REGISTERED NUMBER: 03231597 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Peter Farmer (Bitteswell) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P J Farmer

J C Farmer

SECRETARY:

J C Farmer

REGISTERED OFFICE:

Ashtree Lodge, Ashby Lane

Bitteswell, Lutterworth

Leicester

Leicestershire

LE17 4SQ

REGISTERED NUMBER:

03231597 (England and Wales)

ACCOUNTANTS:

Gopsall Services Limited

First Floor

7 Marina Court

Maple Drive

Hinckley

LE10 3BF

FIXED ASSETS

Tangible assets

4

258,852

260,001

CURRENT ASSETS

Stocks

27,300

7,025

Debtors

5

49

27,923

Cash at bank

38,896

14,308

66,245

49,256

CREDITORS

Amounts falling due within one year

6

37,154

23,715

NET CURRENT ASSETS

29,091

25,541

TOTAL ASSETS LESS CURRENT LIABILITIES

287,943

285,542

CREDITORS

Amounts falling due after more than one year

7

(32,395

)

(31,895

)

PROVISIONS FOR LIABILITIES

-

(18

)

NET ASSETS

255,548

253,629

CAPITAL AND RESERVES

Called up share capital

105,002

105,002

Retained earnings

150,546

148,627

255,548

253,629

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

J C Farmer - Director

1.	STATUTORY INFORMATION

Peter Farmer (Bitteswell) 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.

Land and buildings

-

Straight line over 20 years

Plant and machinery etc

-

25% on cost

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 Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2023

and 30 September 2024

278,493

19,323

297,816

DEPRECIATION

At 1 October 2023

18,585

19,230

37,815

Charge for year

1,094

55

1,149

At 30 September 2024

19,679

19,285

38,964

NET BOOK VALUE

At 30 September 2024

258,814

38

258,852

At 30 September 2023

259,908

93

260,001

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

-

27,592

Other debtors

49

331

49

27,923

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade creditors

(2

)

16,386

Taxation and social security

833

2,329

Other creditors

36,323

5,000

37,154

23,715

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Other creditors

32,395

31,895