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REGISTERED NUMBER: 04296317 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PEACE OF MIND .925 LIMITED

PEACE OF MIND .925 LIMITED (REGISTERED NUMBER: 04296317)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PEACE OF MIND .925 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S D Beck
Mrs S Barritt
A T Beck
T J Mynott





SECRETARY: C Holden





REGISTERED OFFICE: 7 Dunkirk Business Park
Frome Road
Southwick
Wiltshire
BA14 9NL





REGISTERED NUMBER: 04296317 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR

PEACE OF MIND .925 LIMITED (REGISTERED NUMBER: 04296317)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 69,495 105,761

CURRENT ASSETS
Stocks 540,377 558,412
Debtors 5 1,045,355 870,930
Cash at bank and in hand 2,070,313 1,673,361
3,656,045 3,102,703
CREDITORS
Amounts falling due within one year 6 892,460 772,377
NET CURRENT ASSETS 2,763,585 2,330,326
TOTAL ASSETS LESS CURRENT LIABILITIES 2,833,080 2,436,087

PROVISIONS FOR LIABILITIES 17,374 20,095
NET ASSETS 2,815,706 2,415,992

CAPITAL AND RESERVES
Called up share capital 7 109 109
Retained earnings 2,815,597 2,415,883
2,815,706 2,415,992

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

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

PEACE OF MIND .925 LIMITED (REGISTERED NUMBER: 04296317)

BALANCE SHEET - continued
31 MARCH 2024


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 21 November 2024 and were signed on its behalf by:





S D Beck - Director


PEACE OF MIND .925 LIMITED (REGISTERED NUMBER: 04296317)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Peace Of Mind .925 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.

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.
Fixtures and fittings - 10% on cost
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.

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.


PEACE OF MIND .925 LIMITED (REGISTERED NUMBER: 04296317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


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.

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.

Debtors
Debtors are measured at their recoverable amount.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discount due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 19 ) .

PEACE OF MIND .925 LIMITED (REGISTERED NUMBER: 04296317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 157,699
Disposals (30,593 )
At 31 March 2024 127,106
DEPRECIATION
At 1 April 2023 51,938
Charge for year 13,321
Eliminated on disposal (7,648 )
At 31 March 2024 57,611
NET BOOK VALUE
At 31 March 2024 69,495
At 31 March 2023 105,761

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 711,854 626,934
Other debtors 333,501 243,996
1,045,355 870,930

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 65,686 67,621
Taxation and social security 531,404 437,279
Other creditors 295,370 267,477
892,460 772,377

PEACE OF MIND .925 LIMITED (REGISTERED NUMBER: 04296317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal value: 2024 2023
£ £
10,000 Ordinary 1p 100 100
318 Ordinary "A" 1p 3 3
200 Ordinary "B" 1p 2 2
200 Ordinary "C" 1p 2 2
200 Ordinary "D" 1p 2 2
109 109



8. RELATED PARTY DISCLOSURES

At the balance sheet date the balance due to the directors was £133,009 (2023 - £117,016).