Company registration number 5577024 (England and Wales)
PETER WOOD & SONS BUTCHERS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
PETER WOOD & SONS BUTCHERS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
PETER WOOD & SONS BUTCHERS LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
3,579
7,152
Tangible assets
4
21,700
11,820
25,279
18,972
Current assets
Stocks
1,350
1,250
Debtors
5
13,390
13,499
Cash at bank and in hand
74,493
82,269
89,233
97,018
Creditors: amounts falling due within one year
7
(26,662)
(26,827)
Net current assets
62,571
70,191
Total assets less current liabilities
87,850
89,163
Provisions for liabilities
(5,425)
(2,246)
Net assets
82,425
86,917
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
82,325
86,817
Total equity
82,425
86,917
PETER WOOD & SONS BUTCHERS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2025
30 June 2025
- 2 -

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 6 October 2025 and are signed on its behalf by:
T Wood
Director
Company registration number 5577024 (England and Wales)
PETER WOOD & SONS BUTCHERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
1
Accounting policies
Company information

Peter Wood & Sons Butchers Limited is a private company limited by shares incorporated in England and Wales. The registered office is Court House, Court Road, Bridgend, Wales, CF31 1BE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents retail sales excluding any value added tax.

1.3
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
10% reducing balance
IT equipment
10% reducing balance
Motor Vehicles
20% reducing balance
1.5
Stocks

Stock is valued at the lower of cost and net realisable value.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

PETER WOOD & SONS BUTCHERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Pension costs and other post-retirement benefits

The company operates an auto enrolment pension scheme. Contributions payable to the pension scheme are charged to the profit and loss accounts in the period to which they relate.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was: 4 (2024 - 5).

2025
2024
Number
Number
5
0
PETER WOOD & SONS BUTCHERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 5 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 July 2024 and 30 June 2025
71,466
Amortisation and impairment
At 1 July 2024
64,314
Amortisation charged for the year
3,573
At 30 June 2025
67,887
Carrying amount
At 30 June 2025
3,579
At 30 June 2024
7,152
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2024
34,512
Additions
12,332
At 30 June 2025
46,844
Depreciation and impairment
At 1 July 2024
22,692
Depreciation charged in the year
2,452
At 30 June 2025
25,144
Carrying amount
At 30 June 2025
21,700
At 30 June 2024
11,820
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
13,390
13,499
6
Employees and Directors

The average number of employees during the year was 5 (2024-4).

PETER WOOD & SONS BUTCHERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 6 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
12,998
7,396
Corporation tax
10,178
16,192
Other taxation and social security
136
-
0
Other creditors
3,350
3,239
26,662
26,827
8
Directors' Advances, Credits and Guarantees

The following advances and credits to directors subsisted during the years ended 30 June 2025 and 30 June 2024:

| 2025 | 2024
| £ | £
P F M Wood |  |
Opening balance | 3,326 | -
Plus loans made in the period (advances) | - | 3,326
Less loan repayments in the period | 3,326 | -
Closing balance | - | 3,326
T Wood |  |
Opening balance | 5,503 | -
Plus loans made in the period (advances) | 10,099 | 5,503
Less loan repayments in the period | 5,503 | -
Closing balance | 10,099 | 5,503

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