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REGISTERED NUMBER: 03696604 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

PESKETT SOLUTIONS LIMITED

PESKETT SOLUTIONS LIMITED (REGISTERED NUMBER: 03696604)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PESKETT SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: M Peskett
Mrs J Peskett





SECRETARY: Mrs J Peskett





REGISTERED OFFICE: 30 - 34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 03696604 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

PESKETT SOLUTIONS LIMITED (REGISTERED NUMBER: 03696604)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 13,452 17,890

CURRENT ASSETS
Stocks 135,334 96,845
Debtors 5 127,418 151,656
Cash at bank 93,311 68,899
356,063 317,400
CREDITORS
Amounts falling due within one year 6 (364,185 ) (330,395 )
NET CURRENT LIABILITIES (8,122 ) (12,995 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,330

4,895

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 5,230 4,795
SHAREHOLDERS' FUNDS 5,330 4,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 5 November 2024 and were signed on its behalf by:





M Peskett - Director


PESKETT SOLUTIONS LIMITED (REGISTERED NUMBER: 03696604)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Peskett Solutions 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.

Turnover
Turnover 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2023
and 29 February 2024 6,920 106,780 16,062 129,762
DEPRECIATION
At 1 March 2023 6,907 90,477 14,488 111,872
Charge for year 3 4,042 393 4,438
At 29 February 2024 6,910 94,519 14,881 116,310
NET BOOK VALUE
At 29 February 2024 10 12,261 1,181 13,452
At 28 February 2023 13 16,303 1,574 17,890

PESKETT SOLUTIONS LIMITED (REGISTERED NUMBER: 03696604)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 56,385 64,710
Other debtors 71,033 86,946
127,418 151,656

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 134,733 51,489
Amounts owed to group undertakings 214,438 251,359
Taxation and social security 1,160 20,583
Other creditors 13,854 6,964
364,185 330,395

7. CALLED UP SHARE CAPITAL

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

8. RESERVES
Retained
earnings
£   

At 1 March 2023 4,795
Profit for the year 435
At 29 February 2024 5,230

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
M Peskett
Balance outstanding at start of year 37,155 68,200
Amounts advanced 51,833 -
Amounts repaid (40,000 ) (31,045 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 48,988 37,155

10. RELATED PARTY DISCLOSURES

During the year, the company was charged £40,000 (2023 : £40,000) by Peskett Investments Limited for management services provided.