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REGISTERED NUMBER: 06474136 (England and Wales)















David Peachey Electrical And Mechanical
Limited

Unaudited Financial Statements

for the year ended

31 January 2024






David Peachey Electrical And Mechanical
Limited (Registered number: 06474136)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8

Chartered Accountants' Report 9

David Peachey Electrical And Mechanical
Limited

Company Information
for the year ended 31 January 2024







DIRECTORS: D Peachey
Mrs J M Peachey





SECRETARY: Mrs J M Peachey





REGISTERED OFFICE: 8 Hopper Way
Diss Business Park
Diss
Norfolk
IP22 4GT





REGISTERED NUMBER: 06474136 (England and Wales)





ACCOUNTANTS: Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT

David Peachey Electrical And Mechanical
Limited (Registered number: 06474136)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 187,516 100,537
187,516 100,537

CURRENT ASSETS
Stocks 35,000 37,030
Debtors 6 83,166 115,913
Cash at bank 9,050 53,258
127,216 206,201
CREDITORS
Amounts falling due within one year 7 (179,449 ) (190,657 )
NET CURRENT (LIABILITIES)/ASSETS (52,233 ) 15,544
TOTAL ASSETS LESS CURRENT LIABILITIES 135,283 116,081

CREDITORS
Amounts falling due after more than one
year

8

(54,900

)

(43,342

)

PROVISIONS FOR LIABILITIES (19,143 ) (19,102 )
NET ASSETS 61,240 53,637

David Peachey Electrical And Mechanical
Limited (Registered number: 06474136)

Balance Sheet - continued
31 January 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 61,140 53,537
SHAREHOLDERS' FUNDS 61,240 53,637

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





D Peachey - Director


David Peachey Electrical And Mechanical
Limited (Registered number: 06474136)

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


1. STATUTORY INFORMATION

David Peachey Electrical And Mechanical 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
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 2017, is being amortised evenly over its estimated useful life of five 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

David Peachey Electrical And Mechanical
Limited (Registered number: 06474136)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 10,000
AMORTISATION
At 1 February 2023
and 31 January 2024 10,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

David Peachey Electrical And Mechanical
Limited (Registered number: 06474136)

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


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2023 - 114,700 1,800
Additions 10,228 1,824 -
Disposals - - -
At 31 January 2024 10,228 116,524 1,800
DEPRECIATION
At 1 February 2023 - 47,383 1,007
Charge for year - 10,297 119
Eliminated on disposal - - -
At 31 January 2024 - 57,680 1,126
NET BOOK VALUE
At 31 January 2024 10,228 58,844 674
At 31 January 2023 - 67,317 793

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 67,194 2,706 186,400
Additions 115,652 207 127,911
Disposals (9,349 ) - (9,349 )
At 31 January 2024 173,497 2,913 304,962
DEPRECIATION
At 1 February 2023 36,031 1,442 85,863
Charge for year 28,694 190 39,300
Eliminated on disposal (7,717 ) - (7,717 )
At 31 January 2024 57,008 1,632 117,446
NET BOOK VALUE
At 31 January 2024 116,489 1,281 187,516
At 31 January 2023 31,163 1,264 100,537

David Peachey Electrical And Mechanical
Limited (Registered number: 06474136)

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


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2023 35,450
Additions 97,652
At 31 January 2024 133,102
DEPRECIATION
At 1 February 2023 11,268
Charge for year 22,824
At 31 January 2024 34,092
NET BOOK VALUE
At 31 January 2024 99,010
At 31 January 2023 24,182

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 82,281 115,070
Other debtors 885 843
83,166 115,913

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 22,390
Hire purchase contracts 34,414 10,735
Trade creditors 47,249 70,194
Taxation and social security 31,460 40,433
Other creditors 56,326 46,905
179,449 190,657

David Peachey Electrical And Mechanical
Limited (Registered number: 06474136)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 13,333 23,333
Hire purchase contracts 41,567 20,009
54,900 43,342

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 75,981 30,744

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
60 Ordinary £1 60 60
40 Ordinary A £1 40 40
100 100

11. RELATED PARTY DISCLOSURES

At the end of the year, the company owed the directors £28,202 (2023 - £20,833) relating to an interest free loan with no set repayment terms.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
David Peachey Electrical And Mechanical
Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of David Peachey Electrical And Mechanical Limited for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of David Peachey Electrical And Mechanical Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of David Peachey Electrical And Mechanical Limited and state those matters that we have agreed to state to the Board of Directors of David Peachey Electrical And Mechanical Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than David Peachey Electrical And Mechanical Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that David Peachey Electrical And Mechanical Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of David Peachey Electrical And Mechanical Limited. You consider that David Peachey Electrical And Mechanical Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of David Peachey Electrical And Mechanical Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT


30 October 2024