Company Registration No. 02674094 (England and Wales)
Peters Brothers Limited
Unaudited accounts
for the year ended 31 March 2025
Peters Brothers Limited
Unaudited accounts
Contents
Peters Brothers Limited
Statement of financial position
as at 31 March 2025
Tangible assets
456,238
223,763
Cash at bank and in hand
169,055
26,750
Creditors: amounts falling due within one year
(347,676)
(390,734)
Net current assets/(liabilities)
13,630
(162,519)
Total assets less current liabilities
469,868
61,244
Creditors: amounts falling due after more than one year
(264,037)
(59,700)
Called up share capital
100
100
Profit and loss account
205,731
1,444
Shareholders' funds
205,831
1,544
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 December 2025 and were signed on its behalf by
G Peters
Director
Company Registration No. 02674094
Peters Brothers Limited
Notes to the Accounts
for the year ended 31 March 2025
Peters Brothers Limited is a private company, limited by shares, registered in England and Wales, registration number 02674094. The registered office is Burnside Cottage, Hertford Road, Hatfield, Herts, AL9 5RB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Straight line basis
Plant & machinery
25% Reducing balance basis
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2024
48,825
772,922
821,747
Additions
-
410,922
410,922
Disposals
-
(189,297)
(189,297)
At 31 March 2025
48,825
994,547
1,043,372
At 1 April 2024
48,402
549,582
597,984
Charge for the year
211
152,332
152,543
On disposals
-
(163,393)
(163,393)
At 31 March 2025
48,613
538,521
587,134
At 31 March 2025
212
456,026
456,238
At 31 March 2024
423
223,340
223,763
Peters Brothers Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
156,718
161,510
Accrued income and prepayments
20,533
19,223
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
4,096
42,665
Obligations under finance leases and hire purchase contracts
142,871
37,260
Trade creditors
163,763
236,815
Taxes and social security
13,520
39,842
Other creditors
6,112
27,690
Loans from directors
2,362
2,362
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Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
264,037
59,700
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Average number of employees
During the year the average number of employees was 11 (2024: 12).