Silverfin false false 30/06/2024 01/07/2023 30/06/2024 Mr Wayne Terry Houghton 12/06/2023 Mr Reece Lee Peacock 12/06/2023 31 July 2024 The principal activity of the company during the financial was bricklaying services. 14929341 2024-06-30 14929341 bus:Director1 2024-06-30 14929341 bus:Director2 2024-06-30 14929341 core:CurrentFinancialInstruments 2024-06-30 14929341 core:Non-currentFinancialInstruments 2024-06-30 14929341 core:ShareCapital 2024-06-30 14929341 core:RetainedEarningsAccumulatedLosses 2024-06-30 14929341 core:PlantMachinery 2023-06-30 14929341 core:Vehicles 2023-06-30 14929341 2023-06-30 14929341 core:PlantMachinery 2024-06-30 14929341 core:Vehicles 2024-06-30 14929341 bus:OrdinaryShareClass1 2024-06-30 14929341 bus:OrdinaryShareClass2 2024-06-30 14929341 2023-07-01 2024-06-30 14929341 bus:FilletedAccounts 2023-07-01 2024-06-30 14929341 bus:SmallEntities 2023-07-01 2024-06-30 14929341 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 14929341 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14929341 bus:Director1 2023-07-01 2024-06-30 14929341 bus:Director2 2023-07-01 2024-06-30 14929341 core:PlantMachinery 2023-07-01 2024-06-30 14929341 core:Vehicles 2023-07-01 2024-06-30 14929341 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 14929341 bus:OrdinaryShareClass2 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14929341 (England and Wales)

PEACOCK & HOUGHTON BRICKWORK LTD

Unaudited Financial Statements
For the financial period ended 30 June 2024
Pages for filing with the registrar

PEACOCK & HOUGHTON BRICKWORK LTD

Unaudited Financial Statements

For the financial period ended 30 June 2024

Contents

PEACOCK & HOUGHTON BRICKWORK LTD

COMPANY INFORMATION

For the financial period ended 30 June 2024
PEACOCK & HOUGHTON BRICKWORK LTD

COMPANY INFORMATION (continued)

For the financial period ended 30 June 2024
DIRECTORS Mr Wayne Terry Houghton
Mr Reece Lee Peacock
REGISTERED OFFICE 5 Padnal
Littleport
Ely
Cambridgeshire
England
CB6 1NS
United Kingdom
BUSINESS ADDRESS 5 Padnal
Littleport
Ely
Cambridgeshire
England
CB6 1NS
United Kingdom
COMPANY NUMBER 14929341 (England and Wales)
ACCOUNTANT Corbett Accountants Limited
Bakersfield
82 Station Road
Soham
Ely
Cambridgeshire
CB7 5DZ
PEACOCK & HOUGHTON BRICKWORK LTD

BALANCE SHEET

As at 30 June 2024
PEACOCK & HOUGHTON BRICKWORK LTD

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024
£
Fixed assets
Tangible assets 3 26,220
26,220
Current assets
Debtors 4 23,521
Cash at bank and in hand 10,491
34,012
Creditors: amounts falling due within one year 5 ( 27,629)
Net current assets 6,383
Total assets less current liabilities 32,603
Creditors: amounts falling due after more than one year 6 ( 10,000)
Provision for liabilities 7 ( 4,247)
Net assets 18,356
Capital and reserves
Called-up share capital 8 200
Profit and loss account 18,156
Total shareholders' funds 18,356

For the financial period ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Peacock & Houghton Brickwork Ltd (registered number: 14929341) were approved and authorised for issue by the Board of Directors on 31 July 2024. They were signed on its behalf by:

Mr Reece Lee Peacock
Director
PEACOCK & HOUGHTON BRICKWORK LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period ended 30 June 2024
PEACOCK & HOUGHTON BRICKWORK LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Peacock & Houghton Brickwork Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5 Padnal, Littleport, Ely, Cambridgeshire, England, CB6 1NS, United Kingdom. The principal place of business is 5 Padnal, Littleport, Ely, Cambridgeshire, England, CB6 1NS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 20 % reducing balance
Vehicles 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024
Number
Monthly average number of persons employed by the Company during the period, including directors 2

3. Tangible assets

Plant and machinery Vehicles Total
£ £ £
Cost
At 01 July 2023 0 0 0
Additions 3,280 29,495 32,775
At 30 June 2024 3,280 29,495 32,775
Accumulated depreciation
At 01 July 2023 0 0 0
Charge for the financial period 656 5,899 6,555
At 30 June 2024 656 5,899 6,555
Net book value
At 30 June 2024 2,624 23,596 26,220

4. Debtors

2024
£
Trade debtors 8,512
Other debtors 15,009
23,521

5. Creditors: amounts falling due within one year

2024
£
Amounts owed to directors 6,481
Corporation tax 14,848
Obligations under finance leases and hire purchase contracts 5,000
Other creditors 1,300
27,629

6. Creditors: amounts falling due after more than one year

2024
£
Obligations under finance leases and hire purchase contracts 10,000

7. Provision for liabilities

2024
£
Deferred tax 4,247

8. Called-up share capital

2024
£
Allotted, called-up and fully-paid
100 Ordinary A shares of £ 1.00 each 100
100 Ordinary B shares of £ 1.00 each 100
200

9. Related party transactions

Transactions with the entity's directors

2024
£
The directors charged the company for use of office during the year. 2,400
Included in creditors is a directors loan. The loan is interest free and there are no repayment terms. 6,481
Dividends were paid in the year in respect of shares held by the company's directors. 53,000