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REGISTERED NUMBER: 09457596 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2024

for

J L PEAKE LIMITED

J L PEAKE LIMITED (REGISTERED NUMBER: 09457596)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

J L PEAKE LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs J L Peake





SECRETARY: A A Peake





REGISTERED OFFICE: 119 Co operative Street
Stafford
Staffordshire
ST16 3BZ





REGISTERED NUMBER: 09457596 (England and Wales)





ACCOUNTANTS: CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW

J L PEAKE LIMITED (REGISTERED NUMBER: 09457596)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 11,476 13,792
11,476 13,792

CURRENT ASSETS
Stocks 6 15,636 16,625
Debtors 7 23,711 3,158
Cash at bank and in hand 12,891 5,178
52,238 24,961
CREDITORS
Amounts falling due within one year 8 34,749 36,113
NET CURRENT ASSETS/(LIABILITIES) 17,489 (11,152 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,965

2,640

CREDITORS
Amounts falling due after more than one year 9 (26,673 ) -

PROVISIONS FOR LIABILITIES (2,180 ) (2,532 )
NET ASSETS 112 108

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 12 8
SHAREHOLDERS' FUNDS 112 108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2024 and were signed by:




Mrs J L Peake - Director


J L PEAKE LIMITED (REGISTERED NUMBER: 09457596)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

J L Peake 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 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.

As a result of the COVID-19 pandemic and its impact on the global economy, the director has reviewed the risks to the business, and has concluded that it should be treated as a going concern.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts for reported assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year.

The items in the financial statements where these judgements and estimates have been made include:

Stock provisions
The director has reviewed the stock held at the balance sheet date to ensure that only stocks deemed fit for future treatments are included. Any items out of date are considered obsolete.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and VAT. It is earned from the rendering of services in the UK.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

Stocks
Stocks 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 balance sheet date.


J L PEAKE LIMITED (REGISTERED NUMBER: 09457596)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 50,000
AMORTISATION
At 1 April 2023
and 31 March 2024 50,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023 11,628 50,575 62,203
Additions 474 - 474
At 31 March 2024 12,102 50,575 62,677
DEPRECIATION
At 1 April 2023 6,940 41,471 48,411
Charge for year 969 1,821 2,790
At 31 March 2024 7,909 43,292 51,201
NET BOOK VALUE
At 31 March 2024 4,193 7,283 11,476
At 31 March 2023 4,688 9,104 13,792

J L PEAKE LIMITED (REGISTERED NUMBER: 09457596)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 15,636 16,625

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 23,711 3,158

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 10,442 14,505
Taxation and social security 14,764 20,113
Other creditors 9,543 1,495
34,749 36,113

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 26,673 -

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the director who owns 100% of the issued share capital.

11. EMPLOYEE BENEFITS

The company's holiday period is 1 April - 31 March, therefore no accrued holiday pay provision is required in these accounts.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
J L Peake Limited


The following reproduces the text of the report prepared for the director 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 Director 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 J L Peake Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 director of J L Peake Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J L Peake Limited and state those matters that we have agreed to state to the director of J L Peake Limited 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 J L Peake Limited and its director for our work or for this report.

It is your duty to ensure that J L Peake 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 J L Peake Limited. You consider that J L Peake 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 J L Peake 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.






CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW


21 August 2024