Peter Pring Limited - Filleted accounts

Registered number

05688269

Peter Pring Limited

Unaudited Filleted Accounts

31 January 2025

Peter Pring Limited
Registered number:		05688269
Balance Sheet
as at 31 January 2025

Notes			2025			2024
Restated
£				£
Fixed assets
Tangible assets	3		21,368			24,109

Current assets
Stocks		2,000			2,000
Debtors	4	34,890			28,913
Cash at bank and in hand		6,413			1,135
		43,303			32,048

Creditors: amounts falling due within one year	5	(26,147)			(64,324)

Net current assets/(liabilities)			17,156			(32,276)

Total assets less current liabilities			38,524			(8,167)

Creditors: amounts falling due after more than one year	6		(39,573)			(12,671)

Provisions for liabilities			(2,607)			(2,607)


Net liabilities			(3,656)			(23,445)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(3,756)			(23,545)

Shareholders' funds			(3,656)			(23,445)

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 members have 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.




James Taylor
Director
Approved by the board on 11 September 2025

Peter Pring Limited
Notes to the Accounts
for the year ended 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).

	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:

	Plant and machinery			20% RB
	Motor Vehicles			20%RB

	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.

	Deferred taxation
	Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. 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		2024
Number							Number

	Average number of persons employed by the company					1		2

3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 February 2024	1,000		90,324		25,740		117,064
	At 31 January 2025	1,000		90,324		25,740		117,064

	Depreciation
	At 1 February 2024	-		69,199		23,756		92,955
	Charge for the year	-		2,245		496		2,741
	At 31 January 2025	-		71,444		24,252		95,696

	Net book value
	At 31 January 2025	1,000		18,880		1,488		21,368
	At 31 January 2024	1,000		21,125		1,984		24,109


	Plant & Machinery					2025		2024
£							£
	Historical cost					7,721		7,721
	Cumulative depreciation based on historical cost					-		-
						7,721		7,721
	The directors revalued certain assets in the year to 31.1.2024 based on their estimate of market value


4	Debtors					2025		2024
£							£

	Trade debtors					4,211		-
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					29,812		22,612
	Accrued income and prepayments					-		6,301
	Other debtors					867		-
						34,890		28,913


5	Creditors: amounts falling due within one year					2025		2024
Restated
£							£

	Bank loans and overdrafts					21,988		13,491
	VAT					2,749		1,919
	Trade creditors					-		1,589
	Taxation and social security costs					1,288		6,859
	Accruals					122		-
	Deferred income					-		30,000
	Other creditors					-		10,466
						26,147		64,324


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					39,573		12,671


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£

	Director	-		1,000		(352)		648

		-		1,000		(352)		648


8	Other information

	Peter Pring Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Orchard House
	Clyst St Mary
	Exeter
	Devon
	EX5 1BR