REGISTERED NUMBER: 06474136 (England and Wales)

David Peachey Electrical And Mechanical

Limited

Unaudited Financial Statements

for the year ended

31 January 2025

Page

Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

7

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

172,344

187,516

172,344

187,516

CURRENT ASSETS

Stocks

27,500

35,000

Debtors

6

125,718

83,166

Cash at bank

24

9,050

153,242

127,216

CREDITORS

Amounts falling due within one year

7

(195,154

)

(179,449

)

NET CURRENT LIABILITIES

(41,912

)

(52,233

)

TOTAL ASSETS LESS CURRENT LIABILITIES

130,432

135,283

CREDITORS

Amounts falling due after more than one year

8

(25,708

)

(54,900

)

PROVISIONS FOR LIABILITIES

(22,543

)

(19,143

)

NET ASSETS

82,181

61,240

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

82,081

61,140

SHAREHOLDERS' FUNDS

82,181

61,240

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 5 November 2025 and were signed on its behalf by:

D Peachey - Director

1.	STATUTORY INFORMATION

David Peachey Electrical And Mechanical Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06474136

Registered office:

8 Hopper Way

Diss Business Park

Diss

Norfolk

IP22 4GT

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

Not depreciated

Plant and machinery

-

15% reducing balance

Fixtures and fittings

-

15% reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

10,000

AMORTISATION

At 1 February 2024

and 31 January 2025

10,000

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 February 2024

10,228

116,524

1,800

Additions

-

1,041

-

At 31 January 2025

10,228

117,565

1,800

DEPRECIATION

At 1 February 2024

-

57,680

1,126

Charge for year

-

8,858

101

At 31 January 2025

-

66,538

1,227

NET BOOK VALUE

At 31 January 2025

10,228

51,027

573

At 31 January 2024

10,228

58,844

674

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2024

173,497

2,913

304,962

Additions

24,065

-

25,106

At 31 January 2025

197,562

2,913

330,068

DEPRECIATION

At 1 February 2024

57,008

1,632

117,446

Charge for year

31,127

192

40,278

At 31 January 2025

88,135

1,824

157,724

NET BOOK VALUE

At 31 January 2025

109,427

1,089

172,344

At 31 January 2024

116,489

1,281

187,516

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 February 2024

133,102

Additions

24,065

At 31 January 2025

157,167

DEPRECIATION

At 1 February 2024

34,092

Charge for year

26,758

At 31 January 2025

60,850

NET BOOK VALUE

At 31 January 2025

96,317

At 31 January 2024

99,010

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

125,718

82,281

Other debtors

-

885

125,718

83,166

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,462

10,000

Hire purchase contracts

40,536

34,414

Trade creditors

49,400

47,249

Taxation and social security

54,418

31,460

Other creditors

40,338

56,326

195,154

179,449

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

3,333

13,333

Hire purchase contracts

22,375

41,567

25,708

54,900

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

62,911

75,981

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

60

Ordinary

£1

60

60

40

Ordinary A

£1

40

40

100

100

11.	RELATED PARTY DISCLOSURES

At the end of the year, the company owed the directors £20,692 (2024 - £28,702) relating to an interest free loan with no set repayment terms.