REGISTERED NUMBER: 13014475 (England and Wales)

Peters K Limited

Unaudited Financial Statements for the Year Ended 30 November 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

L D Peters

K W Peters

Secretary:

L D Peters

Registered office:

9 Pasture Close

Kelsall

Cheshire

CW6 0PN

Registered number:

13014475 (England and Wales)

Accountants:

Leach Briely

Craven House

32 Lee Lane

Horwich

Bolton

Greater Manchester

BL6 7BY

Fixed assets

Intangible assets

4

5,000

6,000

Tangible assets

5

28,086

37,128

33,086

43,128

Current assets

Stocks

86,500

82,750

Debtors

6

57,753

63,939

Cash at bank and in hand

9,358

15,824

153,611

162,513

Creditors

Amounts falling due within one year

7

106,381

102,564

Net current assets

47,230

59,949

Total assets less current liabilities

80,316

103,077

Creditors

Amounts falling due after more than one year

8

(71,327

)

(92,022

)

Provisions for liabilities

9

(7,442

)

(9,839

)

Net assets

1,547

1,216

Capital and reserves

Called up share capital

10

1

1

Retained earnings

1,546

1,215

Shareholders' funds

1,547

1,216

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2026 and were signed on its behalf by:

K W Peters - Director

1.	Statutory information

Peters K 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.

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.

Franchise fee are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks

Stocks are measured at estimated cost.

Financial instruments

The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation

The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting 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.

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.

3.	Employees and directors

The average number of employees during the year was 2 (2024 - 2 ) .

4.	Intangible fixed assets

Franchise

fee

£

Cost

At 1 December 2024

and 30 November 2025

10,000

Amortisation

At 1 December 2024

4,000

Amortisation for year

1,000

At 30 November 2025

5,000

Net book value

At 30 November 2025

5,000

At 30 November 2024

6,000

5.	Tangible fixed assets

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

Cost

At 1 December 2024

and 30 November 2025

10,275

94,360

104,635

Depreciation

At 1 December 2024

5,492

62,015

67,507

Charge for year

956

8,086

9,042

At 30 November 2025

6,448

70,101

76,549

Net book value

At 30 November 2025

3,827

24,259

28,086

At 30 November 2024

4,783

32,345

37,128

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

56,229

62,319

Other debtors

1,524

1,620

57,753

63,939

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Hire purchase contracts

13,467

13,467

Trade creditors

39,847

37,447

Taxation and social security

12,131

12,253

Other creditors

40,936

39,397

106,381

102,564

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Hire purchase contracts

17,861

31,328

Other creditors

53,466

60,694

71,327

92,022

9.	Provisions for liabilities

2025

2024

£

£

Deferred tax

7,442

9,839

Deferred

tax

£

Balance at 1 December 2024

9,839

Credit to Statement of Income and Retained Earnings during year

(2,397

)

Balance at 30 November 2025

7,442

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

.01

1

1