REGISTERED NUMBER: 00420115 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

W S PETTIT & CO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J Pettit

Mrs S Pettit

P Pettit

REGISTERED OFFICE:

4 High Street

Mexborough

South Yorkshire

S64 9AW

REGISTERED NUMBER:

00420115 (England and Wales)

ACCOUNTANTS:

Hodgson & Oldfield

Aizlewood's Mill

Nursery Street

Sheffield

S3 8GG

FIXED ASSETS

Tangible assets

4

478,390

484,161

Investments

5

1

1

478,391

484,162

CURRENT ASSETS

Stocks

183,510

200,522

Debtors

6

11,556

15,421

Cash in hand

372

372

195,438

216,315

CREDITORS

Amounts falling due within one year

7

444,835

421,400

NET CURRENT LIABILITIES

(249,397

)

(205,085

)

TOTAL ASSETS LESS CURRENT LIABILITIES

228,994

279,077

CREDITORS

Amounts falling due after more than one year

8

(66,000

)

(108,740

)

PROVISIONS FOR LIABILITIES

(6,401

)

(7,274

)

NET ASSETS

156,593

163,063

CAPITAL AND RESERVES

Called up share capital

4,400

4,400

Revaluation reserve

10

151,157

148,571

Retained earnings

1,036

10,092

SHAREHOLDERS' FUNDS

156,593

163,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 22 October 2026 and were signed on its behalf by:

P Pettit - Director

1.	STATUTORY INFORMATION

W S Pettit & Co 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Monetary amounts in these financial statements are rounded to the nearest £.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Freehold property

-

1% on cost

Fixtures & improvements

-

15% on cost

Motor vehicles

-

25% on cost and 10% on cost

Computer equipment

-

25% on cost

Investments in subsidiaries

Investment in subsidiaries are measured at fair value with changes in fair value being recognised in the profit and loss account.

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.

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.

Consolidation

Exemption has been taken from preparing group financial statements as the group qualifies as a small size group.

The financial statements present information about the company as an individual undertaking.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2025 - 33 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 February 2025

485,157

475,656

960,813

Additions

-

2,566

2,566

Disposals

-

(4,543

)

(4,543

)

Revaluations

4,259

-

4,259

At 31 January 2026

489,416

473,679

963,095

DEPRECIATION

At 1 February 2025

58,904

417,748

476,652

Charge for year

4,259

8,337

12,596

Eliminated on disposal

-

(4,543

)

(4,543

)

At 31 January 2026

63,163

421,542

484,705

NET BOOK VALUE

At 31 January 2026

426,253

52,137

478,390

At 31 January 2025

426,253

57,908

484,161

Included in cost or valuation of land and buildings is freehold land of £ 59,222 (2025 - £ 59,222 ) which is not depreciated.

Cost or valuation at 31 January 2026 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2026

171,584

-

171,584

Cost

317,832

473,679

791,511

489,416

473,679

963,095

If Freehold property had not been revalued they would have been included at the following historical cost:

31.1.26

31.1.25

£

£

Cost

317,832

317,832

Value of land in freehold land and buildings

59,222

59,222

Freehold property was valued on an open market basis on 31 January 2026 by the directors .

Should the freehold properties be disposed of at their revalued amounts, it is estimated that no material tax liability would arise on the sale.

The net book value of fixed assets on hire purchase is £38,944, (2025: £44,442).

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 February 2025

and 31 January 2026

1

NET BOOK VALUE

At 31 January 2026

1

At 31 January 2025

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

5,310

6,258

Other debtors

6,246

9,163

11,556

15,421

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

80,931

134,303

Hire purchase contracts

27,201

7,194

Trade creditors

211,549

198,167

Taxation and social security

70,009

58,692

Other creditors

55,145

23,044

444,835

421,400

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans

66,000

81,539

Hire purchase contracts

-

27,201

66,000

108,740

Amounts falling due in more than five years:

Repayable by instalments

Bank Loan > 5 Years

-

9,378

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

£

Bank overdrafts

65,392

112,723

Bank loans

81,539

103,119

Hire purchase contracts

27,201

34,395

174,132

250,237

The bank hold a legal charge and a debenture over the property and other assets of the company.

The H P companies hold a charge over the individual assets financed.

10.

RESERVES

Revaluation

reserve

£

At 1 February 2025

148,571

Revaluation reserve

2,586

At 31 January 2026

151,157

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £16,100 (2025 - £55,400) were paid to the directors .

12.	ULTIMATE CONTROLLING PARTY

The company is owned by the directors who own 100% of the issued share capital.