Company registration number 05265466 (England and Wales)
W. PEAKE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
W. PEAKE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
W. PEAKE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
266
352
Current assets
Debtors
5
14,517
16,249
Cash at bank and in hand
4,525
6,978
19,042
23,227
Creditors: amounts falling due within one year
6
(14,053)
(14,908)
Net current assets
4,989
8,319
Total assets less current liabilities
5,255
8,671
Creditors: amounts falling due after more than one year
7
(3,479)
(6,479)
Provisions for liabilities
(51)
(67)
Net assets
1,725
2,125
Capital and reserves
Called up share capital
8
1
1
Profit and loss reserves
1,724
2,124
Total equity
1,725
2,125
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
W. PEAKE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 19 November 2024
Mr W C Peake
Director
Company registration number 05265466 (England and Wales)
W. PEAKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information
W. Peake Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Whelan Close, Fernhurst Farm, Blackburn, Lancs, BB2 4FX.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The director is not aware of any material uncertainties affecting the company and considers that the company will have sufficient resources to continue trading for the foreseeable future. As a result the director has continued to adopt the going concern basis in preparing the financialtrue statements.
1.3
Turnover
Turnover represents amounts receivable for dry lining and fixing services.
1.4
Goodwill
Acquired goodwill has been written off in equal annual instalments over its estimated useful economic life of five years.
1.5
Tangible fixed assets
Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
15% Reducing balance
Fixtures, fittings & equipment
25% Reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.6
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7
Taxation
The tax expense represents the sum of the tax currently payable.
W. PEAKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
5,000
Amortisation and impairment
At 1 April 2023 and 31 March 2024
5,000
Carrying amount
At 31 March 2024
At 31 March 2023
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 and 31 March 2024
4,032
Depreciation and impairment
At 1 April 2023
3,680
Depreciation charged in the year
86
At 31 March 2024
3,766
Carrying amount
At 31 March 2024
266
At 31 March 2023
352
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
CIS Tax refund due
14,517
16,249
W. PEAKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
3,000
3,000
Corporation tax
8,836
10,084
Other creditors
2,217
1,824
14,053
14,908
Included in Other creditors is an amount owed to the director of £366 (2023: £151).
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
3,479
6,479
8
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary share of £1
1
1