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REGISTERED NUMBER: 05740469 (England and Wales)












AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

PEACH GLOSS LIMITED

PEACH GLOSS LIMITED (REGISTERED NUMBER: 05740469)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 3

Notes to the Financial Statements 4


PEACH GLOSS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Ms J Dykes
Mr R J Murie
Mr M C O'Dowd



SECRETARY: Mrs V A O'Dowd



REGISTERED OFFICE: Impex House
Leestone Road
Sharston
Manchester
M22 4RN



REGISTERED NUMBER: 05740469 (England and Wales)



AUDITORS: Gibson Booth Limited
Statutory Auditor
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: Bank of Scotland plc
116 Wellington Street
Leeds
LS1 4LT




PEACH GLOSS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







SOLICITORS: Schofield Sweeney
Church Bank House
Church Bank
Bradford
BD1 4DY

PEACH GLOSS LIMITED (REGISTERED NUMBER: 05740469)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,903,304 2,903,304

CURRENT ASSETS
Debtors 5 99,620 70,909
Cash at bank 10,487 10,732
110,107 81,641
CREDITORS
Amounts falling due within one year 6 142,943 256,975
NET CURRENT LIABILITIES (32,836 ) (175,334 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,870,468 2,727,970

CREDITORS
Amounts falling due after more than
one year

7

2,632,182

2,680,085
NET ASSETS 238,286 47,885

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Retained earnings 228,286 37,885
SHAREHOLDERS' FUNDS 238,286 47,885

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 for issue by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:



Mr M C O'Dowd - Director


PEACH GLOSS LIMITED (REGISTERED NUMBER: 05740469)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Peach Gloss 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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 as the directors have indicated a willingness to support the company financially for the foreseeable future.

Significant judgements and estimates
No judgements have been made in process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover represents management charges receivable during the period, exclusive of VAT.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Pension costs and other post-retirement benefits
The company contributed towards employees personal pension schemes. The annual contributions payable are charged to the profit and loss account.

Consolidation
In the opinion of the directors, the company and its subsidiary undertaking comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

PEACH GLOSS LIMITED (REGISTERED NUMBER: 05740469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 July 2022
and 30 June 2023 2,903,304
NET BOOK VALUE
At 30 June 2023 2,903,304
At 30 June 2022 2,903,304

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 88,435 70,276
VAT 10,682 -
Prepayments and accrued income 503 633
99,620 70,909

PEACH GLOSS LIMITED (REGISTERED NUMBER: 05740469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 41,246 49,160
Social security and other taxes 4,620 4,888
VAT - 4,925
Other creditors 782 745
Directors' loan accounts 14,464 35,764
Accruals and deferred income 81,831 161,493
142,943 256,975

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Amounts owed to group undertakings 2,632,182 2,680,085

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
10,000 Ordinary £1 10,000 10,000

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Scott Mell FCA (Senior Statutory Auditor)
for and on behalf of Gibson Booth Limited

10. RELATED PARTY DISCLOSURES

Other related parties:

2023 2022
£ £
Amounts due from related party 61,246 70,276
Amounts due to related party 88,434 144,160

A cross guarantee exists between E.C.L Chemicals Limited and Peach Gloss Limited, however, as at 30th June 2023 no amounts were owed in regards to this debt.