Registered number
09538627
Peaches&Co Ltd
Unaudited Filleted Accounts
30 April 2024
Peaches&Co Ltd
Registered number: 09538627
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 63,000 66,000
Tangible assets 4 16,748 15,300
79,748 81,300
Current assets
Stocks 2,500 1,569
Debtors 5 10,634 16,157
Cash at bank and in hand 19,373 19,489
32,507 37,215
Creditors: amounts falling due within one year 6 (21,285) (19,557)
Net current assets 11,222 17,658
Total assets less current liabilities 90,970 98,958
Creditors: amounts falling due after more than one year 7 (58,844) (67,809)
Net assets 32,126 31,149
Capital and reserves
Called up share capital 100 100
Profit and loss account 32,026 31,049
Shareholder's funds 32,126 31,149
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ezgi Yilmaz
Director
Approved by the board on 2 September 2024
Peaches&Co Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 75,000
At 30 April 2024 75,000
Amortisation
At 1 May 2023 9,000
Provided during the year 3,000
At 30 April 2024 12,000
Net book value
At 30 April 2024 63,000
At 30 April 2023 66,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2023 - 29,808 29,808
Additions 4,758 1,050 5,808
At 30 April 2024 4,758 30,858 35,616
Depreciation
At 1 May 2023 - 14,508 14,508
Charge for the year - 4,360 4,360
At 30 April 2024 - 18,868 18,868
Net book value
At 30 April 2024 4,758 11,990 16,748
At 30 April 2023 - 15,300 15,300
5 Debtors 2024 2023
£ £
Trade debtors 861 3,021
Other debtors 9,773 13,136
10,634 16,157
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 6,872 6,769
Taxation and social security costs 7,413 10,363
Other creditors 7,000 2,425
21,285 19,557
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 22,691 27,153
Other creditors 36,153 40,656
58,844 67,809
8 Other information
Peaches&Co Ltd is a private company limited by shares and incorporated in England. Its registered office is:
214 Lower Addiscombe Road
Croydon
CR0 7AB
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