Company Registration No. 09162153 (England and Wales)
Petershams Millinery Ltd
Unaudited accounts
for the year ended 31 July 2026
Petershams Millinery Ltd
Statement of financial position
as at 31 July 2026
Tangible assets
505,377
496,211
Inventories
568,913
446,280
Cash at bank and in hand
335,630
174,679
Creditors: amounts falling due within one year
(235,718)
(192,892)
Net current assets
718,516
501,530
Total assets less current liabilities
1,223,893
997,741
Creditors: amounts falling due after more than one year
-
(44,759)
Net assets
1,223,893
952,982
Called up share capital
100
100
Profit and loss account
1,223,793
952,882
Shareholders' funds
1,223,893
952,982
For the year ending 31 July 2026 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 directors acknowledge their 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 of Directors and authorised for issue on 23 September 2026 and were signed on its behalf by
Michelle Elaine Osborne
Director
Company Registration No. 09162153
Petershams Millinery Ltd
Notes to the Accounts
for the year ended 31 July 2026
Petershams Millinery Ltd is a private company, limited by shares, registered in England and Wales, registration number 09162153.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
over 50 years
Plant & machinery
over 4 years
Fixtures & fittings
over 4 years
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Petershams Millinery Ltd
Notes to the Accounts
for the year ended 31 July 2026
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to
recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in
tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 August 2025
493,610
32,245
525,855
At 31 July 2026
493,610
62,686
556,296
At 1 August 2025
7,404
22,240
29,644
Charge for the year
9,872
12,194
22,066
At 31 July 2026
17,276
33,643
50,919
At 31 July 2026
476,334
29,043
505,377
At 31 July 2025
486,206
10,005
496,211
Amounts falling due within one year
Trade debtors
19,411
23,905
Other debtors
30,280
49,558
Petershams Millinery Ltd
Notes to the Accounts
for the year ended 31 July 2026
6
Creditors: amounts falling due within one year
2026
2025
Trade creditors
40,748
33,932
Taxes and social security
115,670
130,147
Other creditors
26,007
28,813
7
Creditors: amounts falling due after more than one year
2026
2025
8
Average number of employees
During the year the average number of employees was 9 (2025: 9).