14 17 Peacock and Smith Limited 01306847 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is that of town planners and development consultants. Digita Accounts Production Advanced 6.30.9574.0 true 01306847 2023-09-01 2024-08-31 01306847 2024-08-31 01306847 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2024-08-31 01306847 core:RetainedEarningsAccumulatedLosses 2024-08-31 01306847 core:ShareCapital 2024-08-31 01306847 core:CurrentFinancialInstruments 2024-08-31 01306847 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 01306847 core:FurnitureFittingsToolsEquipment 2024-08-31 01306847 bus:SmallEntities 2023-09-01 2024-08-31 01306847 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 01306847 bus:FilletedAccounts 2023-09-01 2024-08-31 01306847 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 01306847 bus:RegisteredOffice 2023-09-01 2024-08-31 01306847 bus:Director1 2023-09-01 2024-08-31 01306847 bus:Director2 2023-09-01 2024-08-31 01306847 bus:Director3 2023-09-01 2024-08-31 01306847 bus:Director4 2023-09-01 2024-08-31 01306847 bus:Director5 2023-09-01 2024-08-31 01306847 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-09-01 2024-08-31 01306847 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 01306847 bus:Agent1 2023-09-01 2024-08-31 01306847 core:FurnitureFittings 2023-09-01 2024-08-31 01306847 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 01306847 countries:EnglandWales 2023-09-01 2024-08-31 01306847 2023-08-31 01306847 core:FurnitureFittingsToolsEquipment 2023-08-31 01306847 2022-09-01 2023-08-31 01306847 2023-08-31 01306847 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-08-31 01306847 core:RetainedEarningsAccumulatedLosses 2023-08-31 01306847 core:ShareCapital 2023-08-31 01306847 core:CurrentFinancialInstruments 2023-08-31 01306847 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 01306847 core:FurnitureFittingsToolsEquipment 2023-08-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 01306847

Peacock and Smith Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Peacock and Smith Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Peacock and Smith Limited

Company Information

Directors

S. J. Buckley

C. Creighton

M. E. Eagland

G. Glennon

E. J. Kemsley

Registered office

Westwood House
78 Loughborough Road
Quorn
Loughborough
Leicestershire
LE12 8DX

Accountants

Robert Whowell & Partners LLP
Chartered AccountantsWestwood House
78 Loughborough Road
Quorn
Loughborough
Leicestershire
LE12 8DX

 

Peacock and Smith Limited

(Registration number: 01306847)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

10,222

14,539

Current assets

 

Stocks

6

52,311

80,632

Debtors

7

170,631

341,611

Cash at bank and in hand

 

77,356

107,186

 

300,298

529,429

Creditors: Amounts falling due within one year

8

(182,255)

(185,253)

Net current assets

 

118,043

344,176

Net assets

 

128,265

358,715

Capital and reserves

 

Called up share capital

9

118

118

Retained earnings

128,147

358,597

Shareholders' funds

 

128,265

358,715

 

Peacock and Smith Limited

(Registration number: 01306847)
Balance Sheet as at 31 August 2024

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 January 2025 and signed on its behalf by:
 

.........................................
M. E. Eagland
Director

 

Peacock and Smith Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Westwood House
78 Loughborough Road
Quorn
Loughborough
Leicestershire
LE12 8DX

These financial statements were authorised for issue by the Board on 23 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

 

Peacock and Smith Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Tax

The tax expense for the period comprises current income tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

15% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtor.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete.

The cost of work in progress comprises direct labour costs and those overheads that have been incurred.

 

Peacock and Smith Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2023 - 17).

 

Peacock and Smith Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Profit before tax

Arrived at after charging:

2024
£

2023
£

Depreciation

6,336

7,441

5

Tangible assets

Fixtures, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2023

50,695

50,695

Additions

2,019

2,019

At 31 August 2024

52,714

52,714

Depreciation

At 1 September 2023

36,156

36,156

Charge for the year

6,336

6,336

At 31 August 2024

42,492

42,492

Carrying amount

At 31 August 2024

10,222

10,222

At 31 August 2023

14,539

14,539

6

Stocks

2024
£

2023
£

Work in progress

52,311

80,632

 

Peacock and Smith Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

7

Debtors

Current

2024
£

2023
£

Trade debtors

136,705

307,207

Prepayments

23,633

24,114

Other debtors

10,293

10,290

 

170,631

341,611

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

24,279

29,626

Taxation and social security

92,966

94,798

Accruals and deferred income

40,001

37,930

Other creditors

25,009

22,899

182,255

185,253

9

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

118

118

118

118

         

10

Related party transactions

During the year the directors and a close family member received dividends amounting to £285,305 (2023 - £306,061).