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REGISTERED NUMBER: 03742004 (England and Wales)












Financial Statements

for the Year Ended 31 March 2024

for

John G Peck Limited

John G Peck Limited (Registered number: 03742004)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


John G Peck Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: J G Peck
Mrs A A Peck
K J Peck
N Roe
M Ranade





SECRETARY: Mrs A A Peck





REGISTERED OFFICE: Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR





REGISTERED NUMBER: 03742004 (England and Wales)





AUDITORS: Clayton & Brewill
Statutory Auditors and
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

John G Peck Limited (Registered number: 03742004)

Abridged Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 15,550 19,557

CURRENT ASSETS
Inventories 2,258,801 1,975,089
Debtors 2,827,909 2,651,652
Cash at bank and in hand 2,275,020 1,605,197
7,361,730 6,231,938
CREDITORS
Amounts falling due within one year 2,499,390 1,615,828
NET CURRENT ASSETS 4,862,340 4,616,110
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,877,890

4,635,667

CAPITAL AND RESERVES
Called up share capital 6 60 60
Capital redemption reserve 40 40
Retained earnings 4,877,790 4,635,567
SHAREHOLDERS' FUNDS 4,877,890 4,635,667

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 Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:





J G Peck - Director


John G Peck Limited (Registered number: 03742004)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

John G Peck 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.

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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Inventories 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.

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.

John G Peck Limited (Registered number: 03742004)

Notes to the Financial Statements - continued
for the year ended 31 March 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.

Operating leases
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 April 2023
and 31 March 2024 93,835
DEPRECIATION
At 1 April 2023 74,278
Charge for year 4,007
At 31 March 2024 78,285
NET BOOK VALUE
At 31 March 2024 15,550
At 31 March 2023 19,557

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/3/24 31/3/23
£    £   
Within one year 31,600 25,000
Between one and five years 49,631 14,583
81,231 39,583

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
59 'A' Ordinary £1 59 59
1 'B' Ordinary £1 1 1
60 60

John G Peck Limited (Registered number: 03742004)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

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

The Report of the Auditors was unqualified.

Yvonne Jackson Bsc FCA (Senior Statutory Auditor)
for and on behalf of Clayton & Brewill

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31/3/24 31/3/23
£    £   
N Roe
Balance outstanding at start of year 319,250 335,680
Amounts repaid (16,990 ) (16,430 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 302,260 319,250

Interest at the official HMRC interest rate is being applied to the advance. The balance is repayable based on the amount deemed affordable by Mr N Roe.