REGISTERED NUMBER: 05734027 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2025

FOR

PEWTER SHEET COMPANY LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss S Griffiths

Miss L Griffiths

REGISTERED OFFICE:

c/o Michael Heaven & Associates Limited

47 Calthorpe Road

Edgbaston

BIRMINGHAM

West Midlands

B15 1TH

REGISTERED NUMBER:

05734027 (England and Wales)

ACCOUNTANTS:

Michael Heaven & Associates Limited

Chartered Certified Accountants

47 Calthorpe Road

Edgbaston

BIRMINGHAM

B15 1TH

BANKERS:

HSBC Bank PLC

35 College Street

Rotherham

South Yorkshire

S65 1AF

INCORPORATED:

8th March 2006

FIXED ASSETS

Tangible assets

4

11,347

13,629

CURRENT ASSETS

Stocks

17,681

14,125

Debtors

14,370

10,547

Cash at bank

29,334

55,456

61,385

80,128

CREDITORS

Amounts falling due within one year

55,280

65,481

NET CURRENT ASSETS

6,105

14,647

TOTAL ASSETS LESS CURRENT LIABILITIES

17,452

28,276

CREDITORS

Amounts falling due after more than one year

(3,531

)

(13,950

)

PROVISIONS FOR LIABILITIES

7

(3,007

)

(3,612

)

NET ASSETS

10,914

10,714

CAPITAL AND RESERVES

Called up share capital

8

10

10

Revaluation reserve

9

10,491

7,622

Retained earnings

413

3,082

SHAREHOLDERS' FUNDS

10,914

10,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 Income Statement and an abridged Balance Sheet for the year ended 30th April 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 9th December 2025 and were signed on its behalf by:

Miss S Griffiths - Director

Miss L Griffiths - Director

1.	STATUTORY INFORMATION

Pewter Sheet Company 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

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 - 15% reducing balance

Motor vehicles - 25% reducing balance

Fixtures and fittings - 25% reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans from banks and loans from related parties.

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.

Leasing commitments

Operating lease payments are recognised as an expense on a straight line basis over the lease term.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1st May 2024

and 30th April 2025

45,120

DEPRECIATION

At 1st May 2024

31,491

Charge for year

2,282

At 30th April 2025

33,773

NET BOOK VALUE

At 30th April 2025

11,347

At 30th April 2024

13,629

Cost or valuation at 30th April 2025 is represented by:

Totals

£

Valuation in 2017

10,156

Cost

34,964

45,120

5.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bounce back loan

10,419

10,162

Amounts falling due between one and two years:

Bounce back loan

3,531

10,419

2025

2024

£

£

Amounts falling due between two and five years:

Bounce back loan

-

3,531

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

15,000

15,000

The total lease payments recognised as an expense during the year was £15,000

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

3,007

3,612

Deferred

tax

£

Balance at 1st May 2024

3,612

Movement during the year

(605

)

Balance at 30th April 2025

3,007

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated.

Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

4

Ordinary A

£1

4

7

4

Ordinary B

£1

4

1

2

Ordinary C

£1

2

1

NIL

Ordinary D

£1

-

1

10

10

9.

RESERVES

Revaluation

reserve

£

At 1st May 2024

7,622

Transfer excess depreciation

on revaluation

2,869

At 30th April 2025

10,491

10.	RELATED PARTY DISCLOSURES

At the year end the amount due to the directors totalled £11,355. The loans are interest free and repayable on demand.