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REGISTERED NUMBER: 02671731 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

A R PEACHMENT LIMITED

A R PEACHMENT LIMITED (REGISTERED NUMBER: 02671731)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A R PEACHMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr K J Peachment
Mr A J Peachment
Mr F Berson
Mr Y F Bouctot
Mr J S Tedguy


REGISTERED OFFICE: Riverside Estate
Brundall
Norwich
Norfolk
NR13 5PL


REGISTERED NUMBER: 02671731 (England and Wales)


SENIOR STATUTORY AUDITOR: Mr Jeremy Laurence Hyde FCCA


AUDITORS: CG LEE Limited
Chartered Certified Accountants
Statutory Auditors
Ingram House
Meridian Way
Norwich
Norfolk
NR7 0TA


BANKERS: HSBC
18 London Street
Norwich
Norfolk
NR2 1LG

A R PEACHMENT LIMITED (REGISTERED NUMBER: 02671731)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 53,911 38,173
53,911 38,173

CURRENT ASSETS
Stocks 1,273,141 1,120,587
Debtors 6 1,184,162 1,119,537
Cash at bank and in hand 227,601 429,356
2,684,904 2,669,480
CREDITORS
Amounts falling due within one year 7 757,377 803,472
NET CURRENT ASSETS 1,927,527 1,866,008
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,981,438

1,904,181

PROVISIONS FOR LIABILITIES 3,262 -
NET ASSETS 1,978,176 1,904,181

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 1,977,176 1,903,181
1,978,176 1,904,181

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





Mr A J Peachment - Director


A R PEACHMENT LIMITED (REGISTERED NUMBER: 02671731)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

A R Peachment 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents the fair value of services provided during the year. Turnover is recognised as contract activity progresses and the right to consideration is earned. Fair value reflects the amount expected to be recoverable from clients. Turnover excludes value added tax.

Unbilled turnover on individual contracts is included as accrued income within other debtors.

Goodwill
Goodwill was amortised evenly over its estimated remaining useful life to 31 December 2022.

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 assets
Tangible assets are initially recorded at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is provided at the following rates in order to write off each asset over the estimated useful life or, if held under finance lease, over the lease term which ever is shorter.

Plant & Machinery - 5 years reducing balance
Office Equipment - 4 years reducing balance
Motor vehicles - 4 years reducing balance
Property Improvements - 10 years straight line

Stocks
Stocks are stated at the lower of cost and net realisable value. Cost is calculated on a weighted average basis, with net realisable value being the estimated selling price, less any costs on disposal. Provision is made for obsolete, slow-moving or damaged inventory, where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


A R PEACHMENT LIMITED (REGISTERED NUMBER: 02671731)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Remedial works provision
A provision for remedial works is made at the balance sheet date where in order to fulfil a contract, the company is likely to be required to carry out corrective works to meet the obligations of the contract. When recognising and measuring a provision, the company evaluates it's own historical data both before and after the balance sheet date to determine whether an obligation existed at the balance sheet date.

3. EMPLOYEES

The average number of employees during the year was 14 (2022 - 11 ) .

4. INTANGIBLE ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 800,000
AMORTISATION
At 1 January 2023
and 31 December 2023 800,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

A R PEACHMENT LIMITED (REGISTERED NUMBER: 02671731)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 139,369
Additions 30,741
At 31 December 2023 170,110
DEPRECIATION
At 1 January 2023 101,196
Charge for year 15,003
At 31 December 2023 116,199
NET BOOK VALUE
At 31 December 2023 53,911
At 31 December 2022 38,173

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 563,353 558,179
Amounts owed by group undertakings 584,919 395,585
Other debtors 35,890 165,773
1,184,162 1,119,537

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 462,007 554,160
Taxation and social security 135,247 101,451
Other creditors 160,123 147,861
757,377 803,472

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £ £
1,000 Ordinary £1 1,000 1,000
1,000 1,000


9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Jeremy Laurence Hyde FCCA (Senior Statutory Auditor)
for and on behalf of CG LEE Limited

10. OTHER COMMITMENTS

At 31 December 2023, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £326,125 (2022 - £396,125).

A R PEACHMENT LIMITED (REGISTERED NUMBER: 02671731)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

11. PARENT AND ULTIMATE CONTROLLING PARTY

The immediate parent company is Alliance Marine UK Holdings Limited, the ultimate parent company is AMG International SAS , a company incorporated in France.

AMG International SAS is the largest company to prepare consolidated financial statements. Copies of the consolidated financial statements can be obtained from 1522 Avenue de Draguignan, La Garde 83130, France.

Alliance Marine SAS is the smallest group that prepares consolidated financial statements. Copies of the consolidated financial statements can be obtained from 55 Boulevard Pereire, Paris 75017, France.

There is no ultimate controlling party.