Registered number
11159179
Peters Basingstoke Limited
Unaudited Filleted Accounts
30 September 2024
Peters Basingstoke Limited
Registered number: 11159179
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 323 380
Current assets
Stocks 1,000 2,370
Debtors 4 - 100
Cash at bank and in hand 17,575 13,071
18,575 15,541
Creditors: amounts falling due within one year 5 (14,144) (14,820)
Net current assets 4,431 721
Net assets 4,754 1,101
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,654 1,001
Shareholder's funds 4,754 1,101
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr W M Tse
Director
Approved by the board on 11 June 2025
Peters Basingstoke Limited
Notes to the Accounts
for the year ended 30 September 2024
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:
Fixtures and fittings 15% on reducing balance
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
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 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 October 2023 580
At 30 September 2024 580
Depreciation
At 1 October 2023 200
Charge for the year 57
At 30 September 2024 257
Net book value
At 30 September 2024 323
At 30 September 2023 380
4 Debtors 2024 2023
£ £
Other debtors - 100
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 875
Taxation and social security costs 6,430 6,895
Other creditors 7,714 7,050
14,144 14,820
6 Controlling party
The company is under the control of the director, Mr W M Tse by virtue of his shareholdings in the company.
7 Other information
Peters Basingstoke Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2, 1 Fair Isle House
Lindisfarne Close
Popley Basingstoke
Hampshire
RG24 9XD
Peters Basingstoke Limited 11159179 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts April 2025 Mr W M Tse No description of principal activity 11159179 2022-10-01 2023-09-30 11159179 core:WithinOneYear 2023-09-30 11159179 core:ShareCapital 2023-09-30 11159179 core:RetainedEarningsAccumulatedLosses 2023-09-30 11159179 2023-10-01 2024-09-30 11159179 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11159179 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 11159179 bus:Director40 2023-10-01 2024-09-30 11159179 1 2023-10-01 2024-09-30 11159179 2 2023-10-01 2024-09-30 11159179 core:Vehicles 2023-10-01 2024-09-30 11159179 countries:England 2023-10-01 2024-09-30 11159179 bus:FRS102 2023-10-01 2024-09-30 11159179 bus:FilletedAccounts 2023-10-01 2024-09-30 11159179 2024-09-30 11159179 core:WithinOneYear 2024-09-30 11159179 core:ShareCapital 2024-09-30 11159179 core:RetainedEarningsAccumulatedLosses 2024-09-30 11159179 core:Vehicles 2024-09-30 11159179 2023-09-30 11159179 core:Vehicles 2023-09-30 iso4217:GBP xbrli:pure