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REGISTERED NUMBER: 10155140 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

PEACOAT LTD

PEACOAT LTD (REGISTERED NUMBER: 10155140)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PEACOAT LTD

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: N G Clifton
Mrs T D Clifton





REGISTERED OFFICE: 8 Murray Road
Rugby
Warwickshire
CV21 3JN





REGISTERED NUMBER: 10155140 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

PEACOAT LTD (REGISTERED NUMBER: 10155140)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,135 1,252

CURRENT ASSETS
Debtors 5 12,848 55,788
Cash at bank 80,027 55,979
92,875 111,767
CREDITORS
Amounts falling due within one year 6 31,484 34,920
NET CURRENT ASSETS 61,391 76,847
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,526

78,099

CAPITAL AND RESERVES
Called up share capital 10 2
Retained earnings 63,516 78,097
SHAREHOLDERS' FUNDS 63,526 78,099

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by:




N G Clifton - Director


PEACOAT LTD (REGISTERED NUMBER: 10155140)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Peacoat Ltd 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.

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.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Pension costs and other post-retirement benefits
During the period the company made contributions into Mr N Clifton (director) and Mrs T Clifton (director) pension schemes.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

PEACOAT LTD (REGISTERED NUMBER: 10155140)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 6,025
Additions 2,845
Disposals (2,386 )
At 30 April 2024 6,484
DEPRECIATION
At 1 May 2023 4,773
Charge for year 1,613
Eliminated on disposal (2,037 )
At 30 April 2024 4,349
NET BOOK VALUE
At 30 April 2024 2,135
At 30 April 2023 1,252

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,848 16,743
Other debtors - 39,045
12,848 55,788

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 31,348 29,383
Other creditors 136 5,537
31,484 34,920

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the directors' current account was overdrawn. The maximum overdrawn amount during the year was £39,044 (2023: £39,356) and the balance at the year end was £Nil (2023:£39,044).

8. RELATED PARTY DISCLOSURES

At 30 April 2024 other creditors includes loans made to the company by Mr N Clifton (director) amounting to £10 (2023: £Nil).

9. ULTIMATE CONTROLLING PARTY

The controlling party is its directors.