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REGISTERED NUMBER: 06358223 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Peachy Belts Limited

Peachy Belts Limited (Registered number: 06358223)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Peachy Belts Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mrs Z C Gibson





SECRETARY: Mr R G Gibson





REGISTERED OFFICE: Furze Hill Farm
Knossington
Oakham
Leicestershire
LE15 8LX





REGISTERED NUMBER: 06358223 (England and Wales)





ACCOUNTANTS: Franklins
18 St Christopher's Way
Pride Park
Derby
Derbyshire
DE24 8JY

Peachy Belts Limited (Registered number: 06358223)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,176 1,009
1,176 1,009

CURRENT ASSETS
Stocks 82,497 70,975
Debtors 6 37 3,393
Cash at bank 15,403 7,181
97,937 81,549
CREDITORS
Amounts falling due within one year 7 93,761 91,406
NET CURRENT ASSETS/(LIABILITIES) 4,176 (9,857 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,352

(8,848

)

CREDITORS
Amounts falling due after more than one
year

8

(3,703

)

(10,451

)

PROVISIONS FOR LIABILITIES (294 ) -
NET ASSETS/(LIABILITIES) 1,355 (19,299 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 1,353 (19,301 )
SHAREHOLDERS' FUNDS 1,355 (19,299 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Belts Limited (Registered number: 06358223)

Balance Sheet - continued
31 December 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 director and authorised for issue on 24 March 2025 and were signed by:





Mrs Z C Gibson - Director


Peachy Belts Limited (Registered number: 06358223)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Peachy Belts 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

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.

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 - 25% on reducing balance
Computer equipment - 25% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Peachy Belts Limited (Registered number: 06358223)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 87,300
AMORTISATION
At 1 January 2024
and 31 December 2024 87,300
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 11,742 - 11,742
Additions - 558 558
At 31 December 2024 11,742 558 12,300
DEPRECIATION
At 1 January 2024 10,733 - 10,733
Charge for year 252 139 391
At 31 December 2024 10,985 139 11,124
NET BOOK VALUE
At 31 December 2024 757 419 1,176
At 31 December 2023 1,009 - 1,009

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Social security and other tax - 383
Tax - 2,977
Prepayments and accrued income 37 33
37 3,393

Peachy Belts Limited (Registered number: 06358223)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,209 6,051
Trade creditors 14,945 9,644
Taxation and social security 14,277 10,235
Other creditors 58,330 65,476
93,761 91,406

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 3,703 10,451

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2