Peter J.Perkins & Co.Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00617295 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2021

for

Peter J.Perkins & Co.Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J Perkins

N.J.N. Perkins

SECRETARY:

R J Perkins

REGISTERED OFFICE:

Hendre Farm

Fishguard Road

NEWPORT

Pembrokeshire

SA42 0UF

REGISTERED NUMBER:

00617295 (England and Wales)

FIXED ASSETS

Tangible assets

4

87,021

103,449

Investments

5

250

250

87,271

103,699

CURRENT ASSETS

Stocks

366,890

352,270

Debtors

6

4,371

11,071

Cash at bank

158,801

101,860

530,062

465,201

CREDITORS

Amounts falling due within one year

7

115,455

134,984

NET CURRENT ASSETS

414,607

330,217

TOTAL ASSETS LESS CURRENT LIABILITIES

501,878

433,916

CREDITORS

Amounts falling due after more than one year

8

-

(35,667

)

PROVISIONS FOR LIABILITIES

(8,277

)

(9,433

)

NET ASSETS

493,601

388,816

CAPITAL AND RESERVES

Called up share capital

593,000

593,000

Share premium

20,317

20,317

Retained earnings

(119,716

)

(224,501

)

SHAREHOLDERS' FUNDS

493,601

388,816

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 21 June 2022 and were signed on its behalf by:

R J Perkins - Director

N.J.N. Perkins - Director

1.	STATUTORY INFORMATION

Peter J.Perkins & 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.

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.

The accounts have been prepared on a going concern basis.

The directors continue to offer their support to the company. The directors are of the opinion that the going concern basis of accounting is appropriate.

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.

Improvements to property

-

Straight line over 10 years

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - 1 ).

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 January 2021

72,558

84,438

336,937

Additions

-

-

1,035

At 31 December 2021

72,558

84,438

337,972

DEPRECIATION

At 1 January 2021

72,558

73,413

248,772

Charge for year

-

3,372

13,262

At 31 December 2021

72,558

76,785

262,034

NET BOOK VALUE

At 31 December 2021

-

7,653

75,938

At 31 December 2020

-

11,025

88,165

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2021

16,995

1,036

511,964

Additions

-

-

1,035

At 31 December 2021

16,995

1,036

512,999

DEPRECIATION

At 1 January 2021

13,430

342

408,515

Charge for year

713

116

17,463

At 31 December 2021

14,143

458

425,978

NET BOOK VALUE

At 31 December 2021

2,852

578

87,021

At 31 December 2020

3,565

694

103,449

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.12.21

31.12.20

£

£

Farmers First

250

250

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade debtors

-

7,305

Other debtors

4,371

3,766

4,371

11,071

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans and overdrafts

-

4,333

Trade creditors

48

48

Other creditors

115,407

130,603

115,455

134,984

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans

-

35,667

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

11,667

9.	RELATED PARTY DISCLOSURES

Rent in the sum of £22,300 was paid to Mr R J Perkins and Mr N. N. Perkins (Directors/Shareholders) during the year in respect of land and buildings occupied by the company for purpose of the trade.