IRIS Accounts Production v25.1.3.33 SC450699 Board of Directors 1.3.23 29.2.24 29.2.24 28.8.25 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4506992023-02-28SC4506992024-02-29SC4506992023-03-012024-02-29SC4506992022-02-28SC4506992022-03-012023-02-28SC4506992023-02-28SC450699ns15:Scotland2023-03-012024-02-29SC450699ns14:PoundSterling2023-03-012024-02-29SC450699ns10:Director12023-03-012024-02-29SC450699ns10:PrivateLimitedCompanyLtd2023-03-012024-02-29SC450699ns10:SmallEntities2023-03-012024-02-29SC450699ns10:Audited2023-03-012024-02-29SC450699ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-29SC450699ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-29SC450699ns10:FullAccounts2023-03-012024-02-29SC450699ns10:OrdinaryShareClass12023-03-012024-02-29SC450699ns10:Director32023-03-012024-02-29SC450699ns10:CompanySecretary12023-03-012024-02-29SC450699ns10:RegisteredOffice2023-03-012024-02-29SC450699ns5:CurrentFinancialInstruments2024-02-29SC450699ns5:CurrentFinancialInstruments2023-02-28SC450699ns5:ShareCapital2024-02-29SC450699ns5:ShareCapital2023-02-28SC450699ns5:RetainedEarningsAccumulatedLosses2024-02-29SC450699ns5:RetainedEarningsAccumulatedLosses2023-02-28SC450699ns5:TaxLossesCarry-forwardsDeferredTax2024-02-29SC450699ns5:TaxLossesCarry-forwardsDeferredTax2023-02-28SC450699ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-29SC450699ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-28SC450699ns5:DeferredTaxation2023-03-012024-02-29SC450699ns5:DeferredTaxation2024-02-29SC450699ns10:OrdinaryShareClass12024-02-29
REGISTERED NUMBER: SC450699 (Scotland)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

PECI LIMITED

PECI LIMITED (REGISTERED NUMBER: SC450699)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PECI LIMITED

COMPANY INFORMATION
for the Year Ended 29 FEBRUARY 2024







DIRECTORS: Mrs G A Cochrane
A A Cochrane





SECRETARY: Ms N L Parfitt





REGISTERED OFFICE: c/o SMS Processing Ltd
4 Redheughs Rigg
Edinburgh
EH12 9DQ





REGISTERED NUMBER: SC450699 (Scotland)





AUDITORS: Burnside
Chartered Accountants
and Statutory Auditor
61 Queen Square
Bristol
BS1 4JZ

PECI LIMITED (REGISTERED NUMBER: SC450699)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 4 8,412 -
Debtors 5 445,712 24,598
Cash at bank - 42,440
454,124 67,038
CREDITORS
Amounts falling due within one year 6 436,366 19,811
NET CURRENT ASSETS 17,758 47,227
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,758

47,227

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 17,658 47,127
SHAREHOLDERS' FUNDS 17,758 47,227

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:





A A Cochrane - Director


PECI LIMITED (REGISTERED NUMBER: SC450699)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 FEBRUARY 2024

1. STATUTORY INFORMATION

PECI Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets and liabilities are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company may not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


PECI LIMITED (REGISTERED NUMBER: SC450699)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors have reviewed the going concern status of the company and believe that the company will remain a going concern and will have sufficient working capital to meet its requirements for the foreseeable future. The directors therefore continue to adopt the going concern basis of accounting in preparing these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. STOCKS
2024 2023
£    £   
Stocks 8,412 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 410,051 -
Amounts owed by group undertakings - 16,758
Amounts owed by related undertakings 21,778 -
Other debtors 1,355 -
VAT - 1,750
Deferred tax asset
Tax losses carried forward 1,436 -
Prepayments and accrued income 11,092 6,090
445,712 24,598

PECI LIMITED (REGISTERED NUMBER: SC450699)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 FEBRUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 310,466 6,623
Amounts owed to group undertakings - 10,000
Amounts owed to related undertakings 20,397 -
VAT 38,247 -
Accruals and deferred income 67,256 3,188
436,366 19,811

7. DEFERRED TAX
£   
Credit to Income Statement during year (1,436 )
Balance at 29 February 2024 (1,436 )

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Coombe FCA (Senior Statutory Auditor)
for and on behalf of Burnside

10. ULTIMATE CONTROLLING PARTY

TGC Holdings Limited was the immediate parent undertaking until 13 November 2023, when the company was acquired by Mrs G A Cochrane, who became the ultimate controlling party.