Registered number
09702128
PEKER SKYLINE LTD
Filleted Accounts
31 December 2023
PEKER SKYLINE LTD
Registered number: 09702128
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 14,735 19,646
Current assets
Debtors 4 585,212 470,047
Cash at bank and in hand 9,760 2,114
594,972 472,161
Creditors: amounts falling due within one year 5 (1,821,522) (1,625,970)
Net current liabilities (1,226,550) (1,153,809)
Total assets less current liabilities (1,211,815) (1,134,163)
Creditors: amounts falling due after more than one year 6 (23,240) (33,240)
Net liabilities (1,235,055) (1,167,403)
Capital and reserves
Called up share capital 100 100
Profit and loss account (1,235,155) (1,167,503)
Shareholders' funds (1,235,055) (1,167,403)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Aysegul Peker - Peker Holding London Limited
Director
Approved by the board on 23 September 2024
PEKER SKYLINE LTD
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% Reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 101,195
At 31 December 2023 101,195
Depreciation
At 1 January 2023 81,549
Charge for the year 4,911
At 31 December 2023 86,460
Net book value
At 31 December 2023 14,735
At 31 December 2022 19,646
4 Debtors 2023 2022
£ £
Trade debtors 9,091 3,512
Amounts owed by group undertakings and undertakings in which the company has a participating interest 497,356 387,770
Other debtors 78,765 78,765
585,212 470,047
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 95,803 43,845
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,669,884 1,531,455
Taxation and social security costs 5,164 -
Other creditors 50,671 50,670
1,821,522 1,625,970
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 23,140 33,140
Other creditors 100 100
23,240 33,240
7 Other information
PEKER SKYLINE LTD is a private company limited by shares and incorporated in England. Its registered office is:
183 Angel Place
Fore Street
London
England
N18 2UD
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