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REGISTERED NUMBER: 07490423 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

PEACOCK STEVENS & CO LIMITED

PEACOCK STEVENS & CO LIMITED (REGISTERED NUMBER: 07490423)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

PEACOCK STEVENS & CO LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2023







DIRECTORS: D J Peacock
S B Holland
S J Davies





REGISTERED OFFICE: Vantage House Euxton Lane
Euxton
Chorley
Lancashire
PR7 6TB





REGISTERED NUMBER: 07490423 (England and Wales)





ACCOUNTANTS: Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House Euxton Lane
Euxton
Chorley
Lancashire
PR7 6TB

PEACOCK STEVENS & CO LIMITED (REGISTERED NUMBER: 07490423)

BALANCE SHEET
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 200,806 134,743

CURRENT ASSETS
Stocks - 27,600
Debtors 6 72,957 53,587
Cash at bank 249 76,907
73,206 158,094
CREDITORS
Amounts falling due within one year 7 92,125 118,406
NET CURRENT (LIABILITIES)/ASSETS (18,919 ) 39,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,887

174,431

CREDITORS
Amounts falling due after more than one year 8 (130,991 ) (120,661 )

PROVISIONS FOR LIABILITIES (21,251 ) (25,495 )
NET ASSETS 29,645 28,275

CAPITAL AND RESERVES
Called up share capital 81 81
Capital redemption reserve 55 55
Retained earnings 29,509 28,139
29,645 28,275

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

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

PEACOCK STEVENS & CO LIMITED (REGISTERED NUMBER: 07490423)

BALANCE SHEET - continued
31 May 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 14 February 2024 and were signed on its behalf by:




D J Peacock - Director



S B Holland - Director


PEACOCK STEVENS & CO LIMITED (REGISTERED NUMBER: 07490423)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023


1. STATUTORY INFORMATION

Peacock Stevens & 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. COMPLIANCE WITH ACCOUNTING STANDARDS

These financial statements have been prepared in compliance with FRS102 Section 1A for small entities. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and have also been consistently applied within the same accounts.

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Income recognition
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on cost
Motor vehicles - 10% on reducing balance
Computer equipment - 20% on cost

Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:

Deferred taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Hire purchase and leasing commitments
Property, plant and equipment acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other intangible assets. The related obligations, net of future finance charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

PEACOCK STEVENS & CO LIMITED (REGISTERED NUMBER: 07490423)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2023


3. ACCOUNTING POLICIES - continued

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the profit and loss account in the period in which they are incurred.

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 9 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022 65,510 126,879 17,164 209,553
Additions 26,437 - 60,331 86,768
At 31 May 2023 91,947 126,879 77,495 296,321
DEPRECIATION
At 1 June 2022 49,028 14,668 11,114 74,810
Charge for year 5,121 12,442 3,142 20,705
At 31 May 2023 54,149 27,110 14,256 95,515
NET BOOK VALUE
At 31 May 2023 37,798 99,769 63,239 200,806
At 31 May 2022 16,482 112,211 6,050 134,743

PEACOCK STEVENS & CO LIMITED (REGISTERED NUMBER: 07490423)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2022
and 31 May 2023 60,890
DEPRECIATION
At 1 June 2022 6,089
Charge for year 5,960
At 31 May 2023 12,049
NET BOOK VALUE
At 31 May 2023 48,841
At 31 May 2022 54,801

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 65,441 49,434
Other debtors 7,516 4,153
72,957 53,587

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 10,744 15,000
Hire purchase contracts 12,515 12,516
Trade creditors 7,552 15,107
Taxation and social security 55,926 70,035
Other creditors 5,388 5,748
92,125 118,406

PEACOCK STEVENS & CO LIMITED (REGISTERED NUMBER: 07490423)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 20,000 30,000
Hire purchase contracts 68,582 81,097
Other creditors 42,409 9,564
130,991 120,661

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PEACOCK STEVENS & CO LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Peacock Stevens & Co Limited for the year ended 31 May 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Peacock Stevens & Co Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Peacock Stevens & Co Limited and state those matters that we have agreed to state to the Board of Directors of Peacock Stevens & Co Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Peacock Stevens & Co Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Peacock Stevens & Co Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Peacock Stevens & Co Limited. You consider that Peacock Stevens & Co Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Peacock Stevens & Co Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House Euxton Lane
Euxton
Chorley
Lancashire
PR7 6TB


14 February 2024