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REGISTERED NUMBER: 05557468 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

PEACHY PRODUCTIONS (LONDON) LTD

PEACHY PRODUCTIONS (LONDON) LTD (REGISTERED NUMBER: 05557468)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


PEACHY PRODUCTIONS (LONDON) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P J French
R J S Howard





REGISTERED OFFICE: Exchange House
St. Cross Lane
Newport
Isle of Wight
PO30 5BZ





REGISTERED NUMBER: 05557468 (England and Wales)





ACCOUNTANTS: Garbetts (IOW) Limited
Exchange House
St Cross Lane
Newport
Isle of Wight
PO30 5BZ

PEACHY PRODUCTIONS (LONDON) LTD (REGISTERED NUMBER: 05557468)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 631,008 594,593
631,008 594,593

CURRENT ASSETS
Stocks 5,849 2,755
Debtors 6 140,907 224,844
Investments 7 209,504 -
Cash at bank and in hand 88,501 58,369
444,761 285,968
CREDITORS
Amounts falling due within one year 8 523,504 482,024
NET CURRENT LIABILITIES (78,743 ) (196,056 )
TOTAL ASSETS LESS CURRENT LIABILITIES 552,265 398,537

CREDITORS
Amounts falling due after more than one
year

9

(73,080

)

(116,396

)

PROVISIONS FOR LIABILITIES (140,032 ) (96,549 )
NET ASSETS 339,153 185,592

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 339,053 185,492
339,153 185,592

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.

PEACHY PRODUCTIONS (LONDON) LTD (REGISTERED NUMBER: 05557468)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





P J French - Director


PEACHY PRODUCTIONS (LONDON) LTD (REGISTERED NUMBER: 05557468)

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


1. STATUTORY INFORMATION

Peachy Productions (London) Ltd 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 etc - 25% on reducing balance and 15% 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 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.

PEACHY PRODUCTIONS (LONDON) LTD (REGISTERED NUMBER: 05557468)

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 923
AMORTISATION
At 1 April 2023
and 31 March 2024 923
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

PEACHY PRODUCTIONS (LONDON) LTD (REGISTERED NUMBER: 05557468)

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


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 1,971,288
Additions 147,769
At 31 March 2024 2,119,057
DEPRECIATION
At 1 April 2023 1,376,695
Charge for year 111,354
At 31 March 2024 1,488,049
NET BOOK VALUE
At 31 March 2024 631,008
At 31 March 2023 594,593

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 113,125 197,062
Other debtors 27,782 27,782
140,907 224,844

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 209,504 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 88,319 114,478
Hire purchase contracts 12,971 -
Credit card 12,102 1,902
Trade creditors 73,734 92,998
Taxation and social security 246,344 214,732
Other creditors 90,034 57,914
523,504 482,024

PEACHY PRODUCTIONS (LONDON) LTD (REGISTERED NUMBER: 05557468)

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


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 48,220 116,396
Hire purchase contracts 24,860 -
73,080 116,396

10. LEASING COMMITMENTS

At the reporting date, the company had total commitments under non-cancellable operating leases of £115,000.