Peake Blooms Limited 31/03/2025 iXBRL

Company registration number: NI617991

Peake Blooms Limited

Unaudited filleted financial statements

31 March 2025

Peake Blooms Limited

Contents

Directors and other information

Directors report

Accountants report

Balance sheet

Notes to the financial statements

Peake Blooms Limited

Directors and other information


Directors	Aidan McPeake
	Aaron McPeake	(Appointed 30 April 2024)


Company number	NI617991


Registered office	Unit 4, McGrattan Complex
	Balmoral Road
	Belfast
	Co. Antrim
	BT12 6QB


Business address	Unit 4, McGrattan Complex
	Balmoral Road
	Belfast
	Co. Antrim
	BT12 6QB


Accountants	Jones Peters
	6-7 Church Street
	Banbridge
	Co. Down
	BT32 4AA




	Bankers	Dankse Bank
		Donegall Square West
		Belfast
		Co. Down
		BT1 6JS

Peake Blooms Limited

Directors report

Year ended 31 March 2025

The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2025.

Directors

The directors who served the company during the year were as follows:


Aidan McPeake
Aaron McPeake				(Appointed 30 April 2024)

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 04 December 2025 and signed on behalf of the board by:

Aidan McPeake

Director

Peake Blooms Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Peake Blooms Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Peake Blooms Limited for the year ended 31 March 2025 which comprise the Balance sheet and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.

This report is made solely to the board of directors of Peake Blooms Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Peake Blooms Limited and state those matters that we have agreed to state to the board of directors of Peake Blooms Limited as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Peake Blooms Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Peake Blooms Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Peake Blooms Limited. You consider that Peake Blooms 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 financial statements of Peake Blooms 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 financial statements.

Jones Peters

Chartered Accountants

6-7 Church Street

Banbridge

Co. Down

BT32 4AA

4 December 2025

Peake Blooms Limited

Balance sheet

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	6	-		-
Tangible assets	7	138,920		87,241
		_______		_______
			138,920		87,241

Current assets
Stocks		117,100		97,000
Debtors	8	950,599		726,822
Cash at bank and in hand		1,146,489		1,220,659
		_______		_______
		2,214,188		2,044,481
Creditors: amounts falling due
within one year	9	( 876,482)		( 778,511)
		_______		_______
Net current assets			1,337,706		1,265,970
			_______		_______
Total assets less current liabilities			1,476,626		1,353,211

Creditors: amounts falling due
after more than one year	10		( 8,607)		-

Provisions for liabilities	11		( 30,190)		( 20,004)

			_______		_______
Net assets			1,437,829		1,333,207
			_______		_______

Capital and reserves
Called up share capital	14		100		10
Profit and loss account			1,437,729		1,333,197
			_______		_______
Shareholders funds			1,437,829		1,333,207
			_______		_______

For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476;

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the Profit and loss account and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 04 December 2025 , and are signed on behalf of the board by:

Aidan McPeake

Director

Company registration number: NI617991

Peake Blooms Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Peake Blooms Limted, Unit 4, McGrattan Complex, Balmoral Road, Belfast, Co. Antrim, BT12 6QB.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

No significant judgements have had to be made by management in preparing these financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	10 %

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Leasehold improvements	-	5 %	straight line
Plant and machinery	-	15 %	straight line
Fittings fixtures and equipment	-	15 %	straight line
Motor vehicles	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance sheet and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employees

The aggregate payroll costs incurred during the year were:

	2025	2024
	£	£
Wages and salaries	520,517	405,975
Social security costs	50,438	39,724
Other pension costs	12,781	30,481
	_______	_______
	583,736	476,180
	_______	_______

5. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2024: 10 ).

6. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	234,414	234,414
	_______	_______
Amortisation
At 1 April 2024 and 31 March 2025	234,414	234,414
	_______	_______
Carrying amount
At 31 March 2025	-	-
	_______	_______
At 31 March 2024	-	-
	_______	_______

7. Tangible assets

	Leasehold improvements	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2024	10,000	60,327	111,000	25,100	206,427
Additions	40,841	15,198	9,699	17,800	83,538
	_______	_______	_______	_______	_______
At 31 March 2025	50,841	75,525	120,699	42,900	289,965
	_______	_______	_______	_______	_______
Depreciation
At 1 April 2024	10,000	42,411	62,068	4,707	119,186
Charge for the year	1,683	4,331	16,232	9,613	31,859
	_______	_______	_______	_______	_______
At 31 March 2025	11,683	46,742	78,300	14,320	151,045
	_______	_______	_______	_______	_______
Carrying amount
At 31 March 2025	39,158	28,783	42,399	28,580	138,920
	_______	_______	_______	_______	_______
At 31 March 2024	-	17,916	48,932	20,393	87,241
	_______	_______	_______	_______	_______

8. Debtors

	2025	2024
	£	£
Trade debtors	533,705	511,424
Other debtors	416,894	215,398
	_______	_______
	950,599	726,822
	_______	_______

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	546,611	433,595
Corporation tax	74,612	79,878
Social security and other taxes	229,781	248,231
Other creditors	25,478	16,807
	_______	_______
	876,482	778,511
	_______	_______

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	8,607	-
	_______	_______

11. Provisions

	Deferred tax (note 12)	Total
	£	£
At 1 April 2024	20,004	20,004
Charges against provisions	10,186	10,186
	_______	_______
At 31 March 2025	30,190	30,190
	_______	_______

12. Deferred tax

The deferred tax included in the Balance sheet is as follows:

	2025	2024
	£	£
Included in provisions (note 11)	30,190	20,004
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	30,190	20,004
	_______	_______

13. Financial instruments

All financial instruments have been recorded at their transaction price. No other financial instruments exist other than those included in debtors and creditors.

14. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares of £ 1.00 each	100	100	10	10
	_______	_______	_______	_______

15. Controlling party

Due to his majority shareholding in the company, Aidan McPeake is deemed to be the controlling party.