REGISTERED NUMBER: 06806915 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

P J & P A PERRETT LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J Perrett

Mrs P A Perrett

J C Perrett

SECRETARY:

Mrs P A Perrett

REGISTERED OFFICE:

Manchester House

High Street

Stalbridge

Dorset

DT10 2LL

REGISTERED NUMBER:

06806915 (England and Wales)

ACCOUNTANTS:

Evans & Co

Manchester House

High Street

Stalbridge

Sturminster Newton

Dorset

DT10 2LL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

439,174

251,382

Biological Assets

6

119,240

108,958

558,414

360,340

CURRENT ASSETS

Stocks

46,450

52,650

Debtors

90,230

55,447

Cash at bank

195,188

185,768

331,868

293,865

CREDITORS

Amounts falling due within one year

227,873

87,752

NET CURRENT ASSETS

103,995

206,113

TOTAL ASSETS LESS CURRENT LIABILITIES

662,409

566,453

CREDITORS

Amounts falling due after more than one year

(15,513

)

-

PROVISIONS FOR LIABILITIES

(71,860

)

(60,889

)

NET ASSETS

575,036

505,564

CAPITAL AND RESERVES

Called up share capital

80

80

Retained earnings

574,956

505,484

SHAREHOLDERS' FUNDS

575,036

505,564

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 1 September 2025 and were signed on its behalf by:

P J Perrett - Director

1.	STATUTORY INFORMATION

P J & P A Perrett 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Entitlements are being amortised evenly over their estimated useful life of nil years.

Tangible assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Plant and machinery

-

15% on reducing balance

Biological Assets

Biological assets held for continuing use within the business are classified as fixed assets. Such assets are measured at cost less accumulated depreciation and impairment.

Assets within the classification comprise a dairy herd.

Depreciation is charged to write off the cost of assets less estimated selling price over their estimated useful economic life.

The depreciation rate used for the dairy herd is 20% straight line.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

10,458

Disposals

(10,458

)

At 31 March 2025

-

AMORTISATION

At 1 April 2024

10,458

Eliminated on disposal

(10,458

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

530,785

Additions

254,911

Disposals

(26,500

)

At 31 March 2025

759,196

DEPRECIATION

At 1 April 2024

279,403

Charge for year

55,361

Eliminated on disposal

(14,742

)

At 31 March 2025

320,022

NET BOOK VALUE

At 31 March 2025

439,174

At 31 March 2024

251,382

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

Additions

74,100

At 31 March 2025

74,100

DEPRECIATION

Charge for year

11,116

At 31 March 2025

11,116

NET BOOK VALUE

At 31 March 2025

62,984

6.	BIOLOGICAL ASSETS

Dairy

Herd

£

COST

At 1 April 2024

156,698

Additions

46,800

Disposals

(31,898

)

At 31 March 2025

171,600

DEPRECIATION

At 1 April 2024

47,740

Charge for year

20,020

Eliminated on disposal

(15,400

)

At 31 March 2025

52,360

NET BOOK VALUE

At 31 March 2025

119,240

At 31 March 2024

108,958