Van Peterson Designs Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02905300 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Van Peterson Designs Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L E Van Peterson

E Van Peterson

SECRETARY:

E Van Peterson

REGISTERED OFFICE:

47 Sloane Avenue

Chelsea

London

SW3 3DH

REGISTERED NUMBER:

02905300 (England and Wales)

ACCOUNTANTS:

PennyBooks Limited

126 New Kings Road

London

SW6 4LZ

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

3,404

4,540

3,404

4,540

CURRENT ASSETS

Stocks

210,000

148,000

Debtors

154,433

153,649

Cash at bank and in hand

316

6,412

364,749

308,061

CREDITORS

Amounts falling due within one year

182,034

147,757

NET CURRENT ASSETS

182,715

160,304

TOTAL ASSETS LESS CURRENT

LIABILITIES

186,119

164,844

CREDITORS

Amounts falling due after more than one

year

3,980

9,873

NET ASSETS

182,139

154,971

CAPITAL AND RESERVES

Called up share capital

1,142

Share premium

291,829

Retained earnings

(110,832

)

(138,000

)

182,139

154,971

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 Income Statement and 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 19 December 2025 and were signed on its behalf by:

E Van Peterson - Director

1.	STATUTORY INFORMATION

Van Peterson Designs 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

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.

Trademarks are being amortised evenly over their estimated useful life of seven years.

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

-

25% on reducing balance

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

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

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 year was 2 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

21,140

AMORTISATION

At 1 April 2024

and 31 March 2025

21,140

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

65,050

DEPRECIATION

At 1 April 2024

60,510

Charge for year

1,136

At 31 March 2025

61,646

NET BOOK VALUE

At 31 March 2025

3,404

At 31 March 2024

4,540

6.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

Amounts falling due within one year or on demand:

BBL less than 1 year

5,800

Amounts falling due between one and two years:

Bank loans - 1-2 years

3,872

5,800

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

3,965

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

E Van Peterson

Balance outstanding at start of year

(22,699

)

(5,189

)

Amounts advanced

(11,938

)

(17,510

)

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(34,637

)

(22,699

)

8.	ULTIMATE CONTROLLING PARTY

The company is controlled Mr E Van Peterson and Mrs Linda Van Peterson who together hold 70% issued share capital of the company.