Peter J.Perkins & Co.Limited - Accounts to registrar (filleted) - small 23.2.5

Peter J.Perkins & Co.Limited - Accounts to registrar (filleted) - small 23.2.5


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REGISTERED NUMBER: 00617295 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Peter J.Perkins & Co.Limited

Peter J.Perkins & Co.Limited (Registered number: 00617295)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Peter J.Perkins & Co.Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R J Perkins
N.J.N. Perkins
Mrs L Perkins





SECRETARY: R J Perkins





REGISTERED OFFICE: Hendre Farm
Fishguard Road
NEWPORT
Pembrokeshire
SA42 0UF





REGISTERED NUMBER: 00617295 (England and Wales)

Peter J.Perkins & Co.Limited (Registered number: 00617295)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 229,085 133,516
Investments 5 250 250
229,335 133,766

CURRENT ASSETS
Stocks 355,020 384,914
Debtors 6 61,404 99,391
Cash at bank 220,902 168,155
637,326 652,460
CREDITORS
Amounts falling due within one year 7 260,798 247,922
NET CURRENT ASSETS 376,528 404,538
TOTAL ASSETS LESS CURRENT
LIABILITIES

605,863

538,304

PROVISIONS FOR LIABILITIES 38,140 18,872
NET ASSETS 567,723 519,432

CAPITAL AND RESERVES
Called up share capital 593,000 593,000
Share premium 20,317 20,317
Retained earnings (45,594 ) (93,885 )
SHAREHOLDERS' FUNDS 567,723 519,432

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Peter J.Perkins & Co.Limited (Registered number: 00617295)

Balance Sheet - continued
31 December 2023


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 5 June 2024 and were signed on its behalf by:




R J Perkins - Director



N.J.N. Perkins - Director


Peter J.Perkins & Co.Limited (Registered number: 00617295)

Notes to the Financial Statements
for the Year Ended 31 December 2023

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 (2022 - NIL).

Peter J.Perkins & Co.Limited (Registered number: 00617295)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 84,438 401,372 16,995 1,036 503,841
Additions - 132,654 - - 132,654
At 31 December 2023 84,438 534,026 16,995 1,036 636,495
DEPRECIATION
At 1 January 2023 79,191 275,621 14,713 800 370,325
Charge for year 1,672 34,721 456 236 37,085
At 31 December 2023 80,863 310,342 15,169 1,036 407,410
NET BOOK VALUE
At 31 December 2023 3,575 223,684 1,826 - 229,085
At 31 December 2022 5,247 125,751 2,282 236 133,516

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.12.23 31.12.22
£    £   
Farmers First 250 250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 277 -
Other debtors 61,127 99,391
61,404 99,391

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors - 48
Other creditors 260,798 247,874
260,798 247,922

8. 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.