Company Registration number: 08617219

J B & E J Peile Limited

Contents

Pages

Balance sheet	1 to 2
Notes to the financial statements	3 to 10

J B & E J Peile Limited

Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,338,758	1,364,462
Investments	5	33,681	33,681
		1,372,439	1,398,143
Current assets
Stocks	6	448,650	398,979
Debtors	7	89,307	87,786
Cash at bank and in hand		1,156	872
		539,113	487,637
Creditors: Amounts falling due within one year	9	(870,321)	(786,974)
Net current liabilities		(331,208)	(299,337)
Total assets less current liabilities		1,041,231	1,098,806
Creditors: Amounts falling due after more than one year	9	(235,683)	(299,819)
Provisions for liabilities		(113,365)	(122,885)
Net assets		692,183	676,102
Capital and reserves
Called up share capital		100	100
Retained earnings		692,083	676,002
Shareholders' funds		692,183	676,102

J B & E J Peile Limited

Balance Sheet as at 31 October 2025 (continued)

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Company registration number: 08617219

Approved and authorised by the Board on 9 March 2026 and signed on its behalf by:
 

......................................... Mr J B Peile Director

J B & E J Peile Limited

Notes to the financial statements for the Year Ended 31 October 2025

1	GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lowlands
Greystoke Castle
Greystoke
Penrith
CA11 OTG

These financial statements were authorised for issue by the Board on 9 March 2026.

2	ACCOUNTING POLICIES

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

J B & E J Peile Limited

Notes to the financial statements for the Year Ended 31 October 2025 (continued)

2	ACCOUNTING POLICIES (continued)

Tax

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

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

J B & E J Peile Limited

Notes to the financial statements for the Year Ended 31 October 2025 (continued)

2	ACCOUNTING POLICIES (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	5% straight line
Tractors	25% straight line
Motor vehicles	25% reducing balance
Plant and machinery	20% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

J B & E J Peile Limited

Notes to the financial statements for the Year Ended 31 October 2025 (continued)

2	ACCOUNTING POLICIES (continued)

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
 Recognition and measurement
Basic financial instruments are initially recognised at the transaction price.
 Impairment
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.

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.

3	STAFF NUMBERS

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 5).

J B & E J Peile Limited

Notes to the financial statements for the Year Ended 31 October 2025 (continued)

5	INVESTMENTS

	2025 £
At 1 November	33,681
At 31 October	33,681

6

STOCKS

	2025 £	2024 £
Stocks	448,650	398,979

7

DEBTORS

Current	2025 £	2024 £
Trade debtors	62,971	68,729
Prepayments	3,070	1,592
Other debtors	23,266	17,465
	89,307	87,786

J B & E J Peile Limited

Notes to the financial statements for the Year Ended 31 October 2025 (continued)

8	LOANS AND BORROWINGS

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	193,795	215,879
Hire purchase contracts	41,888	83,940
	235,683	299,819

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	22,648	25,865
Bank overdrafts	188,103	137,600
Hire purchase contracts	42,052	44,418
	252,803	207,883

9

CREDITORS

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	252,803	207,883
Trade creditors		62,629	66,078
Taxation and social security		18,052	253
Accruals and deferred income		4,319	3,979
Other creditors		532,518	508,781
		870,321	786,974

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £58,034 (2024 - £61,189).

J B & E J Peile Limited

Notes to the financial statements for the Year Ended 31 October 2025 (continued)

9	CREDITORS (continued)

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	235,683	299,819

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £235,683 (2024 - £292,927).

Creditors include bank loans not repayable by instalments of £45,814 (2024 - £137,850) due after more than five years.