2023 828
5 Creditors: amounts falling due within one year 2025 2023
£ £
Trade creditors - 134
Other creditors 51,460 50,911
51,460 51,045
6 Other information
Pea Green Shop Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Providence Court
Pynes Hill
Exeter
Devon
EX2 5JL
The period-end has changed from 31 December 2024 to 31 January 2025 due to the cessation of the company. As such, the comparatives are not entirely comparable.
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