Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30falsefalsetrue2023-10-01No description of principal activity1811falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12900801 2023-10-01 2024-09-30 12900801 2022-10-01 2023-09-30 12900801 2024-09-30 12900801 2023-09-30 12900801 c:Director1 2023-10-01 2024-09-30 12900801 d:Buildings d:ShortLeaseholdAssets 2023-10-01 2024-09-30 12900801 d:Buildings d:ShortLeaseholdAssets 2024-09-30 12900801 d:Buildings d:ShortLeaseholdAssets 2023-09-30 12900801 d:MotorVehicles 2023-10-01 2024-09-30 12900801 d:MotorVehicles 2024-09-30 12900801 d:MotorVehicles 2023-09-30 12900801 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12900801 d:FurnitureFittings 2023-10-01 2024-09-30 12900801 d:FurnitureFittings 2024-09-30 12900801 d:FurnitureFittings 2023-09-30 12900801 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12900801 d:OfficeEquipment 2023-10-01 2024-09-30 12900801 d:OfficeEquipment 2024-09-30 12900801 d:OfficeEquipment 2023-09-30 12900801 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12900801 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12900801 d:Goodwill 2023-10-01 2024-09-30 12900801 d:Goodwill 2024-09-30 12900801 d:Goodwill 2023-09-30 12900801 d:CurrentFinancialInstruments 2024-09-30 12900801 d:CurrentFinancialInstruments 2023-09-30 12900801 d:Non-currentFinancialInstruments 2024-09-30 12900801 d:Non-currentFinancialInstruments 2023-09-30 12900801 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 12900801 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 12900801 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 12900801 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 12900801 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 12900801 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 12900801 c:OrdinaryShareClass1 2023-10-01 2024-09-30 12900801 c:OrdinaryShareClass1 2024-09-30 12900801 c:OrdinaryShareClass1 2023-09-30 12900801 c:FRS102 2023-10-01 2024-09-30 12900801 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12900801 c:FullAccounts 2023-10-01 2024-09-30 12900801 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12900801 d:HirePurchaseContracts d:WithinOneYear 2024-09-30 12900801 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-09-30 12900801 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-09-30 12900801 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 12900801 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 12900801 d:HirePurchaseContracts d:WithinOneYear 2023-09-30 12900801 4 2023-10-01 2024-09-30 12900801 d:Goodwill d:OwnedIntangibleAssets 2023-10-01 2024-09-30 12900801 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12900801









PECK PECK CHICKEN LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
PECK PECK CHICKEN LIMITED
REGISTERED NUMBER: 12900801

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
£
£


Fixed assets
270,263
184,513

Current assets
98,585
57,687

Creditors: amounts falling due within one year
(169,871)
(146,458)

Net current liabilities
 
 
(71,286)
 
 
(88,771)

Total assets less current liabilities
198,977
95,742

Creditors: amounts falling due after more than one year
(113,998)
(9,293)


Net assets
84,979
86,449



Capital and reserves
84,979
86,449


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


Salvador Thomas Whitehead
Director
Date: 26 June 2025

Page 1

 
PECK PECK CHICKEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

PECK PECK CHICKEN LIMITED is a private company limited by share capital, incorporated in England and Wales, registration number 12900801. The address of the registered office is 291 Green Lanes, Palmers Green, London, N13 4XS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Revenue from the sale of food and beverages at the point of sale is recognised when the goods are delivered to the customer, which occurs at the time of purchase. This is when the control of the goods transfers to the customer, the amount of revenue can be measured reliably, and it is probable that the economic benefits associated with the transaction will flow to the entity. Revenue is measured at the fair value of the consideration received or receivable, net of discounts and value-added tax
 

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 2

 
PECK PECK CHICKEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Company can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Page 3

 
PECK PECK CHICKEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method and reducing balance method .

Depreciation is provided on the following basis:

Short-term leasehold property
-
13%
Straight-line Method
Motor vehicles
-
25%
reducing balance method
Fixtures and fittings
-
14%
Straight-line Method
Office equipment
-
14%
Straight-line Method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

Page 4

 
PECK PECK CHICKEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 18 (2023 - 11).

Page 5

 
PECK PECK CHICKEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 October 2023
156,000



At 30 September 2024

156,000



Amortisation


At 1 October 2023
46,800


Charge for the year on owned assets
15,600



At 30 September 2024

62,400



Net book value



At 30 September 2024
93,600



At 30 September 2023
109,200



Page 6

 
PECK PECK CHICKEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Tangible fixed assets





Short-term leasehold property
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 October 2023
10,000
15,175
103,024
1,997
130,196


Additions
30,162
18,985
96,114
1,598
146,859


Disposals
(10,000)
-
-
-
(10,000)



At 30 September 2024

30,162
34,160
199,138
3,595
267,055



Depreciation


At 1 October 2023
1,250
3,828
49,126
679
54,883


Charge for the year on owned assets
2,520
7,583
24,892
514
35,509



At 30 September 2024

3,770
11,411
74,018
1,193
90,392



Net book value



At 30 September 2024
26,392
22,749
125,120
2,402
176,663



At 30 September 2023
8,750
11,348
53,898
1,317
75,313


6.


Debtors

2024
2023
£
£


Trade debtors
9,008
-

Other debtors
23,600
29,800

Prepayments and accrued income
14,240
3,750

Deferred taxation
37,568
-

84,416
33,550


Page 7

 
PECK PECK CHICKEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
6,626
18,625

6,626
18,625



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
74,348
-

Payments received on account
-
3,366

Trade creditors
20,033
11,680

Corporation tax
-
21,411

Other taxation and social security
18,063
21,453

Obligations under finance lease and hire purchase contracts
7,881
3,186

Other creditors
47,796
83,812

Accruals and deferred income
1,750
1,550

169,871
146,458



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
96,153
-

Net obligations under finance leases and hire purchase contracts
17,845
9,293

113,998
9,293


Page 8

 
PECK PECK CHICKEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
74,348
-

Amounts falling due 1-2 years

Bank loans
42,344
-

Amounts falling due 2-5 years

Bank loans
53,809
-

170,501
-



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
7,881
3,186

Between 1-5 years
17,845
9,293

25,726
12,479


12.


Deferred taxation




2024


£






Charged to profit or loss
37,568



At end of year
37,568

Page 9

 
PECK PECK CHICKEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
 
12.Deferred taxation (continued)

The deferred tax asset is made up as follows:

2024
2023
£
£


Accelerated capital allowances
37,568
-

37,568
-


13.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Share Capital shares of £1.00 each
100
100



14.


First time adoption of FRS 102

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

 
Page 10