REGISTERED NUMBER: 03742004 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

John G Peck Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J G Peck

Mrs A A Peck

K J Peck

N Roe

M Ranade

SECRETARY:

Mrs A A Peck

REGISTERED OFFICE:

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

REGISTERED NUMBER:

03742004 (England and Wales)

AUDITORS:

Clayton & Brewill

Statutory Auditors and

Chartered Accountants

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

FIXED ASSETS

Property, plant and equipment

4

21,116

15,550

CURRENT ASSETS

Inventories

1,658,395

2,258,801

Debtors

1,752,464

2,827,909

Cash at bank and in hand

3,447,254

2,275,020

6,858,113

7,361,730

CREDITORS

Amounts falling due within one year

1,750,564

2,499,390

NET CURRENT ASSETS

5,107,549

4,862,340

TOTAL ASSETS LESS CURRENT LIABILITIES

5,128,665

4,877,890

PROVISIONS FOR LIABILITIES

5,279

-

NET ASSETS

5,123,386

4,877,890

CAPITAL AND RESERVES

Called up share capital

6

60

60

Capital redemption reserve

40

40

Retained earnings

5,123,286

4,877,790

SHAREHOLDERS' FUNDS

5,123,386

4,877,890

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 October 2025 and were signed on its behalf by:

J G Peck - Director

1.	STATUTORY INFORMATION

John G Peck 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.

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

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

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

Revenue is recognised when risks and rewards of the goods sold pass to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Inventories 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 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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Operating leases

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 7 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 April 2024

93,835

Additions

9,663

At 31 March 2025

103,498

DEPRECIATION

At 1 April 2024

78,285

Charge for year

4,097

At 31 March 2025

82,382

NET BOOK VALUE

At 31 March 2025

21,116

At 31 March 2024

15,550

5.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

53,230

27,813

Between one and five years

182,050

35,820

In more than five years

23,333

-

258,613

63,633

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

59

'A' Ordinary

£1

59

59

1

'B' Ordinary

£1

1

1

60

60

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

The Report of the Auditors was unqualified.

Yvonne Jackson Bsc FCA (Senior Statutory Auditor)

for and on behalf of Clayton & Brewill

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

N Roe

Balance outstanding at start of year

302,260

319,250

Amounts repaid

(17,379

)

(16,990

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

284,881

302,260

Interest at the official HMRC interest rate is being applied to the advance. The balance is repayable based on the amount deemed affordable by Mr N Roe.