Company Registration No. 06136072 (England and Wales)
Peers Refrigeration Limited
Unaudited accounts
for the year ended 31 March 2023
Peers Refrigeration Limited
Unaudited accounts
Contents
Peers Refrigeration Limited
Company Information
for the year ended 31 March 2023
Directors
Simon Peers
John Peers
Patricia Peers
Company Number
06136072 (England and Wales)
Registered Office
1 Orton Avenue
Northern Moor
Manchester
Greater Manchester
M23 0LF
Accountants
Premier Accounts & Consultancy Ltd
168a Barton Road
Stretford
Manchester
M32 8DP
Peers Refrigeration Limited
Statement of financial position
as at 31 March 2023
Tangible assets
37,268
20,039
Cash at bank and in hand
(1,788)
(4,281)
Creditors: amounts falling due within one year
(87,331)
(66,419)
Net current liabilities
(64,185)
(1,598)
Total assets less current liabilities
(26,917)
18,441
Creditors: amounts falling due after more than one year
-
(6,471)
Net (liabilities)/assets
(26,917)
11,970
Called up share capital
100
100
Profit and loss account
(27,017)
11,870
Shareholders' funds
(26,917)
11,970
For the year ending 31 March 2023 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 27 September 2023 and were signed on its behalf by
Simon Peers
Director
Company Registration No. 06136072
Peers Refrigeration Limited
Notes to the Accounts
for the year ended 31 March 2023
Peers Refrigeration Limited is a private company, limited by shares, registered in England and Wales, registration number 06136072. The registered office is 1 Orton Avenue, Northern Moor, Manchester, Greater Manchester, M23 0LF.
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.
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:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
25% Reducing Balance
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.
Peers Refrigeration Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
9,880
91,424
719
102,023
Additions
-
46,583
1,833
48,416
Disposals
-
(91,424)
-
(91,424)
At 31 March 2023
9,880
46,583
2,552
59,015
At 1 April 2022
9,085
72,661
238
81,984
Charge for the year
199
11,646
579
12,424
On disposals
-
(72,661)
-
(72,661)
At 31 March 2023
9,284
11,646
817
21,747
At 31 March 2023
596
34,937
1,735
37,268
At 31 March 2022
795
18,763
481
20,039
Amounts falling due within one year
Trade debtors
25,552
49,102
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
42,471
13,629
Trade creditors
20,025
13,008
Taxes and social security
10,864
22,681
Other creditors
3,182
3,158
Loans from directors
47
797
7
Creditors: amounts falling due after more than one year
2023
2022
Taxes and social security
-
6,471
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).