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R.A.PEATEY & SONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






R.A.PEATEY & SONS LIMITED (REGISTERED NUMBER: 00536404)

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


R.A.PEATEY & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: D M Spencer





REGISTERED OFFICE: Calcutta Works
Green Lane
Yeadon
Nr Leeds
LS19 7BY





REGISTERED NUMBER: 00536404 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY

R.A.PEATEY & SONS LIMITED (REGISTERED NUMBER: 00536404)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,180 28,726

CURRENT ASSETS
Stocks 74,896 65,522
Debtors 5 471,108 353,083
Cash at bank and in hand 26,955 27,574
572,959 446,179
CREDITORS
Amounts falling due within one year 6 519,247 353,187
NET CURRENT ASSETS 53,712 92,992
TOTAL ASSETS LESS CURRENT LIABILITIES 72,892 121,718

CREDITORS
Amounts falling due after more than one year 7 (4,670 ) (15,059 )

PROVISIONS FOR LIABILITIES 9 (4,795 ) (6,406 )
NET ASSETS 63,427 100,253

CAPITAL AND RESERVES
Called up share capital 145 145
Other reserves 400 400
Retained earnings 62,882 99,708
SHAREHOLDERS' FUNDS 63,427 100,253

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 director acknowledges his 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.

R.A.PEATEY & SONS LIMITED (REGISTERED NUMBER: 00536404)

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 director and authorised for issue on 6 June 2025 and were signed by:





D M Spencer - Director


R.A.PEATEY & SONS LIMITED (REGISTERED NUMBER: 00536404)

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


1. STATUTORY INFORMATION

R.A.Peatey & Sons 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost and 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.

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.

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.

R.A.PEATEY & SONS LIMITED (REGISTERED NUMBER: 00536404)

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


2. ACCOUNTING POLICIES - continued

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 23 (2023 - 23 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2024 821,331
Additions 3,387
At 31 December 2024 824,718
DEPRECIATION
At 1 January 2024 792,605
Charge for year 12,933
At 31 December 2024 805,538
NET BOOK VALUE
At 31 December 2024 19,180
At 31 December 2023 28,726

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 382,002 240,379
Other debtors 45 45
Prepayments 89,061 112,659
471,108 353,083

R.A.PEATEY & SONS LIMITED (REGISTERED NUMBER: 00536404)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 180,637 42,811
Hire purchase contracts (see note 8) - 1,355
Trade creditors 194,116 172,744
Tax 40,222 27,656
Social security and other taxes 19,552 29,189
VAT 44,777 40,422
Other creditors 1,741 406
Directors' current accounts 114 314
Accrued expenses 38,088 38,290
519,247 353,187

The director's loan account is interest free and repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans - 1-2 years 4,670 10,397
Bank loans - 2-5 years - 4,413
Hire purchase contracts (see note 8) - 249
4,670 15,059

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.24 31.12.23
£    £   
Net obligations repayable:
Within one year - 1,355
Between one and five years - 249
- 1,604

R.A.PEATEY & SONS LIMITED (REGISTERED NUMBER: 00536404)

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


8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
31.12.24 31.12.23
£    £   
Within one year 23,706 32,224
Between one and five years 49,065 61,286
In more than five years - 2,876
72,771 96,386

9. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 4,795 6,406

Deferred
tax
£   
Balance at 1 January 2024 6,406
Accelerated capital allowances (1,611 )
Balance at 31 December 2024 4,795

The deferred tax provision is made up entirely of accelerated capital allowances.

10. ULTIMATE CONTROLLING PARTY

The controlling party is D M Spencer.