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Company Registration No. 5668882 (England and Wales)
Pete Cowasji Ltd Unaudited accounts for the year ended 31 January 2025
Pete Cowasji Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Pete Cowasji Ltd Company Information for the year ended 31 January 2025
Director
Peter Cowasji
Secretary
David Meyer
Company Number
5668882 (England and Wales)
Registered Office
508A HORNSEY ROAD LONDON N19 3QW
Accountants
David Meyer FCCA 2 Downage London NW4 1AA
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Pete Cowasji Ltd Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
326,226
380,396
Current assets
Debtors
5
50,159
29,887
Cash at bank and in hand
9,417
14,110
59,576
43,997
Creditors: amounts falling due within one year
6
(96,447)
(36,719)
Net current (liabilities)/assets
(36,871)
7,278
Net assets
289,355
387,674
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
289,255
387,574
Shareholders' funds
289,355
387,674
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 September 2025 and were signed on its behalf by
Peter Cowasji Director Company Registration No. 5668882
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Pete Cowasji Ltd Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Pete Cowasji Ltd is a private company, limited by shares, registered in England and Wales, registration number 5668882. The registered office is 508A HORNSEY ROAD, LONDON, N19 3QW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 February 2024
125,000
1,018,096
14,950
1,158,046
Additions
-
12,906
-
12,906
At 31 January 2025
125,000
1,031,002
14,950
1,170,952
Depreciation
At 1 February 2024
-
773,913
3,737
777,650
Charge for the year
-
64,273
2,803
67,076
At 31 January 2025
-
838,186
6,540
844,726
Net book value
At 31 January 2025
125,000
192,816
8,410
326,226
At 31 January 2024
125,000
244,183
11,213
380,396
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Pete Cowasji Ltd Notes to the Accounts for the year ended 31 January 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
49,098
-
Trade debtors
644
29,470
Accrued income and prepayments
417
417
50,159
29,887
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
46,456
4,295
Trade creditors
141
-
Taxes and social security
49,504
32,385
Loans from directors
346
39
96,447
36,719
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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