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Registration number: 01924625

Peaceful Poultry Limited

Annual Report and Unaudited Financial Statements Year Ended 31 August 2024

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Chartered Accountants

 

Peaceful Poultry Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

Peaceful Poultry Limited

Company Information

Directors

Mr Nicholas Ralph

Ms Elizabeth Nicola Ralph

Alice Barbara Ralph

Victoria Netta Griffin

Company secretary

Mrs Nicola A Ralph

Registered office

Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

Accountants

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Peaceful Poultry Limitedfor the Year Ended 31 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Peaceful Poultry Limited for the year ended 31 August 2024 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Peaceful Poultry Limited, as a body, in accordance with the terms of our engagement letter dated 11 May 2010. Our work has been undertaken solely to prepare for your approval the accounts of Peaceful Poultry Limited and state those matters that we have agreed to state to the Board of Directors of Peaceful Poultry Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Peaceful Poultry Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Peaceful Poultry Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Peaceful Poultry Limited. You consider that Peaceful Poultry Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Peaceful Poultry Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

2 April 2025

 

Peaceful Poultry Limited

(Registration number: 01924625)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

           

Fixed assets

   

 

Tangible assets

4

 

640,709

 

441,783

Current assets

   

 

Stocks

5

4,000

 

4,000

 

Debtors

6

9,204

 

1,957

 

Cash at bank and in hand

 

10,772

 

3,227

 

 

23,976

 

9,184

 

Creditors: Amounts falling due within one year

7

(514,533)

 

(305,297)

 

Net current liabilities

   

(490,557)

 

(296,113)

Total assets less current liabilities

   

150,152

 

145,670

Creditors: Amounts falling due after more than one year

7

 

(145,245)

 

(149,507)

Net assets/(liabilities)

   

4,907

 

(3,837)

Capital and reserves

   

 

Called up share capital

8

2

 

2

 

Retained earnings

4,905

 

(3,839)

 

Shareholders' funds/(deficit)

   

4,907

 

(3,837)

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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 2 April 2025 and signed on its behalf by:
 



Mr Nicholas Ralph
Director

 

Peaceful Poultry 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:
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA
England

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, 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 corporation 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.

 

Peaceful Poultry Limited

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Tenants improvements

10% straight line

Plant and machinery

25% straight line

Motor vehicles

25% straight line

Fixtures, fittings and equipment

25% 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 receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Peaceful Poultry Limited

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

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

4

Tangible assets

Freehold property
£

Tenants Improvements
£

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2023

414,505

11,552

676

97,443

48,358

572,534

Additions

213,338

-

-

-

-

213,338

At 31 August 2024

627,843

11,552

676

97,443

48,358

785,872

Depreciation

At 1 September 2023

-

11,552

676

70,165

48,358

130,751

Charge for the year

-

-

-

14,412

-

14,412

At 31 August 2024

-

11,552

676

84,577

48,358

145,163

Carrying amount

At 31 August 2024

627,843

-

-

12,866

-

640,709

At 31 August 2023

414,505

-

-

27,278

-

441,783


 

5

Stocks

2024
£

2023
£

Other inventories

4,000

4,000

 

Peaceful Poultry Limited

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

6

Debtors

Current

2024
£

2023
£

Trade debtors

4,697

1,675

Other debtors

4,507

282

 

9,204

1,957

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

349,990

265,000

Trade creditors

 

7,790

6,081

Taxation and social security

 

1,173

-

Accruals and deferred income

 

1,000

1,000

Other creditors

 

154,580

33,216

 

514,533

305,297

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

145,245

149,507

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

         

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

145,245

149,507

Current loans and borrowings

2024
£

2023
£

Other borrowings

349,990

265,000