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REGISTERED NUMBER: 02119368 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Peakes Holidays Limited

Peakes Holidays Limited (Registered number: 02119368)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Peakes Holidays Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mrs C Moore





REGISTERED OFFICE: 11 Mardol
Shrewsbury
Shropshire
SY1 1PY





REGISTERED NUMBER: 02119368 (England and Wales)





ACCOUNTANTS: Morgan Griffiths LLP
Chartered Accountants
Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY

Peakes Holidays Limited (Registered number: 02119368)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,738 60,648
Investments 6 600 600
6,338 61,248

CURRENT ASSETS
Stocks 750 750
Debtors 7 7,098 7,550
Cash at bank and in hand 637,173 801,378
645,021 809,678
CREDITORS
Amounts falling due within one year 8 448,147 607,589
NET CURRENT ASSETS 196,874 202,089
TOTAL ASSETS LESS CURRENT
LIABILITIES

203,212

263,337

CREDITORS
Amounts falling due after more than one
year

9

-

(20,752

)

PROVISIONS FOR LIABILITIES (14,001 ) (17,432 )
NET ASSETS 189,211 225,153

CAPITAL AND RESERVES
Called up share capital 56,000 112,000
Capital redemption reserve 56,000 -
Retained earnings 77,211 113,153
189,211 225,153

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Peakes Holidays Limited (Registered number: 02119368)

Balance Sheet - continued
30 June 2024


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 C Moore - Director


Peakes Holidays Limited (Registered number: 02119368)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Peakes Holidays 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.

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 0, is being amortised evenly over its estimated useful life of nil 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 etc - 25% 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.

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.

Peakes Holidays Limited (Registered number: 02119368)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued

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 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 30,000
AMORTISATION
At 1 July 2023
and 30 June 2024 30,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 53,700 95,217 148,917
Additions - 2,766 2,766
Disposals (53,700 ) (70,617 ) (124,317 )
At 30 June 2024 - 27,366 27,366
DEPRECIATION
At 1 July 2023 - 88,269 88,269
Charge for year - 3,368 3,368
Eliminated on disposal - (70,009 ) (70,009 )
At 30 June 2024 - 21,628 21,628
NET BOOK VALUE
At 30 June 2024 - 5,738 5,738
At 30 June 2023 53,700 6,948 60,648

Peakes Holidays Limited (Registered number: 02119368)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023
and 30 June 2024 600
NET BOOK VALUE
At 30 June 2024 600
At 30 June 2023 600

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 7,098 7,550

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts - 9,994
Trade creditors 394,571 548,844
Taxation and social security 37,747 44,723
Other creditors 15,829 4,028
448,147 607,589

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 20,752

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 20,752

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company purchased a total of 56,000 ordinary shares from Mr P R Peake, a director, and his wife, Mrs F Peake (company secretary).

The freehold property was sold to Mr and Mrs Peake at market value in the year.