REGISTERED NUMBER: 07228258 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

PETER J BAILEY LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P J Bailey

Mrs N J Bailey

REGISTERED OFFICE:

25 Ploughmans Way

Tytherington

MACCLESFIELD

Cheshire

SK10 2UN

REGISTERED NUMBER:

07228258 (England and Wales)

ACCOUNTANTS:

Chandley Robinson Limited

Chartered Accountants

8A Manor Close

Cheadle Hulme

Cheadle

Cheshire

SK8 7DJ

FIXED ASSETS

Tangible assets

4

1,062

4

CURRENT ASSETS

Debtors

5

6,028

6,444

Cash at bank

41,162

53,697

47,190

60,141

CREDITORS

Amounts falling due within one year

6

10,436

18,580

NET CURRENT ASSETS

36,754

41,561

TOTAL ASSETS LESS CURRENT LIABILITIES

37,816

41,565

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

37,716

41,465

SHAREHOLDERS' FUNDS

37,816

41,565

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

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

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 8th December 2025 and were signed on its behalf by:

P J Bailey - Director

Mrs N J Bailey - Director

1.	STATUTORY INFORMATION

Peter J Bailey 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 represents the net invoiced sales of services.

Tangible fixed assets

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

Office equipment

-

20% on cost

Computer equipment

-

25% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Office

Computer

equipment

equipment

Totals

£

£

£

COST

At 1st April 2024

481

3,522

4,003

Additions

-

1,412

1,412

Disposals

-

(1,842

)

(1,842

)

At 31st March 2025

481

3,092

3,573

DEPRECIATION

At 1st April 2024

480

3,519

3,999

Charge for year

-

353

353

Eliminated on disposal

-

(1,841

)

(1,841

)

At 31st March 2025

480

2,031

2,511

NET BOOK VALUE

At 31st March 2025

1

1,061

1,062

At 31st March 2024

1

3

4

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,028

6,444

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

2,721

4,460

Other creditors

7,715

14,120

10,436

18,580

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £11,000 (2024 - £17,500) were paid to the directors .

During the year the directors charged the company £520 for the use of their home as an office.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P J Bailey who is a director and the majority shareholder.