REGISTERED NUMBER: 00716637 (England and Wales)

Unaudited Financial Statements

for the Period 28 January 2024 to 1 February 2025

for

Pettits Of Wallingford Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

5

DIRECTOR:

R Rowse

REGISTERED OFFICE:

4 St Marys Arcade

Wallingford

Oxfordshire

OX1O 0EY

REGISTERED NUMBER:

00716637 (England and Wales)

ACCOUNTANTS:

Friends.Tax LLP

Pippins

Cherry Drive

Forty Green

Beaconsfield

Buckinghamshire

HP9 1XP

FIXED ASSETS

Tangible assets

4

2,214

3,248

CURRENT ASSETS

Stocks

75,921

71,238

Debtors

5

1,000

51,549

Cash at bank

29,609

49,608

106,530

172,395

CREDITORS

Amounts falling due within one year

6

584,494

585,546

NET CURRENT LIABILITIES

(477,964

)

(413,151

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(475,750

)

(409,903

)

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Other reserves

13,255

13,255

Retained earnings

(499,005

)

(433,158

)

(475,750

)

(409,903

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 1 February 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 1 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 16 October 2025 and were signed by:

R Rowse - Director

1.	STATUTORY INFORMATION

Pettits Of Wallingford 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.

The accounts have been prepared on a going concern basis. The company has current liabilities of £477,964 (2024: £ 413,151) as a result of accumulated losses and amounts owed to companies under common control. The director and those companies have confirmed that they will support the company for the foreseeable future by not requesting repayment of this debt until the company is in a position to be able to repay it.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognized when the company has transferred the significant risks and rewards of ownership to the buyer and no longer retains control over the goods sold.

Turnover is only recognized when the amount can be reliably measures, it is probably that the company will receive the consideration due and the costs incurred in making the sale can be reliably measured.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% 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 period 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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 28 January 2024

and 1 February 2025

5,167

DEPRECIATION

At 28 January 2024

1,919

Charge for period

1,034

At 1 February 2025

2,953

NET BOOK VALUE

At 1 February 2025

2,214

At 27 January 2024

3,248

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

1.2.25

27.1.24

£

£

Amounts owed by group undertakings

-

50,549

Other debtors

1,000

1,000

1,000

51,549

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

1.2.25

27.1.24

£

£

Trade creditors

12,577

8,070

Amounts owed to group undertakings

557,968

567,468

Taxation and social security

9,523

8,209

Other creditors

4,426

1,799

584,494

585,546

7.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £149,722 (2024:£137,222) to group companies and £408,246 (2024: £430,246) to companies under common control. In 2024 it was owed £50,549 (2023:£50,549) by Rowse Toys, a group company, which has since ceased to trade.This amount has been fully written off this year.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Rowse Trading Limited.

The ultimate controlling party is R Rowse.