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REGISTERED NUMBER: 06441131 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

PEALL & HUGHES LTD

PEALL & HUGHES LTD (REGISTERED NUMBER: 06441131)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PEALL & HUGHES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr C Y Dixon
Mr W R Hughes
Mrs D L Hughes



SECRETARY: Mr W R Hughes



REGISTERED OFFICE: Ulverston Post Office
County Square
Ulverston
Cumbria
LA12 7AA



REGISTERED NUMBER: 06441131 (England and Wales)



BANKERS: Virgin Money
Penny Street
Lancaster
LA1 1UE

PEALL & HUGHES LTD (REGISTERED NUMBER: 06441131)

ABRIDGED BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 200,172 200,172
Tangible assets 5 11,760 12,347
211,932 212,519

CURRENT ASSETS
Stocks 9,000 12,500
Debtors 44,156 47,037
Cash at bank and in hand 8,608 3,414
61,764 62,951
CREDITORS
Amounts falling due within one year 46,931 63,468
NET CURRENT ASSETS/(LIABILITIES) 14,833 (517 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

226,765

212,002

CAPITAL AND RESERVES
Called up share capital 6 1,001 1,001
Retained earnings 225,764 211,001
SHAREHOLDERS' FUNDS 226,765 212,002

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.

PEALL & HUGHES LTD (REGISTERED NUMBER: 06441131)

ABRIDGED BALANCE SHEET - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





Mr W R Hughes - Director


PEALL & HUGHES LTD (REGISTERED NUMBER: 06441131)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Peall & Hughes 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced rental income and sales of goods and services, excluding VAT.

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 - 25% on reducing balance
Fixtures and fittings - 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.

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 7 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 200,172
NET BOOK VALUE

At 30 April 2024 200,172
At 30 April 2023 200,172

PEALL & HUGHES LTD (REGISTERED NUMBER: 06441131)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 17,565
DEPRECIATION
At 1 May 2023 5,218
Charge for year 587
At 30 April 2024 5,805
NET BOOK VALUE
At 30 April 2024 11,760
At 30 April 2023 12,347

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1,000 Ordinary £1 1,000 1,000
1 A Ordinary £1 1 1
1,001 1,001

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr W R Hughes.