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REGISTERED NUMBER: 03949204 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Peachtree (UK) Limited

Peachtree (UK) Limited (Registered number: 03949204)






Contents of the Financial Statements
for the year ended 31 March 2018




Page

Company Information 1

Statement of Financial Position 3

Notes to the Financial Statements 5


Peachtree (UK) Limited

Company Information
for the year ended 31 March 2018







DIRECTORS: K J Stevens
Mrs S L Stevens



SECRETARY: K J Stevens



REGISTERED OFFICE: Emstrey House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG



BUSINESS ADDRESS: The Old Farm Yard
Kenley Road
Harley
Shrewsbury
Shropshire
SY5 6ND



REGISTERED NUMBER: 03949204 (England and Wales)



ACCOUNTANTS: Caerwyn Jones
Chartered Accountants
Emstrey House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG




Peachtree (UK) Limited

Company Information
for the year ended 31 March 2018







BANKERS: HSBC Bank Plc
Princess House
33 High Street
Shrewsbury
Shropshire
SY1 1SL

Peachtree (UK) Limited (Registered number: 03949204)

Statement of Financial Position
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 17,257 43,291

CURRENT ASSETS
Inventories 395 395
Debtors 5 81,571 48,592
Cash at bank and in hand 124,871 165,529
206,837 214,516
CREDITORS
Amounts falling due within one year 6 39,258 44,052
NET CURRENT ASSETS 167,579 170,464
TOTAL ASSETS LESS CURRENT
LIABILITIES

184,836

213,755

CREDITORS
Amounts falling due after more than
one year

7

-

(4,734

)

PROVISIONS FOR LIABILITIES (2,940 ) (7,944 )
NET ASSETS 181,896 201,077

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 181,894 201,075
SHAREHOLDERS' FUNDS 181,896 201,077

Peachtree (UK) Limited (Registered number: 03949204)

Statement of Financial Position - continued
31 March 2018


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 31 October 2018 and were signed on
its behalf by:





K J Stevens - Director


Peachtree (UK) Limited (Registered number: 03949204)

Notes to the Financial Statements
for the year ended 31 March 2018

1. STATUTORY INFORMATION

Peachtree (UK) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue 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 the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - 10% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost

Stocks
Inventories 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 statement of financial position date.


Peachtree (UK) Limited (Registered number: 03949204)

Notes to the Financial Statements - continued
for the year ended 31 March 2018

2. ACCOUNTING POLICIES - continued
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.

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.

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 (2017 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2017 17,856 78,650 30,500 127,006
Additions - 4,478 - 4,478
Disposals - - (26,500 ) (26,500 )
At 31 March 2018 17,856 83,128 4,000 104,984
DEPRECIATION
At 1 April 2017 14,287 64,720 4,708 83,715
Charge for year 1,786 5,401 800 7,987
Eliminated on disposal - - (3,975 ) (3,975 )
At 31 March 2018 16,073 70,121 1,533 87,727
NET BOOK VALUE
At 31 March 2018 1,783 13,007 2,467 17,257
At 31 March 2017 3,569 13,930 25,792 43,291

Peachtree (UK) Limited (Registered number: 03949204)

Notes to the Financial Statements - continued
for the year ended 31 March 2018

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 32,957 32,213
Other debtors 48,614 16,379
81,571 48,592

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Hire purchase contracts - 4,372
Trade creditors 6,483 6,136
Taxation and social security 30,068 31,240
Other creditors 2,707 2,304
39,258 44,052

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Hire purchase contracts - 4,734

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors are amounts totalling £40,106 (2017 - £9,999) which are interest free
loans owed by the directors of the company.
These amounts are repayable on demand. During the year no interest was charged by the company.

9. RELATED PARTY DISCLOSURES

During the year dividends of £85,000 (2017 - £80,620) were paid by the company and received by
the shareholders, who are also directors.