1 January 2024 v2025.59.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity0falsexbrli:purexbrli:sharesiso4217:GBP138190162024-01-012024-12-31138190162024-12-3113819016bus:Director12024-01-012024-12-3113819016bus:Director22024-01-012024-12-3113819016bus:RegisteredOffice2024-01-012024-12-31138190162023-01-012023-12-3113819016core:RetainedEarningsAccumulatedLosses2024-01-0113819016core:RetainedEarningsAccumulatedLosses2023-01-0113819016core:RetainedEarningsAccumulatedLosses2024-01-012024-12-3113819016core:RetainedEarningsAccumulatedLosses2023-01-012023-12-3113819016core:RetainedEarningsAccumulatedLosses2024-12-3113819016core:RetainedEarningsAccumulatedLosses2023-12-31138190162023-12-3113819016core:WithinOneYear2024-12-3113819016core:WithinOneYear2023-12-3113819016core:AfterOneYear2023-12-3113819016core:ShareCapital2024-12-3113819016core:ShareCapital2023-12-3113819016core:PlantMachinery2024-01-012024-12-3113819016core:PlantMachinery2024-01-0113819016core:PlantMachinery2023-12-3113819016core:BetweenOneFiveYears2024-12-3113819016core:BetweenOneFiveYears2023-12-311381901612024-01-012024-12-3113819016countries:EnglandWales2024-01-012024-12-3113819016bus:AuditExemptWithAccountantsReport2024-01-012024-12-3113819016bus:PrivateLimitedCompanyLtd2024-01-012024-12-3113819016bus:SmallEntities2024-01-012024-12-3113819016bus:FullAccounts2024-01-012024-12-31
Company registration number:
13819016
Peregrine Solutions Limited
Unaudited Financial Statements for the year ended
31 December 2024
Peregrine Solutions Limited
Officers and Professional Advisers
Year ended
31 December 2024
Directors
H Knowlson
J Knowlson
Registered office
55 Hoole Road
55 Hoole Road
Chester
CH2 3NJ
United Kingdom
Accountant
Atkinson Accounts
Egerton House
55 Hoole Road
Chester
CH2 3NJ
United Kingdom
Peregrine Solutions Limited
Directors' Report
Year ended
31 December 2024
The directors present their report and the unaudited
financial statements
of the company for the year ended 31 December 2024.

Directors

The directors who served the company during the year were as follows:
H Knowlson
J Knowlson

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
9 May 2025
and signed on behalf of the board by:
J Knowlson
Director
Peregrine Solutions Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Peregrine Solutions Limited
Year ended
31 December 2024
As described on the statement of financial position, the Board of Directors of
Peregrine Solutions Limited
are responsible for the preparation of the
financial statements
for the year ended
31 December 2024
, which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Atkinson Accounts
Egerton House
55 Hoole Road
Chester
CH2 3NJ
United Kingdom
Peregrine Solutions Limited
Income Statement
Year ended
31 December 2024
20242023
££
Turnover
137,339
 
76,336
 
Cost of sales
(6,542
 ) (20,266 )
Gross profit
130,797
 
56,070
 
Administrative expenses
(47,519
 )
(36,160
 )
Operating profit
83,278
 
19,910
 
Profit before tax
83,278
 
19,910
 
Tax on profit
(18,870
 )
(709
 )
Profit for the financial year
64,408
 
19,201
 
The company has no other recognised items of income or expense other than the results for the year as set out above.
Peregrine Solutions Limited
Statement of Income and Retained Earnings
Year ended
31 December 2024
20242023
££
Retained earnings at the start of the year
277
 
(9,174
 )
Profit for the financial year
64,408
 
19,201
 
Dividends declared and paid or payable during the year
(39,750
 )
(9,750
 )
Retained earnings at the end of the year
24,935
 
277
 
Peregrine Solutions Limited
Statement of Financial Position
31 December 2024
20242023
Note££
Fixed assets    
Tangible assets 5 -  
5,571
 
Current assets    
Debtors 6
11,338
 
9,600
 
Cash at bank and in hand
34,535
 
4,562
 
45,873
 
14,162
 
Creditors: amounts falling due within one year 7
(20,928
 )
(968
 )
Net current assets
24,945
 
13,194
 
Total assets less current liabilities 24,945   18,765  
Creditors: amounts falling due after more than one year 8 -  
(18,478
 )
Net assets
24,945
 
287
 
Capital and reserves    
Called up share capital
10
 
10
 
Profit and loss account
24,935
 
277
 
Shareholders funds
24,945
 
287
 
For the year ending
31 December 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These
financial statements
were approved by the board of directors and authorised for issue on
9 May 2025
, and are signed on behalf of the board by:
J Knowlson
Director
Company registration number:
13819016
Peregrine Solutions Limited
Notes to the Financial Statements
Year ended
31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
55 Hoole Road
,
55 Hoole Road
,
Chester
,
CH2 3NJ
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
20% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

4 Average number of employees

The average number of persons employed by the company during the year was nil (2023:
2
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 January 2024
9,032
 
Additions
3,935
 
Disposals
(12,967
 )
At
31 December 2024
 -  
Depreciation  
At
1 January 2024
3,461
 
Charge
2,593
 
Disposals
(6,054
 )
At
31 December 2024
 -  
Carrying amount  
At
31 December 2024
 -  
At 31 December 2023
5,571
 

6 Debtors

20242023
££
Trade debtors -  
9,600
 
Other debtors
11,338
  -  
11,338
 
9,600
 

7 Creditors: amounts falling due within one year

20242023
££
Taxation and social security
20,928
 
968
 

8 Creditors: amounts falling due after more than one year

20242023
££
Other creditors -  
18,478
 

9 Operating leases

The company as lessee    
20242023
££
Not later than 1 year
2,668
 
3,202
 
Later than 1 year and not later than 5 years
0.00
 
2,668
 
2,668
 
5,870